In Ann Arbor, there are two types of workers. Each Low Productivity worker has a constant marginal product worth $10 and each High Productivity worker has a constant marginal product worth $25 per hour. Both work 100 hours per month. A lecture series on art is being offered at the university. These lectures have no effect on productivity, and each hour of lecture is just as bad as a $100 per month wage cut for a High Productivity worker and as bad as a $300 per month wage cut for a Low Productivity worker. In a separating equilibrium, those who attend at least h hours of lecture will receive a wage of $25 per hour worked and those who do not will receive a wage of $10 per hour worked. For which value of h will there be a separating equilibrium?
a. 2
b. 10
c. 16
d. 20
e. 4
Answers: 3
Business, 22.06.2019 06:00
Suppose that a monopolistically competitive restaurant is currently serving 260 meals per day (the output where mr
Answers: 2
Business, 22.06.2019 11:30
Which of the following is not an example of one of the four mail advantages of prices on a free market economy
Answers: 1
Business, 22.06.2019 11:40
In each of the following, what happens to the unemployment rate? does the unemployment rate give an accurate impression of whatβs happening in the labor market? a.esther lost her job and begins looking for a new one.b.sam, a steelworker who has been out of work since his mill closed last year, becomes discouraged and gives up looking for work.c.dan, the sole earner in his family of 5, just lost his $90,000 job as a research scientist. immediately, he takes a part-time job at starbucks until he can find another job in his field.
Answers: 2
Business, 22.06.2019 14:10
Location test: question 1 of 54)water is a solvent because itoa. is made of moleculesob. dissolves many substancesc. is a saltd. has a large buffering capacity
Answers: 1
In Ann Arbor, there are two types of workers. Each Low Productivity worker has a constant marginal p...
Mathematics, 07.03.2020 02:53
Mathematics, 07.03.2020 02:53
History, 07.03.2020 02:53
Mathematics, 07.03.2020 02:53