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What else can I help you with?
Explain price determination under monopolistic competition?
My heartfelt apologies, I don't mean to be rude. But, is this a loaded question? If it is a monopoly, there's no competition. Therefore you can determine the price any way you want. {eijgniy: hey there is such a market called monopolistic competition.
What factors are considered while changing from batch to flow production?
-A change in labour requirement might mean redundancies and compensation payments for some of the workers. -the skill level required to operate more mechanised systems is often much lower, which will demotivate multi-skilled workers. -more investment is required in preventive maintenance as the production system becomes more mechanised.
What does labor consumption mean?
hiring workers
What is the definition of compenation?
"compenation " is gibberish. -You may mean 'compensation' which is a form of payment for something.
What is monopolistic competition mean?
Monopolistic competition is a market structure characterized by many firms that sell products that are similar but not identical, allowing for differentiation. In this environment, firms have some degree of market power, enabling them to set prices above marginal cost. Entry and exit in the market are relatively easy, leading to zero economic profit in the long run. Examples include restaurants and retail clothing stores, where each offers unique variations of a product.
What does a monopolistic workers comp stae mean?
As of 7/1/2008, there are 4 states in which the workers' compensation system is considered "monopolistic". This means that the individual state sets rates and operates a state administered fund of workers compensation insurance, vs. the coverage being written in a competitive market by private insurers. Currently the only monopolistic states are North Dakota, Ohio, Washington and Wyoming.
Which states are Workers Compensation Monopolistic States?
North Dakota, Ohio, Washington & Wyoming. Also, the US Virgin Islands and Puerto Rico are monopolistic, and AZ, CA, CO, ID, MD, MI, MN, MT, NY, OK, OR, PA & UT are option states. Could you explain what option states mean? Does that mean you have the option for them to be monopolistic if you want to of what exactly?
Does the federal government require emplyees to contribute to the worker's compensation insurance?
No. If you mean state regulated Workers' Compensation coverage, (and don't have it confused with Social Security) the Federal government does not mandate anything about the system and certainly does not require employees to contribute.
What does s.l.u mean in workers compensation?
SLU - scheduled loss of use. when a loss to a part or member of a body can be determined, e.g. amputation of a finger, 50% loss of vision.
What mean by salary or wage?
Wage - A wage is a compensation, usually financial, received by workers in exchange for their labor. Salary - A fixed amount of money paid to a worker
What specialized workers mean?
What does specialized workers mean?
What does 'desired compensation' mean?
Desired compensation is what one requests / expects in return for a perceived injury, accident or slight. If you hit my car with yours, my desired compensation is a new car. It doesn't mean that is what I deserve or will get.
Explain price determination under monopolistic competition?
My heartfelt apologies, I don't mean to be rude. But, is this a loaded question? If it is a monopoly, there's no competition. Therefore you can determine the price any way you want. {eijgniy: hey there is such a market called monopolistic competition.
In math what does compensation mean?
Compensation in math means, adding and subtracting the same number to make the sum or difference easier to find.
Define the meaning of a deferred compensation plan?
The phrase "deferred compensation plan" is defined to mean a compensation package in which the recipient will receive the funds at at future date. Examples include pensions and retirement plans.
What does TEC refer to the salary from an organisation mean?
Total Employment Compensation
What does WC LT mean on worker compensation reports?
lost time
