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Many large corporations in Hong Kong provide insurance subsidies for their staffs.The staffs are restricted to use the subsidies to buy insurance from any insurance company. Assume there are only two types of goods in the consumption bundle: insurance and other goods. Suppose the salary of a representative staff is I and the insurance subsidy is S in addition to the salary.
a. Draw and explain the budget constraint line of the above representative staff. Let insurance be on the horizontal axis and other goods on the vertical axis.
b. Suppose that the insurance policy is changed so that the insurance subsidy S is changed into an equal-amount cash allowance. Under what circumstance will the optimal consumption bundle change? Will the staff be better off? How can I use a diagram to explain my answer?
What market structure will Katrina's Candies operate if the above condition prevails?
explain the four factors for production that influence a countrys standard of living and ultimately a persons quality
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However, what is usually left out in discussing these programs is the cost and the analysis that is pertinent to evaluating the costs of these programs.
You must fly to another city for a Friday meeting. If you stay until Sunday morning your ticket will be $200, rather than $800. Hotel costs are $100 per night.
What is the likely effect on equilibrium price and quantity if orange growers experience an extended period of bad weather
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explain game theory optimal decision making analyzing payoffs and dominant strategyare large banks fragile or
3.5. In the economy of Kaushi Toivo David Anguuo, autonomous consumption expenditure is N$185 million, and the marginal propensity to consume is 0.75. Investment is N$150 million, government expenditure is N$100 million, and net taxes are N$80 millio..
Define and explain how each indicator above measures performance of the economy. Describe and explain performance trends of the economy. Research and explain Government's measures adopted to achieve the production output performance.
Do you think should be revised the most during a job redesign intervention? Which ones do you think do not need to be revised? Explain your reasoning and cite some of the required readings in your answer.
The monthly "household survey" of unemployment conducted for the Bureau of Labor Statistics of the U.S. Department of Labor for is discussed athttp://www.bls.gov/news.release/empsit.nr0.htm.
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