FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assume that a labor market has the following supply and demand functions: L3=193+7W LD=572-3w where W is the wage. Insurance is added as a benet

image text in transcribed
image text in transcribed
Assume that a labor market has the following supply and demand functions: L3=193+7W LD=572-3w where W is the wage. Insurance is added as a benet for employees. Employers pay $13 per employee for insurance and the employees value the insurance at $11. What is the amount the employer pays after insurance? ROUND TD TWO DECIMAL PLACES

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Macroeconomics Policy And Practice

Macroeconomics Policy And Practice

Authors: Frederic Mishkin

2nd Edition

0133424316, 978-0133424317

More Books

Students also viewed these Economics questions

Question

★★★★★
Suppose that health care is provided privately in a free market and families are responsible for paying for polio vaccinations for their children. The following supply and demand diagram shows the...

Answered: 1 week ago

Question

★★★★★
The section of the balance sheet that changes with the type of company is: a assets b current liabilities c long term liabilities d owners equity

Answered: 1 week ago

Question

★★★★★
Each entering customer must be served first by server 1, then by server 2, and finally by server 3. The amount of time it takes to be served by server i is an exponential random variable with rate i,...

Answered: 1 week ago

Question

★★★★★
The following information was taken from the financial statements of Tolbert Inc. for December 31 of the current fiscal year: Common stock , $20 par (no change during the year).... $10,000,000...

Answered: 1 week ago

Question

★★★★★
Please help me with this Java question. We are given a code to work with and please use Java 8 to answer the question. Here is a code we are given to work with. import java.io.*; import java.math.*;...

Answered: 1 week ago

Question

★★★★★
Donoho suggests that the use of code for carrying out analyses was critical to the development of data science as a science. What did the use of code for analysis eliminate? The need to open source...

Answered: 1 week ago

Question

★★★★★
huck and his employees have discussed redesigning the process to improve efficiency. Suppose they can increase the rate to 320 boxes per day. What will be their new productivity

Answered: 1 week ago

Question

★★★★★
Free-Response Questions 1. Suppose there are 100 residents on the island of Sunshine. Whenever someone purchases a palm tree to plant on the island, everyone on the island receives the same benefits...

Answered: 1 week ago

Question

★★★★★
manufacturing has its challenges, especially when the product is high production quantities at low margins. This has made quality inspection more common place in manufacturing processes. Which points...

Answered: 1 week ago

Question

★★★★★
Refer to Step 3.3. In the "Constrained" or "Long Only" version of the optimal risky portfolio, what is the portfolio standard deviation? answer as a percentage, with no percentage symbol ("%"),...

Answered: 1 week ago

Question

★★★★★
As a security operative for a Fortune 1000 company, how would I protect my organization's assets?

Answered: 1 week ago

Question

★★★★★
A project under consideration has an internal rate of return of 18% and a beta of 0.5. The risk-free rate is 6%, and the expected rate of return on the market portfolio is 18%. a. What is the...

Answered: 1 week ago

Question

★★★★★
9. Take four examples from your own everyday life where someone has tried to influence you. Which of the seven influencing techniques mentioned above were used? Did they use any other influencing...

Answered: 1 week ago

Question

★★★★★
10. First test yourself and then let another member of the group test you in relation to the following questions. If deviations occur, discuss why this might be. What can the results of this test be...

Answered: 1 week ago

Question

★★★★★
5. Based on your desired future, answer the following questions: (a) What do you want, i.e. what goals have you set yourself? Set up three goals in order of priority. (b) Why do you want this? (c)...

Answered: 1 week ago

Previous Question Next Question