Suppose that the labor market for medical researchers is perfectly competitive, but employers of researchers have only imperfect information about the productivity of any researcher. Researchers come from one of two groups: A and B. The following statements describe the information that employers have about researchers: (i) they know that, on average, researchers from group A are more productive than researchers from group B; and (ii) they know that the worker-specific information that they observe is equally informative for researchers from group A and researchers from group B. According to the statistical discrimination model, which of the following statements about equilibrium wages of researchers is correct?
Group of answer choices
A. A researcher from group A will receive a higher wage than a researcher from group B with identical individual credentials only if the individual credentials are "above average"
B. A researcher from group A will receive a higher wage than a researcher from group B with identical individual credentials only if the individual credentials are "below average"
C. A researcher from group A always will receive a higher wage than a researcher from group B with identical individual credentials
D. Wages will vary less among researchers from group A than among researchers from group B
Answers: 2
Business, 22.06.2019 05:00, and7393
Xie company identified the following activities, costs, and activity drivers for 2017. the company manufactures two types of go-karts: deluxe and basic. activity expected costs expected activity handling materials $ 625,000 100,000 parts inspecting product 900,000 1,500 batches processing purchase orders 105,000 700 orders paying suppliers 175,000 500 invoices insuring the factory 300,000 40,000 square feet designing packaging 75,000 2 models required: 1. compute a single plantwide overhead rate, assuming that the company assigns overhead based on 125,000 budgeted direct labor hours. 2. in january 2017, the deluxe model required 2,500 direct labor hours and the basic model required 6,000 direct labor hours. assign overhead costs to each model using the single plantwide overhead rate.
Answers: 3
Business, 22.06.2019 16:10, donbright100
Answer the following questions using the banker’s algorithm: a. illustrate that the system is in a safe state by demonstrating an order in which the processes may complete. b. if a request from process p1 arrives for (1, 1, 0, 0), can the request be granted immediately? c. if a request from process p
Answers: 1
Business, 22.06.2019 23:30, breezer20042
How does the federal reserve stabilize and safeguard the nation’s economy? (select all that apply.) it distributes currency and oversees fiscal conditions. it implements american monetary policy. it regulates banks and defends consumer credit rights. it regulates and oversees the nasdaq stock exchange.
Answers: 1
Business, 22.06.2019 23:50, kaylinreed7
Harris fabrics computes its predetermined overhead rate annually on the basis of direct labor-hours. at the beginning of the year, it estimated that 34,000 direct labor-hours would be required for the period’s estimated level of production. the company also estimated $599,000 of fixed manufacturing overhead expenses for the coming period and variable manufacturing overhead of $3.00 per direct labor-hour. harris's actual manufacturing overhead for the year was $768,234 and its actual total direct labor was 34,500 hours. required: compute the company's predetermined overhead rate for the year. (round your answer to 2 decimal places.)
Answers: 2
Suppose that the labor market for medical researchers is perfectly competitive, but employers of res...
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