Suppose you invented a test that can easily measure worker, Ask an Expert

Management Studies

Suppose you invented a test that can easily measure worker productivity in Spence's signaling model. Who would be interested in paying for the test?

Would workers pay to take it?

Would firms pay to be able to administer it?

One way for the firm to ‘‘test'' workers is to have an initial probationary period during which it observes workers' productivity and fires them or adjusts their wages according to how the workers perform.

What affect would this strategy have on the return to education? Can you think of realworld markets in which firms use such strategies?

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M91936688

Have any Question?Write your Review or question?

Related Questions in Business Management

Display the manager of the employee with the oldest project

Display the manager of the employee with the oldest project start date (start_date). (This query requires 3 nested queries, start by finding the min start_date from project, then find the emp_id from project where start_ ...

A firm minimizes its costs by using inputs such that the

A firm minimizes its costs by using inputs such that the marginal product of labor is 10 and the marginal product of capital is 20. The price of capital is $10 per unit. What must the price of labor be?

The market demand for a good is given by p 16 - 2qd and

The market demand for a good is given by P = 16 - 2Qd and the market supply is given by P = 4 + 4Qs. Find the equilibrium quantity that will be exchanged in this market. [Write the numerical value in the space below.]

Why might an organization decide to outsource all or some

Why might an organization decide to outsource all or some of its logistics activities to a third party?

Business process management assignment -assignment -

Business Process Management Assignment - Assignment - Analysing and Designing To-Be Business Process for Swinburne Cares Foundation Outline - This assignment requires you to continue working on the business and proce ...

Explain data information and knowledge with examples make

Explain data, information, and knowledge with examples. Make sure to clearly identify the differences between the terms.

Consider a country that has been producing a lot of oil and

Consider a country that has been producing a lot of oil and suppose that from one year to the next its oil wells run out. The country will be poorer than previously. According to the two definitions above, is it in a rec ...

Challenge problem amp chapter 8 problem 6 parts a b and c i

Challenge problem. AMP Chapter 8 problem 6, parts a), b) and c). I would do part c) before part b). The Egserk Catering Company manages a moderate-sized luncheon cafeteria featuring prompt service, delectable cuisine, an ...

Suppose you have used the following production function to

Suppose you have used the following Production Function to estimate the Industry's average and marginal products for its inputs: Q = 150 L 1/4 K 1/3 M 1/5. Where Q stands for output; L is labor; K is capital (machine ho ...

Both australia and singapore are common law countries

Both Australia and Singapore are common law countries. Singatron and Semicontronics conclude their first round of negotiations with a Letter of Intent (LOI). If the deal falls through, will either party be bound to its c ...

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 Management Expert