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Category > Economics Posted 22 Jun 2017 My Price 4.00

QUESTION 1

Jennifer Shapiro is a worker for XYZ Company. She has an effort cost function of C = 2e2 and a monthly reservation wage of $2,500. Her wage function is W = 2,500 + 0.4Q. If the incentive coefficient is equal to 0.4 then Q = 300e. Q is Jennifer’s output. Assume that the incentive coefficient decreases from 0.4 to 0.3 and Jennifer’s base salary increases from $2,500 to $2,700.

  • What will happen to her level of effort? (10 points) 
  • How will this change XYZ Company’s profits? (10 points)

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SuperTutor
(15)
Status NEW Posted 22 Jun 2017 01:06 AM My Price 4.00

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