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Suppose you were given a choice to select from a menu of items in your employee benefits package. The menu might include medical coverage ($1,500 deductable), life insurance equal to a year's salary, vacation time based on length of employment with the company and retirement pay equal to 8 percent of income. Comment on how such a "flexible benefits package" would affect your preference between higher wages and more benefits. Use the theory of consumer behavior in your answer. Please answer in question in more than 250 words.
This is a managerial economics course. Please do not copy directly from the internet or chegg.com, if so I will not pay for this question.
Discuss the following – What feature (s) of Medicare would cause an economist to say that “Medicare stinks as insurance”? Medicare supplement insurance is available from the commercial market and most commonly covers ‘up-front’ deductibles and least ..
Suppose a monopolist is producing a level of output such that MR > MC. Which of the following best describes what will happen as the firm moves to its profit-maximizing equilibrium? Select one: a. Marginal revenue will rise and marginal cost will fal..
Assignment on The Net Exports Effect
Suppose Home economy produces 2 goods, Food and Cloth, using labor, land, and capital. Land is specific to the Food sector and capital is specific to the Cloth sector. Labor is the mobile factor implying that labor and land are used to produce Food; ..
The demand for Ford trucks
Beloit Co. is a manufacturer of? mini-doughnut machine makers. Early in 2015 a customer asked Beloit to quote a price for a? custom-designed doughnut machine to be delivered by the end of 2015. Once? purchased, the customer intends to place the machi..
Pat eats eggs and toast for breakfast and insists on having three pieces of toast for every two eggs he eats. Derive his utility function. If the price of eggs increases but we compensate Pat to make him just as "happy" as he was before the price cha..
When an economy experiences a one-time increase in productivity, there is an immediate increase in A) the saving rate B) consumption per worker C) the capital-labor ratio D) the depreciation rate
Per capita income in County A is $45,000. Per capita income in County B is $38,000. Physician visits average 3.4 per year in County A and 3.2 per year in County B. What is the percent change in the demand for visits?
Privatization in transition economies is often justified on the grounds of increasing. The text defines an economic system as. Which of the following legal forms of business organization provides for limited liability?
Say one has a large data set of cross-sectional data over a number of years (independently pooled cross section across time). If one regresses a subset of that large data set – a cross-sectional model for the data for one year with no year dummy vari..
Suppose that you borrowed $25,000 from a bank at a monthly interest rate of 2% compounded monthly to purchase a car. This loan is to be repaid in 24 equal monthly installments over two years. How much is the monthly installment? What would be the mon..
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