Labor demand and supply of labor is one of the external factors that impact compensation practices. If supply of labor is less than the labor demand, most employers offer to jobseekers. Higher rate Going rate Lower rate Market rate A clothing manufacturing utilizes Merrick's Multiple Piece Rate System that sets the standard output to 100 units per week and normal piece rate at 5 RO per unit. If Worker Z's actual weekly output is 100 units, solve earning per week.
Q: Find the GNP at factor cost if the GNP at market price is 3200 indirect taxes are 1400 and the…
A:
Q: Question 13 Given your answers above for Questions 10-12 (especially Q12), should the shop hire that…
A: Profit maximizing quantity of labor hired is when marginal revenue product is equal to the wage…
Q: ABC Company produces two types of cheese. The cheese spreads are packaged in 120-ounce containers,…
A: Two types of cheese: Regular (R) and Zesty (Z) Two types of cheese blend: Mild Cheddar (C) and Extra…
Q: All of the following are examples of noneconomic factors except: (a) Availability of resources (b)…
A: Non-economic factors are events, situations, or influences that can affect the economy but are not…
Q: Harry and Sally own a dog-walking service. Their service includes driving to their customer's homes;…
A: Given information Originally charged value=$20 Changed price=$15 Fixed cost=$350 per month Variable…
Q: If nontradable goods prices rise faster in country A than in country B, and tradable goods prices…
A: The economies around the globe are involved in the trading activities with each other. The nations…
Q: Which of the following is true regarding line-item budgets? a. Line-item budgets refer to to budgets…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: Please identify the statement that does NOT alert us that continued dependence solely upon fossil…
A: A fossil fuel is a fuel that is produced by normal cycles, like anaerobic deterioration of covered…
Q: Protests on Federal Government contracts may be made to all the following entities except:…
A: Protests on Federal Government Contracts may be made to the different forums.
Q: Identify the QS vs QD Price ($ per Quantity Demanded (units) 20 Quantity Supplied (units) 4. unit) 1…
A: We have given quantity demand and quantity supply schedules
Q: All of the following are examples of common fixed costs except Multiple Choice sales commissions…
A: Fixed cost are that cost which is fixed in nature , which is not changing so we can find the answer…
Q: contributed to health
A: Currently no techniques tend to exist for reliable detection of the early signs of ill health which…
Q: The company el Ahuehuete, S.A., shows you the data of the credit applicants. Without knowing the…
A: Giving credits to clients require analysis of income and expenses and depending on that credit may…
Q: of the cost Between 2008 and 2019, state support of public education in Texas of public education.…
A: The Foundation School Program (FSP) and the wealth equalization sections of the Texas Education Code…
Q: The government of Ghana comes out with a compensation programme for disabled workers which replaces…
A: When both Eric and Oscar worked full time for 40 hours a week, their total earnings would be: Eric:…
Q: Rise in the price of substitutes goods leads to: Contraction of demand Extension of demand Increase…
A: Hi. Since there are two questions, we will answer the first one.
Q: The cumulative learning curve coefficient CLCC(20, 0.8) is defined as follows:a. the cost to produce…
A: In a process with c(1)= 1 and a learning rate of 0.8, the cumulative learning curve coefficient…
Q: On September 2, 2021, the Malaysian government set a ceiling retail price of RM19.90 for COVID-19…
A: In a competitive market, the equilibrium price and quantity of a good are determined at a point…
Q: A workshop repairs failed engineering equipment and it will not be able to repair a given piece of…
A: Introduction Data has given of a workshop that is failed to repair engineering equipment's. Fault…
Q: How much will the hotel charge members of each group for the vacation package if it could identify…
A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: The town of Bookville has a massive public library system. Bookville's municipal government faces a…
A: Answer - Opportunity Cost - Opportunity cost is the cost which an individual has to forgo for when…
Q: In general, cultural diversity training should include four primary components. Which of the options…
A: Cultural Diversity training is a set of instructions for developing cultural competence and the…
Q: Work-related privileges accorded to female employees may be linked in employers’ consideration of…
A: Work-related privileges can be like providing maternity leave, a creche facility, a daily…
Q: Economists charged with the responsibility for performing a benefit–cost analysis encounter many…
A: Since the question you have posted consists of multiple parts, we will answer the first three parts…
Q: Visitor numbers to New Zealand usually decrease from the March quarter to the June quarter. If we…
A: A statistical approach known as a seasonal adjustment is used to balance out cyclical fluctuations…
Q: The workforce at Haines has been observed by management to have low morale. This unhappy condition…
A: Morale is the way of the person interact with each other. The important elements of morale are…
Q: Using the following variables: Company Sales Force Commission of 3% and $500,000 in…
A: Given the sales force commission =3% Break-even sales volume = $50 million
Q: Farm operations, especially the raising of food crops, have been exposed to many risks or…
A: Agricultural insurance Agricultural insurance is a policy in which the insured (farmer) pays a small…
Q: Larry was accepted at three different graduate schools, and must choose one. Elite U costs $50,000…
A: Here we calculate the Opportunity cost of the both college , so the calculation of the following by…
Q: 1)If Mr. Ramesh has the property rights for growing trees, what would be the socially optimum…
A: The Coase theorem postulates that when property rights are clearly defined, perfect competition…
Q: Employers are required to provide safe working environment and training but it is up to the employee…
A:
Q: Generally, those who have higher wages are people with more human capital. Hence, more schooling as…
A: Generally, those who have higher wages are people with more human capital. Hence, more schooling as…
Q: Lutfi was accepted at three different graduate schools, and must choose one. Elite U costs $50,000…
A: The economic Surplus for three graduate schools can be calculated as follows:
Q: What are the factors contributing to The Stolper-Samuelson Theorem’s discrepancies involving factor…
A: The Stolper-Samuelson Theorem states that international trade would raise the returns of the…
Q: If the market value of Firm A is 2.2 million and the replacement cost of capital is 605,500. Find…
A:
Q: Labor rate variance $ 4,000 favorable Labor efficiency variance $ 2,400 unfavorable Actual direct…
A: Total Standard direct Labor cost for the output shows the product cost of the company which…
Q: Answer the attached question
A: Break even point is the when the company's total sale equal to the total expenses. it means company…
Q: The power-take-off (PTO) connects an implement, such as a sprayer or mower, to a farm tractor and…
A:
Q: An internal study at Mimeo Corporation—a manufacturer of low-end photocopiers— revealed that each of…
A: Three photocopiers per hour is paid $6 for each, thus, $18 (3x6) is the initial payment per hour for…
Q: Q: Both wages and noncash benefits are subject to income tax. True False
A: A non-cash gain is the actual good, service or property you offer to your employee. This involves…
Q: An electronics firm produces two models of pocket calculators: the A-100 (A) and the B-200 (B). Each…
A: The time constraint for the electronic firm to produce two models of pocket calculators can be…
Q: If the market value of firm A is $1.5 million and the replacement cost of capital is $450,000, find…
A: Tobin's q is defined as the ratio of market value of a firm to the value of asset.
Q: of land from her patient. Which of the following is true? O Because the therapist has a fiduciary…
A: A fiduciary relationship implies the relationship in which one individual or party is supposed to…
Q: Latest statistics obtained from Board of Engineers Malaysia (BEM) official website states thatthere…
A: Figure 1. This is slightly below 10% of the total Graduate Engineers registered with BEM.Most…
Step by step
Solved in 2 steps
- Use the following to answer questions 76-80: Employee Benefits. The indifference curves in the graph below depict Shelly's preferences of wages and employee benefits. Shelly's annual value of marginal product is $45,000, and employers' cost of benefits is $1,000 per unit. Plot the wage-benefits curve in this example. Shelly chooses a job with employee benefit. O 10 15 20 O 25 wage (ths. 5/year) 23242525 40 30 20 15 10 h k h 05 10 15 20 25 30 35 40 benefits (units/year) units of theConsider a family where both the husband and wife work, and assume each spouse ha three more years to work (after the current year) before retirement. Following Table indicates the projected combined salary over the remaining working years if they each stay with their currentemployers. It also shows the combined salary they can expect if they relocate and change employers. Year Combined salaryat Current Job Combined salaryat New Job 1 $80,000 $83,000 2 $82,000 $87,000 3 $85,000 $92,000 Suppose the total cost of moving, including direct expenses, foregone earnings, and psychic costs(costs of leaving friends, coworkers, familiar surroundings, etc.) total $10,000. Assume all costs areincurred during the current year (year 0). a. If the discount rate is equal to the market interest rate of 6%, is this investment in mobility worthwhile?n Figure 6.4 depicted Maria's best response curve when the expected duration of unemployment was 44 weeks. Which of the following statements is correct? 1 Effort per hour 0.8 0.5 0 06 Select one or more: Slope = MRT Reservation wage 12 Feasible set 24 Hourly wage ($) Maximum possible effort Worker's best response curve when expected unemployment duration is 44 weeks If the expected unemployment duration increased to 50 weeks, Maria's best response to a wage of $12 would be an effort level above 0.5. O b. If the unemployment benefit was reduced, then Maria's reservation wage would be higher than $6. O c. Over the range of wages shown in the figure, Maria would never exert the maximum possible effort per hour. Od. Increasing effort from 0.5 to 0.6 requires a bigger wage increase than increasing effort from 0.8 to 0.9.
- Geralt works for Stregobor as a witcher earning $87,000 a year. He decides to quit his job andbecome a freelance witcher. As a freelancer, he spends $7000 on herbs and weapons. Insurancecosts him $1000 a year. He pays himself $145,000 as a salary. His total revenues for the year are$191,000. Based on this information, what were his economic costs as a freelance witcher?Mr. R is working from7:30 AM to 3:30PM including lunch break for 5 days every week in jewelry design shop. His main task is designing authentic men's jewelries. He agreed to be paid by piece rate of 15 OMR /design for 15 weeks. If his daily output is 10 designs, calculate total earnings. O ,050 OMR O 10,500 OMR O 750 OMR O 11,250 OMR Labor demand and supply of labor are external factors that impact compensation practices. If supply of labor is less than the labor demand, most employers offer to jobseekers. O Higher rate Going rate O Lower rate O Market rateYou are HR di, ector for a growing law firm in Tampa, Florida, which cu."ently has need of writing 30 legal briefs every hour. Each of your company's attorneys can write on average five briefs per hour. You are consid ring hiring four paralegals to shoulder the load; each pa alegal is a bit slower than the attorneys and can write on average only 2.5 briefs per hour. You scan the current wages in the Tampa area and notice that the attorneys in your company earn the local occupational median wage of $41.64 per hour, but that the prospective four paralegals will likely want to get paid their local occupational median wage of $23.66 per hour. a. Would /our company save money in the writing of the 30 legal briefs by hiring the four paralegals and firing some attorneys? b. The local Tampa Paralegal Union has observed that the Bureau of Labor Statistics projects that employment of paralegals over the next decade will rise considerably faster than the employment of lawyers…
- 1. PEDRO, a regular employee of a large Corporation, ABC, receives P1,000.00 per day. He worked for 8 hours - from 8 AM to 12 Noon, and 1 to 5 PM - on his Rest Day (a Wednesday), which was also declared a Special Day. . He was also required to work from 5 PM that Wednesday up to 1:00 AM the following day (Thursday). How much will the Total Wage that Pedro shall receive for the hours worked for those two days, Wednesday to Thursday?The Al-Maskri Company in Seeb makes flower pots and receives RO 10 for each finished pot. Mr. Al-Maskri’s only factors of production are flower pot machine operators (labor) and a small building where the laborers work from. The number of flower pots per day the company produces depends on the number of employee-hours per day as shown below. The wage is RO 15 per hour. Number of pots per day Number of employee-hours per day 0 0 5 1 10 2 15 4 20 7 25 11 30 16 35 22 Al-Maskri’s daily fixed cost for the flower pot making machine and building is RO 60. Complete the following Table showing total revenue, variable cost, total cost, and daily profit for various quantities of daily flower pot production. Quantity of Pots per day Total Revenue RO per day Variable Costs RO per day Total Costs RO per day Profit RO per day 0 0 0 60 -60 5 75 -25 10 15…Income $560 $320 B 60 40 0 Work T Suppose this worker's union negotiates an increase in the straight-time wage from $8 to $9.33 per hour with no bonus for overtime. This plan would allow earnings of $560 at 60 hours per week. Assuming this worker can freely choose the number of hours worked, he will choose to work more than 60 hours per week. 60 hours per week. more than 60 hours per week if the income effect dominates; less otherwise. fewer than 60 hours per week. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure.
- JosephmigratedtoCanadafromGhana5yearsago.Hecurrently works in sales but is considering quitting work for two years to earn an MBA degree. His current job pays $40,000 per year (after taxes), but he could earn $55,000 per year (after taxes) if he had an MBA. Tuition is $10,000 per year, and the cost of an apartment near campus is equal to the $10,000 he is currently paying. His discount rate is 6 percent per year. He just turned 48 and plans to retire when he turns 60, whether or not he earns his MBA degree. Based on this information, should he go for an MBA degree? Explain carefully with appropriate calculations.Workers 1 2 3 4 MRP 5 6 7 A) 3 workers 20 18 16 14 12 If the wage rate decreases from $21 to $13, by how much will the firm expand employment? B) 2 workers C) 5 workers $24 D) 4 workers 22 22How the SINDH Rural Support Organization (SRSO) devoplop training design for there employees?. In detail plz