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One aspect of our total compensation package (what we earn at work) that is often overlooked in value is the package of benefits we receive from our employer. Insurance and paid leave can oftentimes equal more then 35% of our total compensation. The following article discusses some of the trends in the costs of benefits over the last 2 years. Read it and provide some thoughts on how you think these trends have affected our overall economic well-being (think unemployment, wage rates, etc.) in recent years. Do you think that if the trends were different that we might be in a different economic situation? If so, how?
Assume that we care about the average welfare of individuals in Indian villages, i.e., we put equal weight on each individual's utility.
Decrease will have on the desired proportions of capital and labor used in producing the given level of output at minimum total cost.
To make your work easier to grade, please make Julie the row player, Kristin the column player also Larissa the page player.
As control variables, Quinn's data also includes income the individual earned in the month the data was collected, and the amount that it rained in the month the data was collected.
Using an indifference curve, illustrate Lorne's decision if he decides to work 10 hours every day.
Should the United States pass a minimum wage that assures all workers earn a wage above the level of poverty.
Write down an expression describing total income from tickets plus popcorn plus other concessions. Forecast total incomes for regular also special Tuesday-night pricing.
Elucidate how might firms "avoid" experiencing diseconomies of scale also illustrate what does the long-run average cost curve look like when diseconomies of scale exist?
Illustrate what do the results tell you about the relative size of the income also substitution effects for leisure for Jake.
What is the output of each firm if they collude to produce the monopoly output. What profit does each firm earn with such collusion.
Illustrate what is the fed funds rate in the banking system. Explain how the Fed manipulates this rate in order to achieve macroeconomic objectives.
Assume that over the last twenty-five years a country's nominal GDP grew to three times its former size.
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