What is the highest cost of migration that worker is willing

Reference no: EM13239832

Suppose a worker with an annual discount rate of 10 percent currently resides in Pennsylvania and is deciding whether to remain there or to move to Illinois. There are three work periods left in the life cycle. If the worker remains in Pennsylvania, he will earn $20,000 per year in each of the three periods. If the worker moves to Illinois, he will earn $22,000 in each of the three periods. What is the highest cost of migration that a worker is willing to incur and still make the move?

Reference no: EM13239832

Questions Cloud

Explain what was the origional nuclide : An unknown nuclide decays by elimination of 2 alpha particles followed by a positron. Bombarding this decay product with a 6Li nucleide creates the single nuclide Pb-207. What was the origional nuclide

How does the market price change and what happens to profits : A firm in a perfectly competitive industry is making losses in the short run. (i) Sketch a ‘typical' firm's Average Cost and Marginal Cost curves and in the diagram show a possible price at which the firm would produce in the short run, but make l..

Find the average difference in the air pressure : The wing of an airplane has an average cross-sectional area of 11 m2 and experiences a lift force of 86,000 N. What is the average difference in the air pressure

Make use of the lowest possible whole number coefficients : When the following reaction is balanced in basic solution using the lowest possible whole number coefficients, the coefficient of H2O will be: H2O2(aq) + ClO2(aq) --> ClO2-(aq) + O2(g)

What is the highest cost of migration that worker is willing : Suppose a worker with an annual discount rate of 10 percent currently resides in Pennsylvania and is deciding whether to remain there or to move to Illinois. There are three work periods left in the life cycle.

Determine the angle of the velocity vector of the package : An airplane with a speed of 76.6 m/s is climbing upward at an angle of 49.5 ° with respect to the horizontal, Relative to the ground, determine the angle of the velocity vector of the package just before impact

Define the ph of the solution at the equivalence point : What is the pH of the solution after 50.0 mL of base has been added? What is the pH of the solution at the equivalence point

Estimate salvage value after four years of operation : Nan King Furniture owns and operates an industrial lift truck in their warehousing operation. The record indicates that the lift truck was purchased four years ago at $12,000. The estimate salvage value is $3,000 after four years of operation.

Explain how many grams of dry nh4cl need to be added : How many grams of dry NH4CL need to be added to 2.30 L of a 0.400 M solution of ammonia,NH_3 , to prepare a buffer solution that has a pH of 8.53? Kb for ammonia is 1.8*10^-5.

User Account

All Pages