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Suppose that the way that the workers’ compensation system currently works is that an employee permanently injured on the job receives a payment of $X a year each year, regardless of whether he works or not. Suppose the government implements a reform of the program in which those permanently injured workers who did not work at all get a payment of $X/2 a year and those that do work receive a payment of $X/2 per year plus an additional payment of $1.00 an hour for each hour they do work (above and beyond the wage that their employers pay them). Would hours of work for permanently injured workers likely increase or decrease under the reformed program? In answering this question assume that all permanently injured workers can earn a wage of $W an hour.
Suppose that you were an industry analyst trying to determine if the leading firms in the automobile manufacturing industry are playing a tit-for-tat pricing game. What real world data would you want to examine? What would you consider to be evidence..
Explain how large an income tax cut is needed Alternatively Explain how much more government spending would achieve the target.
Show an expression for average cost. Derive an expression for marginal costs. Is there any range of production characterized by scale of economies.
Which of the following sentences contains an incorrect use of an adjective or adverb?
What is the relationship between the ethical obligation of honesty and truth telling? Is it ever proper to not tell someone something he or she has a right to know? If so describe under what circumstances this might be the case How does this square w..
An individual, who has income I, cares only about two goods: X and Y. Their prices are Px and Py, respectively. The individual's utility function is U(X,Y)=aln(X)+(1-a)ln(Y).
When the absolute value of the own price elasticity of demand is zero, demand is:
q.pham can work as many or as few hours as she wants at the college bookstore for 9 per hour. but due to her hectic
Suppose that a person invest 3000$ at 10% per year, compounded annually, for 8 years. (a) will this effectively protect the purchasing power of the original principal, given an annual inflation rate 8%? If so by how much
The Employment and Training Administration reported that the U.S. mean unemployment insurance benefit was $238 per week. A researcher in the state of Virginia anticipated that sample data would show evidence that the mean weekly unemployment insuranc..
You have discovered that when the required rate of return on a bond you own fell by 0.5 percent from 8.9 percent to 8.4 percent, the fair present value rose from $945 to $955. What is the duration of this bond? Assume annual payments.
As your client is intent on investing aggressively, you will want to include the "beta" associated with each instrument relative to the S&P 500 Index.
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