--%>

Explain the behavior of the workers

Use the economic perspective to explain the behavior of the workers?  Why do they work so diligently?

E

Expert

Verified

Workers at the fast-food restaurant are also engaging in rational behaviour attempting to achieve maximum fulfillment of their goals.  Every worker is considered the opportunity cost of being in the restaurant rather than participating in the activity that is perceived as the next best alternative (say, cruising around in their cars).

The diligence observed is a function of their desire to maintain employment and the marginal benefit they receive from another day’s pay.  Most among them quit their jobs after high school graduation because they receive more highly valued offers for the use of their time.

   Related Questions in Business Economics

  • Q : What are the 2 definitions of economics

    What are the 2 definitions of economics growth?

  • Q : Describe unexpected deflation Describe

    Describe unexpected deflation?

  • Q : Profit in perfect competition leads to

    An increase within demand for "green-certified" products will ________ a firm's economic profit, and the raise within costs to have a product certified like "green" will ________ a firm's economic profit: w) increase; increase x) increase; decrease y)

  • Q : What do you mean by Financial Linkages

    What do you mean by Financial Linkages in U.S. and World Trade?

  • Q : Organization of employees-Division of

    ‘Mama’ Jean consists of one employee bake crumbly, graham cracker crusts at Mama’s Home-Pies, whereas the other stirs gooey, hot, apple filling. Her staff is organized in accord with a/an: (1) Task management system. (2) Division of labor. (3) Compar

  • Q : Problem regarding to intermediaries and

    Society gains from the activities of intermediaries which succeed within: (1) falling uncertainty and transaction costs for last consumers. (2) arbitrating strikes and defending workers’ rights. (3) creating productive jobs for unskilled workers

  • Q : Explain the markets and prices of the

    Explain the markets and prices of the Market System?

  • Q : Our junior high school serves a

    Comment on the following statement from a newspaper article:  “Our junior high school serves a splendid hot meal for $1 without costing the taxpayers anything, thanks in part to a government subsidy.”

  • Q : Inefficiencies and inequities by

    An employer that exaggerates the safety of a position or the prospects for advancement to job applicants makes inefficiencies as well as arguable inequities due to: (1) signaling. (2) credentialism. (3) screening. (4) adverse selection. (5) a moral hazard.

  • Q : Why does a demand curve slope downward

    Why does a demand curve slope downward?