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Employees at the QuickFast car factory have access to a generous retirement pension once they turn 65. Employees can work a maximum of 365 days a year, and they earn $150 per day. Once they turn 65, employees receive a retirement benefit of $25,000 per year if they stop working completely. If they continue to work after age 65, their retirement benefit is reduced by $0.40 for every dollar they earn at work. Employees at the QuickFast car factory have no other non-labour income.
What effect do you expect this pension to have on employees' labour supply decisions? Do you expect them to work more or less after they turn 65? Explain your answer with reference to substitution and income effects, and illustrate your answer with a carefully labelled graph.
Describe and discuss your price elasticities for such products and discuss the movement of your demand for such a good when the price of that good rises. Share with your classmates whether your demand for the selected good is elastic, unit elastic, o..
Q =10 - 2P and supply function: Q = 5 - 3P. Given the market price 4 what is the quantity traded in the market?
Which government policy would be more effective at increasing output per capita (if such a policy was available):
Suppose you have a demand function given by: Q = 360 ? 2P. What is the price elasticity of demand when the price is P = $20? You will have to use the point elasticity formula.
What rate of return would you expect on a 1 year treasury security, assuming the pure expectation theory is valid? use arithmetic average.
What are the advantages and disadvantages of activity based funding?
In what type of situations would you recommend the use of WDS and in which you would not Provide an example of each type of situation.
How do budgetary changes (increases or decreases) affect the community? How does the policy budget process in your selected state impact the health care environment? Give specific examples.
a) Compute the doubling time. b) Estimate the world population in 2048 and 2093 (assuming all other things remain unchanged).
Does the corporate social responsibility go beyond just maximizing profit for investors? Can a capitalistic market economy survive if corporations do not practice Social Responsibility? CSR includes responsibility to the community, employees, supplie..
Calculate the percentage change in nominal gdp, real gdp and the gdp deflator in 2008 and 2009 from the preceding year. for each year identify the variable that does not change. explain in words why your answer make sense.
Find the two roots of each of the following quadratic functions (that is find the two X values that make Y = 0). This skill may be useful in assignment 11.
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