If the economy struggles in 2023 Lincoln Electric will seedemand ____________ for its products.  This would cause Lincoln to ____________ production and overall compensation for Lincoln workers would ________.    Fall; increase; increase  Increase; increase; increase  Fall; decrease; decrease  Increase; decrease; increase  None of the above due to Lincoln’s ‘piece work’ model of compensation.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
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ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter3: Demand Analysis
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17.         If the economy struggles in 2023 Lincoln Electric will seedemand ____________ for its products.  This would cause Lincoln to ____________ production and overall compensation for Lincoln workers would ________. 

 

  1. Fall; increase; increase 
  2. Increase; increase; increase 
  3. Fall; decrease; decrease 
  4. Increase; decrease; increase 
  5. None of the above due to Lincoln’s ‘piece work’ model of compensation. 
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