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What is wage fund theory?
Wage fund theory is proposed and developed by J.S. Mill. In this theory, the wage amount is being determined by the wage fund and the number of employees that are employed.
What happens to the equilibrium wage and quantity of labor if output rises?
The equilibrium wage falls and the equilibrium quantity of labor rises
Productivity measures such as output per worker-hour and wage rates adjusted for inflation in the US are?
Productivity measures (such as output per worker-hour) and wage rates adjusted for inflation in the United States are:
The theory of wages are based on supply and demand for a worker's skills is called what theory?
market theory of wage determination.
How output and employment equilibrium is achieved through production in the classical theory?
equlibrium output and employment
What is wage fund theory?
Wage fund theory is proposed and developed by J.S. Mill. In this theory, the wage amount is being determined by the wage fund and the number of employees that are employed.
What happens to the equilibrium wage and quantity of labor if output rises?
The equilibrium wage falls and the equilibrium quantity of labor rises
Productivity measures such as output per worker-hour and wage rates adjusted for inflation in the US are?
Productivity measures (such as output per worker-hour) and wage rates adjusted for inflation in the United States are:
The theory of wages are based on supply and demand for a worker's skills is called what theory?
market theory of wage determination.
What is the maximum torque output of the impact driver?
The impact driver has a maximum torque output of 200 ft-lbs.
How does wage level effect the morale of the employee?
The wage level affects the morale of the employee directly. When the wage level is acceptable the morale will be high and this will result into more production output.
Who propounded the wage fund theory?
J s mil
The theory of wages are based on supply and demand for a worker's skills is called what?
market theory of wage determination.
What moral theory would minimum wage law be justified most strongly?
The Stakeholder's theory in Ethics.
How output and employment equilibrium is achieved through production in the classical theory?
equlibrium output and employment
What was Thomas Malthus' minimum wage theory?
The Iron Law Of Wages
What are the criticism of classical theory of output and employment?
its introduced by classical economist, there are basically two way to examine classical theory, they are 1 determination of employment 2 determination of output
