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Question: Optimal unemployment insurance: Consider the following two proposals to reform unemployment insurance. Explain the arguments for and against each reform.
(a) The insurance payment would be increased so that it replaced 100% of a worker's regular labor income for 26 weeks.
(b) Each worker would be paid a lump sum equal to 10 weeks of his or her labor income at the start of the spell of unemployment. There would then be no other payments.
Propose two (2) applications of the knowledge that you have learned in Economics 550 at Strayer University to your current or a future position.
Why do producers have more interest in government regulations than consumers do? Compare and contrast the public-interest and special-interest theories of economic regulation.
Describe what happens to the total product of a firm when marginal product is increasing, decreasing, and negative.
The Silver Company uses a predetermined overhead rate to apply manufacturing overhead to jobs. The predetermined overhead rate is based on labor cost in Dept. A and on machine-hours in Dept. B. At the beginning of the year, the company made the follo..
Eds building company has the production function q=20L - L^2. L is the quantity of labor Ed employs. 1. Find marginal production of labor and the average product of Labor 2. For what value of L is MPl greater than 0? For what values is it diminish..
Compute the four ratios above for your company and determine which rating is closest for each ratio (the numbers in the table are medians, not floors and ceilings) and "Guess" what the company's overall rating would be based on the four ratios.
Public utilities such as electricity are referred to as natural monopolies and are often subject to regulation by a state authority
Equilibrium occurs at an employment level L* and a wage w*, so that the labor market clears. That is, supply is equal to demand: Ls = Ld.
Do you think that national governments should incorporate a monetary estimate of the value of household production in national accounting statistics?
retailers such as neiman marcus and rei have generous return policies. other retailers provide price-match guarantees
research in developing countries indicate that the incidence of child labor actually rose in some countries as incomes
Bootstrap the data, and inspect the bootstrap distribution of the mean. Does it suggest that a t interval should be reasonably accurate? Calculate the bootstrap t 95% interval.
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