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10-12 ConsiderTable 632 in the 2008 U.S. Statistical Abstract. a. Calculate the union wage effect. Calculate the union effect on total benefits. Calculate the union effect on total compensation. Union wage effect (21.91-17.66)/17.66=24.00 Union effect on total benefits (13.69-6.85)/6.85=99.9% Union effect on total compensation (35.60-24.52)/24.52=45.20% b. Note that for nonunion workers, retirement and savings increase total compensation by 75 cent per hour, with 60 percent of this expense coming in defined contribution retirement plans. In contrast, retirement and savings add $2.57 to the hourly compensation of union workers, and over three-fourths of this comes in the form of defined benefits and defined contribution plans. What is the difference between defined benefit and defined contribution plan? Why might a union prefer (and be able to negotiate) more compensation in defined benefits plans than defined contribution plans?
suppose the currency in circulation is 600 billion the amount of checkable deposits is 900 billion and excess reserves
Fixed and Variable Costs
as we have discussed the dotcom failures in the early 2000s were in part due to a clear lack of a business plan
wyandotte chemical company sells various chemicals to the automobile industry. wyandotte currently sells30000 gallons
What is the "current macroeconomic situation" in the U.S. (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.)? What fiscal policies and monetary policies would be appropriate at this time
Suppose an economy of two firms and two consumers. The two firms pollute. Firm 1 has a marginal savings function of MS1(e) = 5-e where e is the quantity of emissions from the firm.
Make a short treatment on the examine governments take to promote exports and restrict imports. Describe who profits and who loses from protectionist rules as they relate to net outcome for society.
What would be the effect if the rate is lowered to 4%, or raised to 9%? Why would the federal reserve change these rates?
Draw an iso-cost line for this firm, showing combinations of L and K that cost $6 and another iso-cost line showing combinations that cost $12. What are the slopes of these iso-cost lines?
The industrialization period of the late 1800's saw several new forms of energy developed, including 1. more effective use of humans and animals to power machinery using treadmills.
Assume that Country A has a population of 500,000 and only produces one good-cars. Country A produces 100,000 cars per year. The people in Country A purchase 90,000 cars, but there are not enough cars to fulfill all the demand. They decide to impo..
analysing a drilling decision using an interactive model.open interactive model. there you will see a tree similar to
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