Please solve full questions As a part of their benefits program, Lonny's Grocery Store offers its employees a PTOpackage that does not specify the amount of sick or vacations days that must be taken.Their leave policy is flexible in nature.This is an example ofO work-life effectiveness.O a repayment plan.O compensation.O financial recognition.O reimbursement.In a classroom setting, a student targeting to do well on an exam or to outperform herpeers in her presentation group are both examples ofO a focal point.O goal orientation.O clarity.O intensity.O direction.Alejandra has been drafted to a disaster relief team at work that includes all departmentmanagers. Currently they are at odds over who should lead the team, members arefrustrated and processes are being tested.This team is in what phase of development?O adjourningO stormingO buildingO formingO norming

Dear student, you have asked multiple questions in a single post. In such a case, I will be…

As a part of their benefits program, Lonny's Grocery Store offers its employees a PTO package that does not specify the amount of sick or vacations days that must be taken. Their leave policy is flexible in nature. This is an example of O work-life effectiveness. O a repayment plan. O compensation. O financial recognition. O reimbursement.

As a part of their benefits program, Lonny's Grocery Store offers its employees a PTO package that does not specify the amount of sick or vacations days that must be taken. Their leave policy is flexible in nature. This is an example of O work-life effectiveness. O a repayment plan. O compensation. O financial recognition. O reimbursement.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter8: Market Failure

Section: Chapter Questions

Problem 9P

See similar textbooks

Similar questions

Bruce and Eve currently live in Tulsa. Bruce currently earns $30,000 per year while Eve earns $40,000 per year. Bruce has family in Tulsa, so he has a higher moving cost ($25,000) than Eve ($10,000). Let’s assume that each person lives for 4 periods and have the same discount rate (0.1). (a) Calculate Bruce and Eve’s present value of earnings if they both stay in Tulsa. (b) Recently, Bruce received a job offer in Denver earning $40,000 while Eve got a job offer for $50,000. (1) Would Bruce move if he were single? Explain your reasoning. (2) Would Eve move if she were single? Explain your reasoning. (3) Will they move as a married couple? Explain your reasoning. (c) Suppose that Bruce and Eve only live for two periods now. Re-do part b. Explain why youranswers changed.
3 Imagine that the wage-schooling locus is given by w(s)=s^(1/3). What will be the optimal level of education for an individual to take if next period’s earnings in any given time are worth 95% of current earnings for that individual? ---- HINT: the answer is s=20/57. I need step by step solution
a. Why would a firm ever choose to offer profit-sharing to its employees in place of paying piece rates? b. Describe the free-riding problem in a profit-sharing compensation scheme. How might the workers of a firm “solve” the free-riding problem?
Q) Suppose that utility for a worker is u(w)=w^.5. If the wage (w) offered is $64, there is a 50% chance of being fired, and switching costs are $28. What is the expected utility for the worker? Explain it early
ASAP Consider an income guarantee program with an income guarantess of $6000 and a benefit reductions rate of %50. A person can work up to 2000 hours per year $8 per hour. a. Draw the person’s budget constraint with the income guarantee. b. Suppose that the income gurantee rises to $9000 but with a 75% reduction rate. Draw the new budget constraint. c. Which of these two income guarantee programs is more likely to discourage Work? Explain.
Consider the representative consumer who decides consumption and leisure. Theenvironment is the same as in Lecture 5. Keep the same notation. The preference is givenby U (C,L) = αln C + (1 −α) ln L. Assume h = 1, i.e., the time endowment is one day.(a) Write down the utility maximization problem.(b) Derive the demand for consumption and the supply for labour.(c) Suppose the non-wage income π −T increases while the wage rate w falls at the sametime. The size of the changes can be different. Determine the effects on consumptiondemand and labour supply (i.e., leisure demand). Use the indifference map to explainyour results in terms of income and substitution effects for the following cases:(i) The increase in π −T exactly cancels out the drop in w, i.e., |∆ (π −T)|= |∆w|.(ii) The increase in π −T is greater than the drop in w, i.e., |∆ (π −T)|> |∆w|.(iii) The increase in π −T is smaller than the drop in w, i.e., |∆ (π −T)|< |∆w|.(d) Suppose the utility function is Cobb-Douglas: U…
Question 2Consider the case of Jonathan, who is a singlefather with one child. He can work as a serverfor $6 per hour up to 1,500 hours per year. Heis eligible for welfare and can receivegovernment support of $10,000 for notworking at all. If he works 1,500 hours, hisearnings would be______ and governmentsupport would be______.O a) 2.000; 8,000O b) 3,000; 7,000O c) 9,000; 1,000O d) 10,000; 0
Question Recently, the owner of KFC Franchise decided to change how she compensated her top manager. Last year, the manager received a fixed salary of $50,000 and KFC made $110,000 in profits (excluding the manager’s compensation). She feared that her store’s performance was connected to the top manager shirking on the job and expected that changes to her top manager’s compensation structure would improve sales. Therefore, this year she decided to offer him a fixed salary of $40,000 plus 5 percent of the store’s profit. Since the change, the store is performing much better, and she forecasts profits this year to be $300,000 (again, excluding the manager’s compensation). Assuming the change of compensation is the reason for the increased profits, and the forecast is accurate, how much more money will the owner make (net of payment to her top manager) because of this change? Does the manager make more money under the new payment scheme?
No written by hand solution 2. Fringe benefits: a. As you might have suspected, employee nonwage (fringe) benefits make up a much larger percentage of labor costs in the United States today than they did a few generations ago (refer to Table 3.1 in the textbook). Fringe benefits as a form of labor compensation is also very unique to the U.S. and other developed nations. Do you think that the growing fringe benefit share of labor costs has made the level of employment more responsive or less responsive to changes in labor demand over the ups and downs in the overall economy? In other words, has it given the employers of labor more or less flexibility as they try to adapt to continuously changing economic conditions?
Need Step by Step answer: How to draft on Excel. Because Income depends on work effort and work effort depends on nutrition, suppose the relationship between income (Y) and total food availability (F) in a poor household is given by: Y = 10F + 20F2 – 0.6F3 a) If food availability in a two-person household is 20, would it be “rational” to share the food? Explain. b) If food availability in a two-person household is 30, would it be “rational” to share the food? Explain.
Jill is planning the timing of her on-the-job training investments over the life cycle. What happens to Jill’s OJT investments at every age if a. The market-determined rental rate to an efficiency unit falls? b. Jill’s discount rate increases? c. The government passes legislation delaying the retirement age until age 70? d. Technological progress is such that much of the OJT acquired at any given age becomes obsolete within the next 10 years?
Determine whether each of thefollowing would increase or decrease the opportunity costs formothers who choose not to work outside the home. Explain youranswers.a. Higher levels of education for womenb. Higher unemployment rates for womenc. Higher average pay levels for womend. Lower demand for labor in industries that traditionally employlarge numbers of women