Really great job. Thank you so much. I really love it. Thank you so much for all of your help.
Need help answering this activity. Please provide detailed answers and correctly labelled graphs.
In order for you to start a small business, 1 manager (adopt reservation wage from savings) and 1 staff(adopt with no reservation wage) is needed. 1. Enumerate the job responsibilities, working terms and conditions (no. of working hours, beneﬁts, etc] that will be contained in their contracts. Specify situations why these contracts will be incomplete basedon the ideas of asymmetric information and principal-agent problem. 2. Examine the Philippine labor market and find out the anticipated salaries of your potential managerand staff. Based on your findings, model the Nash equilibrium (efficiency wage) per employee. Explainhow you came up with your best response curve (you can assume the effort level based onobservation/experience and reservation wage) and isocost line. Present them graphically (2 correctlylabelled graphs). 3. Calculate for the manager’s employment rent given that his reservation wage will only last him sixmonths. What happens to his efficiency wage when the government approves a law that unemploymentbenefit will be given to unemployed citizens? Explain and illustrate graphically (correctly labelled).
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more