12. If an employee suffers intense harassment and quits because of it, there is said to be: O a. harassment O b. constructive discharge O cisparate treatment O d. retaliation 13. If an employment rule which on its face is neutral, has the effect of causing illegal discrimination, there is said to be a disparate impact. O a. True O b. False
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- Geralt works for Stregobor as a witcher earning $87,000 a year. He decides to quit his job andbecome a freelance witcher. As a freelancer, he spends $7000 on herbs and weapons. Insurancecosts him $1000 a year. He pays himself $145,000 as a salary. His total revenues for the year are$191,000. Based on this information, what were his economic costs as a freelance witcher?Occupational Health and Safety Legislation authorizes a) Governments to establish and enforce occupational health and safety standards. b) Unions to establish and enforce occupational health and safety standards. c) Employers to establish and enforce occupational health and safety standards. O d) Individual committees to establish and enforce occupational health and safety standards.Question 13 Consider a market in which there are two types of workers L and H. Each type of worker has a different level of productivity, but that productivity is unobservable ex ante to potential employers. Before seeking employment at a firm in the market, all workers can (if they choose) get some level of education e. This choice of education e is observable to all, including potential employers. Assume that the market is competitive, so expected profits must be zero in equilibrium. The L-type workers have a productivity of 2 if they work for a firm in the market. They also have an outside option of 2. The utility function of the L-type workers UL - wL- eL, where wl is the wage received and eL is the level of education they obtain. The H type worker has an outside option of 2 and a productivity of 4 if they are employed by a firm in the market. The utility function for a H-type worker is UH=wH - (%)eH, where wH is the wage paid to a H-type and eH is the education they choose to get.…
- Venture capital (VC) firms are pools of privatecapital that typically invest in small, fast-growingcompanies, which usually can’t raise funds through other means. In exchange for this financ-ing, the VCs receive a share of the company’s equity, and the founders of the firm typically stayon and continue to manage the company.a. Describe the nature of the incentive conflictbetween VCs and the managers, identifyingthe principal and the agent. b. VC investments have two typical com-ponents: (1) managers maintain some ownership in the company and often earnadditional equity if the company performs well; (2) VCs demand seats on the compa-ny’s board. Discuss how these two compo-nents help address the incentive conflict.Question 12 Consider a workplace that has two workers who can work as a team. Each worker can put in effort worker 1's effort is labelled el and worker 7's as e2. These effort chores are made simultaneously. Output of the team is Bel+ 4e2. Each worker bears the cost of their effort and has a utility of Ui-wi-ei, where i-1.2 and wi is the wage that the worker ves Now assume that the effort of each worker is unobservable but team output can be contracted on. In fact, assume that the balanced-budget nule holds in that each worker receives half of team output as their wage. What are the efforts that each workers put in? Oel-3, e2-3) O None of the other answers are correct. O el 2, e2-1 O el-1,e2-1 O e1-4, 2-2The figure depicts the efficiency wage equilibrium of a worker and a firm. According to this figure: Isocosts Worker's best response curve 0.7---- 0.5+ -- 4 6 10 12 Hourly wage, $ At B, the MRS is higher than the MRT. O The firm is able to increase its profits from those attained at A by inducing the worker to exert higher effort in return for a higher wage. O The firm would maximise its profits by paying an hourly wage that is $6 above the worker's reservation wage. O At C, the marginal rate of substitution (MRS) between higher wage cost and higher effort exceeds the marginal rate of transformation (MRT). Effort per hour 近
- Twin studies are helpful in producing an unbiased estimate of the returns to schooling, because twins are likely to O have similar abilities. achieve the same amount of education. O work in the same industry. O work in the same occupation. O earn comparable wages.23 > Most workplaces are subject to federal minimum wage guidelines, but restaurants are not. Currently, restaurant owners are required to pay waiters and waitresses only $2.13 per hour, provided that those servers are eligible to receive tips. a. How might this pay scheme (low minimum plus tips) resolve a principal-agent problem for restaurant owners? Tipping O psychologically benefits restaurant owners, who otherwise would feel guilty about the low wages they pay servers. incentivizes servers to provide poor quality service since customers are required to tip. eliminates the need for restaurant owners to pay servers a livable wage. O incentivizes servers to provide good service, strengthening the restaurant's reputation. ΟΟΟΟ b. Why might this pay scheme backfire by creating a different principal-agent problem for restaurant owners? A possible problem is that tipping narrows the pool of job candidates seeking restaurant work. servers may be tempted to fraternize with wealthy patrons,…With regard to the law of negligence, which of the following is FALSE? Select one:, O a. If the court finds that the plaintiff was 40 percent and the defendant 60 percent responsible for the loss suffered by the plaintiff, the plaintiff cannot recover the 40 percent from the defendant. O b. Some occupiers' liability acts set the standard of care owed by the occupier-namely, to take reasonable care that any person is reasonably safe. Oc To win his action in negligence. a plaintiff must prove, among other things, that the defendant owed the plaintiff a duty of care. Oayou hurt someone and are suec for negligonde, a possible defence is that you didn't intend
- 40) Wearitwell Inc sales associates are almost all Caucasian college age men and women. Stockroom employees who unpack and prepare clothing for displays are mostly young Asians and African Americans. This suggests that Weartitwell may need to address its policies and practices in hiring. O lage race age AND race O genderA strike, or the threat of one, is most likely to be effective when: O demand for the firm's product is weak. O foreign competition for the product is high. O the firm has a low product inventory. O demand for the product produced by the union workers is highly elastic.If employers are profit-maximizers, then O competition will always eventually eliminate employment discrimination. O employment discrimination may persist if consumers discriminate. O employment discrimination will persist because it is always profitable. O compensating differentials carinot exist.