Piece-rate pay coexists in our economy with hourly wage, Ask an Expert

Economics

Piece-rate pay coexists in our economy with hourly wage pay.

(1) Why is that? What aspects of a business (or job) would lead you to expect that it would be characterized by one or the other?

(2) Studies suggest that, comparing workers who do similar jobs, those who are paid by piece-rate earn more than those who are paid straight wages. What reasons are for this difference?

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M91725369

Have any Question?Write your Review or question?

Related Questions in Business Economics

Find the mean and the standard deviation of a binomial

Find the mean and the standard deviation of a Binomial Distribution with n = 65 and p = 0.32 Mean = 24; Stand. Deviation= 4.1 Mean = 20.8; Stand. Deviation= 3.76 Mean = 28; Stand. Deviation= 3.66 Mean = 21.8; Stand. Devi ...

If a woman takes an early pregnancy test she will either

If a woman takes an early pregnancy test, she will either test positive, meaning that the Suppose that if a woman really is pregnant, there is a 98% chance that she will test test says she is pregnant, or test negative, ...

A random sample of 19 college mens basketball games during

A random sample of 19 college? men's basketball games during the last season had an average attendance of 5,046 with a sample standard deviation of 1,753. a. Construct a 99?% confidence interval to estimate the average a ...

I a survey of 400 adults that say traffic is a problem

In a survey of 400 adults that say traffic is a problem: East reported 36% is a problem, South 33% problem, Midwest 26% problem and West 55% problem. (a) The 95% confidence interval for the proportion from the West say t ...

1population parametric mean 53501standard deviation

1) Population (parametric) mean= 53.501 Standard deviation = 1.79208 Imagine that 5 individuals are sampled at random from this population. Calculate the probability that the average calculated will be less than the valu ...

1 why are the costs of fixed assests depreciated2 why would

1. Why are the costs of fixed assests depreciated? 2. Why would a bank lending officer be intersted in cash flow staement of a company that is apllying for a loan?

Suppose demand and supply are given byqdxnbsp 14 - 05

Suppose demand and supply are given by: Q d x = 14 - 0.5 P x and Q s x = .25 P x - 1 a) Determine the equilibrium price and quantitiy. b) Suppose a $12 excise tax is imposed on the good. Determine the new equilibrium ...

I have my null hypothesis as mean eastern sales mean

"I have my null hypothesis as mean eastern sales = mean western sales but just want to check which excel output to use. I know it is two-tailed and I think I can use p or t but just want to check. I have the following ou ...

What are three ways that even every forecast model should

What are three ways that even every forecast model should be evaluated to obtain the best forecast result.

Why does a government undertakes expansionary fiscal

Why does a government undertakes expansionary fiscal policy? What are the problems of undertaking expansionary fiscal policy? When is fiscal policy more appropriate than monetary policy?

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert