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After graduating from UCR with a stellar degree in economics, Jack is going to work at WorldWideWidgets. He gets to design his own compensation package in terms of the balance of base salary and commission. Base salary without commission is $20,000. Jack knows his monthly sales are random, being equally likely to be $10,000 or $35,000. He is to choose his commission level β, 0 ≤ β ≤ 1; given this choice, Jack's monthly income will be Sβ + 20, 000(1 - β), where S is the realized level of sales that actually happens. Jack is an expected-utility decision maker, with utility function u(y) = sqrt(y), where y is the realized monthly income Jack receives.
Calculate the utility-maximizing commission rate for Jack to choose.
What is the size of the labor force in the United States for the given year? What is the unemployment rate in the United States for the given year?
What was the rate of inflation in 2014 from 2013 and what was the % increase in your "real wage" over this three period?
1. the information below describes the real gdp per capita for the country of utopia for the period of 1975 to
Elasticity of GDP per worker with respect to capital per worker = 0.25 Capital per worker grows at a rate of 4% per year. Technology advances at a rate of 5% per year.
in recent years the u.s. labor force has experienceda. an increase in the percentage of manufacturing workersb. an
For the 2nd quarter of 2011, identify the estimate for the current dollar value of Gross Domestic Product for the USA and explain in words what this number measures.
Compute the intercept of the budget line on the "movie ticket" axis. c. Compute the intercept of the budget line on the "DVD rental" axis. d. Find the slope of the budget line when movie tickets are on the vertical axis and DVD rentals are on the hor..
Alexander is involved in a dispute related to his business. Alexander is considering legal action. Why may it be financially advantageous to alexander's business to avoid litigation and mediate the case
The annual rate of growth of real GDP in a developing nation is 0.3%. Initially, the countries' population was stable from year-year. Recently, however, a significant increase in the nation's birth rate has raised the annual rate of population growth..
SSL is an acronym for Secure Sockets Layer, an encryption technology that was created by Netscape. SSL creates an encrypted connection between your web server and your visitors' web browser allowing for private information to be transmitted withou..
Determine what factors might contribute to a low level of productivity in an economy and compare these to rapid productivity growth experienced through the US during the 1990s.
suppose that walhmart and target are independently deciding whether to continue using bar codes or switch to rfid
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