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Marlene will live for four more time periods. In the current period, she has the option of attending college. If she does, she pays 40,000 in direct costs for the period.
what is the minimum earnings necessary to induce her to move to northern Virginia. Assume a .10 discount rate.
Explain how you would use the rest of the information above to better assess the impact of the influx of immigrants. Discuss any problems or dubious assumptions of your procedure in (c).
What is the average number of efficiency units among immigrants. Is the immigrant flow positively or negatively selected.
Would the worker accept a $15 wage offer. Would anything change if unemployment benefits were reduced such that the y-intercept of the MC curve increased four-fold. Show graphically.
Assuming that labor accounts for 80% of country Y's gross domestic product, calculate immigrant surplus as a share of national income.
the weekly relationship between output and number of workers for a factory with a fixed size of plant. Calculate the marginal product of labor.
According to the delayed payment compensation model, would workers at smaller firms have flatter or steeper age-earnings. Explain how an empirical test of this argument would be problematic.
What happens if there is an increase in demand that increases the price of the firm's product by 10%. What is there is an increase in demand that increases the price of the product by 20%.
What is the unit product cost for the month under absorption costing. Prepare an income statement for the month using the contribution format and the variable costing method.
How has the introduction of females and minorities in the corporate structure impacted the supply of labor and the economy.
What is the estimated size of the union wage advantage. How might this advantage diminish the efficiency with which labor resources are allocated.
Full costing and variable costing. Calculate net income using full costing and calculate net income using variable costing.
What is the labor variance for the month. What is the labor efficiency rate for the month. Labour Variances & Labour Efficiency.
Where E is the effort level and N is the number of workers employed. If the firm can pay only one of the six wage levels shown, which should it choose. How many workers will it employ.
What do you think is the key to success in the soft drink industry. What chance do you think a company in another industry has in succeeding in its new venture into the soft-drink market.
The most Leisure John can get in a week is 168 hours. Regardless how many hours a week John works, he gets a $200 allowance from his father. What is his reservation wage.
Suppose that the country experiences an increase in its capital stock. How would the edgeworth box change. How would the production possibilities frontier change as a result.
In England each unit of wine requires eight hours of labor in its production and each unit of cloth requires four hours. The autarkic price of wine in terms of cloth in England.
How is the productivity of labor connected to the real wage. Why should you, as a future worker, be concerned about the downward trend in labor productivity increases that have been observed since
For the problem below, please show the productivity change for each category and then determine the improvement for labor-hours, the typical standard for comparison.
Please read the problem below and respond to (a) and (b) illustrating the work of how the answer was derived. What is the labor productivity per dollar.
Construct a monthly sales forecast for the firm for 2001. Why would the managers of the Chemical Company want monthly sales forecasts of this kind.
A construction manager earning $70,000 per year working for a regional home builder decided to open his own home building company. What is the yearly economic profit for the business.
Was the overhead under- or overapplied. By how much. What can be done with the difference. What should be done in this case. Give three examples of types of companies that would use Job Order Costing.