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A firm pays Pam $40 per hour to assemble personal computers. Each day, Pam can assemble 4 computers if she works 1 hour, 7 computers if she works 2 hours, 9 computers if she works 3 hours, and 10 computers if she works 4 hours. Pam cannot work more than 4 hours day. Each computer consists of a motherboard, a hard drive, a case, a monitor, a keyboard, and a mouse. The total cost of these parts is $600 per computer. If Jane works for 6 hours she can rent out 9 apartments, and if she works for 7 hours she can rent out 12 apartments. The marginal benefit of Jane's 7th hour of work equals:
Forced Distribution
A performance management system where employees are ranked in groups and a certain percentage must fall into each group.
Merit Pay
A pay system where employees are given bonuses or pay increases based on their performance, encouraging productivity and excellence.
Performance Appraisal
The formal assessment of an individual employee's job performance and productivity, usually involving feedback and documentation.
360-Degree Feedback
A performance appraisal system where employees receive confidential, anonymous feedback from the people who work around them.
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