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Q: Which of the following people would be classified as unemployed by the Bureau of Labor Statistics…
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- 5. 7) Fifteen years ago, the town of Easton decided to increase its annual spending on education so that its high school graduates would be able to earn higher wages. Now Easton has asked you to evaluate the effectiveness of the spending increase. Their data show that before the spending increase, the average salary of recent high school graduated was $25,000 and that now the average salary has risen to $28,500. Fortunately for your analysis a neighboring community did not change its annual spending on education. In the other town 15 years ago high school graduates earned an average of $22,500, and now the average is $23,750. a) Use a differences-in-differences estimator to determine whether Easton’s spending increase potentially caused the wages of high school graduates to rise. b) What underlying assumption do you have to make in order for your estimate to be valid? What might cause that underlying assumption to not be valid?There is a bar on Off‐Main Street called the Rock‐n‐Roll Bar. All the people that go to that bar like to listen to rock‐n‐roll music, and they love live bands. If the bar owner brings bands in to play music on a Saturday night, she will make a lot of money. However there are tenants in this building who get annoyed by the loud music. The benefits/costs to the owner/tenants of having zero, one, two or three bands on a Saturday night are listed in the attached table. Assume the tenants have the right to be free of loud music enforced through a property rule. If transaction costs were $90, split between the bar owner and the tenants, how many bands would play? What would social welfare be? A) Two bands would play and social welfare would be 75. B) Two bands would play and social welfare would be ‐25. C) No bands would play and social welfare would be zero. D) No bands would play and social welfare would be ‐90. E) One band would play and social welfare would be 25.There is a bar on Off‐Main Street called the Rock‐n‐Roll Bar. All the people that go to that bar like to listen to rock‐n‐roll music, and they love live bands. If the bar owner brings bands in to play music on a Saturday night, she will make a lot of money. However there are tenants in this building who get annoyed by the loud music. The benefits/costs to the owner/tenants of having zero, one, two or three bands on a Saturday night are listed in the attached table. If the tenants have the right to be free of loud music enforced through a property rule, how many bands will play in Rock‐n‐Roll Bar on a Saturday night? A. Zero B. One C. Two D. Three E. It depends on transaction costs
- There is a bar on Off‐Main Street called the Rock‐n‐Roll Bar. All the people that go to that bar like to listen to rock‐n‐roll music, and they love live bands. If the bar owner brings bands in to play music on a Saturday night, she will make a lot of money. However there are tenants in this building who get annoyed by the loud music. The benefits/costs to the owner/tenants of having zero, one, two or three bands on a Saturday night are listed in the attached table. Assume the bar owner has the right to hire as many bands as she likes. If transaction costs were $90, split between the bar owner and the tenants, how many bands would play? What would social welfare be? A. Three bands would play and social welfare would be ‐100. B. Two bands would play and social welfare would be 75. C. Two bands would play and social welfare would be ‐15. D. No bands would play and social welfare would be 0. E. Three bands would play and social welfare would be ‐190There is a bar on Off‐Main Street called the Rock‐n‐Roll Bar. All the people that go to that bar like to listen to rock‐n‐roll music, and they love live bands. If the bar owner brings bands in to play music on a Saturday night, she will make a lot of money. However there are tenants in this building who get annoyed by the loud music. The benefits/costs to the owner/tenants of having zero, one, two or three bands on a Saturday night are listed in the attached table. Assume the tenants have the right to be free of loud music enforced through a property rule. If transaction costs were $90, split between the bar owner and the tenants, how many bands would play? What would social welfare be? A) Two bands would play and social welfare would be 100 B) Two bands would play and social welfare would be 75 C) No bands would play and social welfare would be -15 D) No bands would play and social welfare would be 0 E) One band would play and social welfare would be -190There is a bar on Off‐Main Street called the Rock‐n‐Roll Bar. All the people that go to that bar like to listen to rock‐n‐roll music, and they love live bands. If the bar owner brings bands in to play music on a Saturday night, she will make a lot of money. However there are tenants in this building who get annoyed by the loud music. The benefits/costs to the owner/tenants of having zero, one, two or three bands on a Saturday night are listed in the attached table. Does the number of bands playing on a Saturday night depend on how many tenants there are in the building? (Assume that the costs described in the table above refer to the total costs to tenants, not the cost to each tenant.) A. Maybe, due to possible transaction costs B. No, since they see the owner often and it is easy to negotiate C. Yes because it makes an agreement harder to enforce D. No, due to the free‐rider theory
- what is author “Craig VanGrasstek,” definition of WTOSuppose you are the controller of a University. The university president is preparing for her annual fund-raising campaign for 2021-2022. To set an appropriate target, she has asked you to prepare a budget for the academic year 2021-2022. You have collected the following data for the current year 2020-2021: Undergraduate Division Graduate Division Average annual salary of a faculty member $ 58,000 $ 58,000 Average faculty teaching load in semester credit-hours per year (eight undergraduate courses or six graduate courses) 24 18 Average number of students per class 30 20 Total enrolment (full-time and part-time students) 3,600 1,800 Average number of credit hours registered each year per student 25 20 Full-time load, semester hours per year 30 24 For 2021-2022, all faculty and staff will receive a 6% salary increase. Undergraduate enrolment is expected to decline by 2%, but graduate enrolment is expected to increase by…Firms in India are losing productivity because of Facebook. Office staff are spending too long on the social networking site. According to the Associated Chambers of Commerce and Industry, employees use Orkut, Facebook, Myspace and LinkedIn for many purposes. On an average, employees spend a hour a day on sites like Facebook. This reduces productivity by 12.5%. Nearly half of office employees accessed Facebook during work time. Some 83% saw nothing wrong in surfing at work during office hours. In September 2009 Portsmouth City Council in England banned staff from accessing Facebook on its computers when it was discovered that they spent on an average, 400 hours on the site every month. Questions: What is meant by productivity? Analyze the impact on a fall in productivity on costs? Analyze the possible consequences for businesses in India of banning access to Facebook and other social networking sites. Do you think such access should be denied?
