Steelweld, a car parts manufacturer, pays employees a higher hourly rate as they learnto master more parts of the work process. employees earn $10 per hour when they arehired and they can earn up to $20 per hour if they master all 12 work units in theproduction process. which of these reward systems is being applied by steelweld?

a. skill-based pay
b. piece-rate pay
c. job evaluation system
d. seniority-based pay
e. membership-based pay

Highland company produces a lightweight backpack that is popular with college students. standard variable costs relating to a single backpack are given below

By 2020, automobile market analysts expect that the demand for electric autos will increase as buyers become more familiar with the technology. however, the costs of producing electric autos may increase because of higher costs for inputs (e. g., rare earth elements), or they may decrease as the manufacturers learn better assembly methods (i. e., learning by doing). what is the expected impact of these changes on the equilibrium price and quantity for electric autos?

Suppose life expectancy in years (l) is a function of two inputs, health expenditures (h) and nutrition expenditures (n) in hundreds of dollars per year. the production function is upper l equals ch superscript 0.40 baseline upper n superscript 0.60l=ch0.40n0.60. beginning with c = 1, a health input of $400400 per year (hequals=44) and a nutrition input of $400400 per year (nequals=44), show that the marginal product of health expenditures and the marginal product of nutrition expenditures are both decreasing. the marginal product of health expenditures when h goes from 44 to 55 is nothing, and the marginal product of health when h goes from 66 to 77 is nothing. (round your answers to three decimal places.)