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parneetgill parneetgill
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5 years ago

Question 1.

If it is difficult for a firm to attribute the output it produces to a particular worker, then

• its employees are likely to form a union.

• a commission system of compensation will be preferable to a salary system.

• a salary compensation system will be preferable to a commission system.

• a piece-rate system of compensation will be preferable to a salary system.

Question 2.

The price of a factor of production that is in fixed supply is called

• economic rent.

• economic profit.

• a compensating differential.

• opportunity cost.
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
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anuja709anuja709
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5 years ago
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parneetgill Author
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5 years ago
Thanks
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