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When examining wage dispersion, many people consider only monetary rewards and ignore other perks such as life insurance, health insurance, and paid vacation days. A compensation package including these items is described as having which of the following?
a. Fringe benefits
b. Tournament pay
c. Compensating wage differentials
d. Pay-for-performance benefits.
Determine how sensitive the decision to invest in the new facility is to the estimates of initial cost and net annual revenue. Use a MARR of 4% per year and a 5-year study period.
The following table lists the name, gender, height and reservation wage of 10 persons willing to work as firefighters in Timber Creek. What is the lowest wage that Timber Creek must pay to hire five firefighters? You answered the question $380/week (..
If there were 30 million employed Theralanders and Theraland had a job-separation rate of 15% per month, explain how many people would find jobs each month.
The US government has been involved in the Persian Gulf regions, in Iraq and in Afghanistan, in order not to let the terrorist groups take over and control the oil supplies and the shipments of oil to the rest of the world.
Discuss the factors that cause the average income of nonwhites to be lower than the average income of whites. Explain how welfare creates work disincentives. Explain the changes in welfare caused by the "Personal Responsibility and Work Reconciliatio..
Calculate the income elasticities of demand for the following: Income rises by 5 percent; demand decreases by 5 percent. Income rises from $75,000 to $90,000; demand decreases.
Pick an industry (personal computers, autos, etc.) and elucidate how it would function under market conditions of perfect competition, monopolistic competition, monopoly, and oligopoly. Of these, describe why you think one benefits consumers more ..
Classify the following as automatic stabilizer, discretionary fiscal policy, or not fiscal policy a. the federal government increases spending because of the war in Iraq and Afghanistan b. the Federal Reserve increases the money supply
If se economists ignore possibility of crowding out, illustrate what would they approximate marginal propensity to consume (MPC) to be
What are the advantages and disadvantages of being the first mover in an industry? Give some examples of first moverand late mover firms and were they successful?
Steve’s preferences for hamburgers (X) and chicken sandwiches (Y) can be represented by u(X,Y)=X 0.5Y 0.5. Graphically decompose the total effect of the price change into an income effect and substitution effect. Plot hamburger consumption on the hor..
Illustrate what price-quantity comb I country maximizes your firm's profits. Is Demand elastic, inelastic or unit elastic at the profit-maximizing price-quantity combination.
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