Suppose That in Enigma, Ohio, Klutzes Have a Productivity of $1,000

question 15

Multiple Choice

Suppose that in Enigma, Ohio, klutzes have a productivity of $1,000 and kandos have a productivity of $4,000 per month. You can't tell klutzes from kandos by looking at them or asking them, and it is too expensive to monitor individual productivity. Kandos, however, have more patience than klutzes. Listening to an hour of dull lectures is as bad as losing $150 for a klutz and $50 for a kando. There will be a separating equilibrium in which anybody who attends a course of H hours of lectures is paid $4,000 per month and anybody who does not is paid $1,000 per month

• A) if 20 < H < 60.
• B) if 20 < H < 120.
• C) only in the limit as H approaches infinity.
• D) for all positive values of H.
• E) if 16.67 < H < 50.

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Definitions:

Team Effectiveness

The degree to which a team achieves its goals, meets its members' needs, and sustains its performance over time.

Continuous Improvement

An ongoing effort to enhance products, services, or processes through incremental adjustments or innovations.

Employee Participation

Employee participation involves engaging employees in decision-making processes within an organization, leading to increased motivation and commitment.

Team Building

Activities and exercises designed to strengthen relationships and improve cooperation among team members.