There Is Less of a Principal-Agent Problem Between Managers and Apple

question 72

Multiple Choice

There is less of a principal-agent problem between managers and apple pickers than between managers and secretaries because

• A)apple pickers naturally work harder
• B)secretaries get paid less than their worth
• C)productivity is easier to measure in apple picking than in secretarial services
• D)a secretary's marginal product is easier to estimate than an apple picker's
• E)managers can watch apple-pickers more closely than they can secretaries

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Definitions:

Conjugate

A binomial formed by changing the sign of the second term of another binomial, commonly used to rationalize denominators.

Expression

A combination of symbols, numbers, and operations (such as addition and multiplication) that represent a mathematical object or quantity.

Simplify

To reduce a complex mathematical expression or equation to a simpler form by performing operations and combining like terms.

Expression

In mathematics, an arrangement of numbers, symbols, and operators (such as + and ×) that represents a quantity or procedure. Expressions do not have equality signs.