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Question: Many firms offer employees various "perks" for working for their firm. Often times these benefits are in the form of discounts at restaurants, movie theaters, zoos, museums, etc. You collect data and estimate the following hedonic wage function W = 20 - 2Z where w is earnings and z is the number of discounts. Is the function consistent with the theory we presented about job characteristics?
What is the maximum number of education levels that a low-ability worker can choose with positive probability in any equilibrium?
1. in problem 1 if charlies utility function were x5axb if apples cost 70 cents each and if bananas cost 10 cents each
1. Suppose that government policymakers decide that they will change taxes to raise aggregate output by $400 billion, and mpc=0.5. By how much will taxes have to be changed?
2.One dollar currently buys 3 pounds on the foreign exchange market. In a week's time it is expected to buy 5 pounds. Is the dollar expected to appreciate or depreciate with respect to the pound? Answer the same question assuming that the doll..
Discuss why you believe these limitations are adequate or if you believe they should be increased. If you believe they should be increased, state what could be accomplished by increasing the penalties.
Between 1830 and 1890, the height of the average adult male in the United States declined by about two inches at the same time that average incomes more than tripled. Did the standard of living in the United States increase during this period? Wha..
thenbspfederal reserve controls the three tools of monetary policy-open market operations the discount rate and the
An unmarried taxpayer with no dependents expects an adjusted gross income of 70,000 in a given year. His non business deductions are expected to be 6000. What will his federal income tax be?
What levels of G and T are needed to both move to full employment at Yf and balance the budget? Now assume economy is operating at full employment and that the budget is balanced. Suppose that the government imposes an income tax with a marginal t..
How would you engage your audience to persuade employees to implement and adhere to the policy? What are the strategies you recommend be employed to measure the effectiveness of the policy?
A friend tells you that you should never be a patient in a teaching hospital because the death rate among patients in teaching hospitals is higher than in other hospitals. (b) Write down a regression equation where the dependent variable is the death..
Write a one page response to the following statement: "U.S. regulators should enforce antitrust laws against the Microsoft Corporation."
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