Having some trouble with this labor economics question. If someone could help me out in layman's terms I would really appreciate it!
Worker compensation is a specific choice by an individual firm. curves, why
a. and show graphically, with reference to indifference curves and isoprofit there has been growth in fringe benefits relative to wages
b. Describe the principal agent applies to the employer-employee relationship and problem as it explain three compensation schemes to address the conflict
c. how graphically and explain why a to pay its workers more than the market-clearing wage.