El Regional Unemployment rate Variable Entrance requirement 6.0% and under.. 700 hours 6.1% to 7.0%.... 665 hours 7.1% to 8.0%... 630 hours 8.1% to 9.0%... 595 hours 9.1% to 10.0%... 560 hours 10.1% to 11.0%. 525 hours 11.1% to 12.0%... 490 hours 12.1% to 13.0%..... 455 hours More than 13.0%.... 420 hours During COVID, when the unemployment rate hit 11.5%, the number of hours needed to qualify for El was?

El Regional Unemployment rate Variable Entrance requirement 6.0% and under.. 700 hours 6.1% to 7.0%.... 665 hours 7.1% to 8.0%... 630 hours 8.1% to 9.0%... 595 hours 9.1% to 10.0%... 560 hours 10.1% to 11.0%. 525 hours 11.1% to 12.0%... 490 hours 12.1% to 13.0%..... 455 hours More than 13.0%.... 420 hours During COVID, when the unemployment rate hit 11.5%, the number of hours needed to qualify for El was?

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter2: The One Lesson Of Business

Section: Chapter Questions

Problem 2.6IP

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The state government works with local employers to develop training programs to ensure student's skills will better match the skills demanded by employers. This can be expected to _____ labor productivity. Additionally, because worker skills have improved we can expect wages paid by employers to _______. Group of answer choices increase : increase increase : decrease decrease : increase decrease : decrease
Case B: Jessie Pharmacy. Jessie, a pharmacist, is planning on opening her own pharmacy. Jessie Pharmacy is expected to generate yearly revenue of $500,000. Jessie will run the pharmacy herself on full-time basis. Jessie’s alternative employment options are as follows: Continue to work as a senior medical representative for $50,000 per year. Accepts a research position in another company for $70,000 per year. Jessie expects to spend $350,000 per year on purchasing drugs and cosmetics for resale to her customers. She will also need to hire three employees: an assistant, an accountant and a custodian, for whom the total salaries to be paid are expected to be $48,000 per year. Jessie owns the building in which her pharmacy is supposed to be; however, she could rent out the pharmacystore space for $42,000 per year. Calculate Jessie’s accounting profit and economic profit. In your opinion, should Jessie proceed with opening her own pharmacy? Justify your answer
The HR department is trying to fill a vacantposition for a job with a small talent pool. Validapplications arrive every week or so, and theapplicants all seem to bring different levels ofexpertise. For each applicant, the HR managergathers information by trying to verify variousclaims on resumes, but some doubt about fitalways lingers when a decision to hire or not isto be made. What are the Type I and II decision error costs? Which decision error is more likely tobe discovered by the CEO? How does this affectthe HR manager’s hiring decisions?
If an employer wants to give his employees a cost of living adjustment, then he/she is likely to: Group of answer choices increase employee salaries by an amount determined by the rate of inflation. reduce the amount of taxes they have to pay to compensate for the increase in the average price leve. lay off a few employees and distribute the salary he/she was paying them to the remaining employees. increase employee salaries to match the average salary earned by similar employees in the country.
Candy is a Year 4 full-time undergraduate student majoring in marketing at a private university inHong Kong and she is going to be graduated after the summer break. She has collected some datafrom the Student Careers and Affairs Office (SCAO) related to her job planning.According to the graduate employment surveys conducted for the last two years by the privateuniversity, the average salary earned by the graduates of her programme is constant at around$14,000. Actually, Candy is quite disappointed.In view of this, Candy is considering to participate in an one-year internship program launched by theSCAO after her graduation. In other words, she would enter the job market “formally” one year laterif she joins the internship program. Finally, with the help of the SCAO, she could get an internshipoffer from a famous marketing company in Hong Kong. The monthly salary provided by the companyis $12,000 while a good reference letter would be prepared for the interns completing the…
A convenience store manager earns a base salary plus a small bonus of $60 for each of ten different possible monthly milestones he meets. If the manager meets a milestone, the full bonus is paid. However, if the manager falls even one penny short, none of that bonus is paid. Suppose each of the ten milestones requires 40 hours of effort to meet, and that the manager has 160 hours of effort to allocate to work each month. In order to maximize the total monthly bonus, the manager should allocate hours toward meeting each of milestones and hours toward meeting each of the remaining sales milestones.
Q4 A business manager determines that t months after production begins on a new product, the number of units produced will be P thousand,where P(t) =6?2 + 5? /(? + 1)2 production in the long run (i) A ruptured pipe in a North Sea oil rig produces a circular oil slick that is y meters thick at a distance x meters from the rupture.Turbulence makes it difficult to directly measure the thickness of the slick at the source (where x = 0),but for x > 0,it is found that y =0.5(x2 + 3x)/ x3 + x2 + 4x Required:a)Assuming the oil slick is continuously distributed,how thick would you expect it to be at the source?
The government of Ghana comes out with a compensation programme for disabled workers which replaces 50% of a disabled worker’s previous monthly salary up to GHC300/wk for as long as the worker is out of work. In the said programme, as soon as individual works for even one hour, all benefits are taken away. Eric and Oscar both worked for Komenda Sugar Factory and were injured in the same accident. Both worked full time (40 hrs/wk) before the accident occurred, with Eric earning GHC20/hr and Oscar earning GHC10/hr. a) How much in weekly workers’ compensation benefits is each worker entitled to? b) What percentage of each worker’s previous weekly salary is replaced under the income maintenance programme introduced by gov’t of Ghana? c) Suppose Eric and Oscar are free to return to their previous jobs at their previous salaries when healthy, how many hours must each person work per week to replace the income they were receiving while collecting disability?
In 1972 the maximum earnings of a worker subject to Social Security tax (SST) was $9,000. The maximum earnings subject to SST in 2016 is $118,500. Whatcompound annual increase has been experienced over this 44-year period of time? How does it compare with a 3% annual increase in the consumer price index over the same period of time?
A company that manufactures oximeters (devices that are placed on the fingers to measure the amount of oxygenation that a person is producing) has recently been stretched by high demand due to COVID-19. From that company, it is known that in the month of August 2020 a total of 10,000 oximeters were produced that qualified as conforming product, that the company was running a total of 25 days, Monday through Saturday, 9.5 hour shifts, of that time half an hour daily was for calibration and warm-up of the production machines and one hour daily was lunch for the workers. In addition, daily half-hour meetings are held to discuss the day's production. Because they are currently working under pressure due to high demand, there are no kanban waiting times. Determine the parts per hour of work that were produced during the month of August 2020.
If a firm manager has a base salary of $50,000 and also receives two percent of profits, how much will his/her income be if revenues are $8,000,000 and profits are $2,000,000? A. $90,000. B. $210,000. C. $100,000. D. $150,000.
True or False: A BMW car costs $40,000 this year, but only $8,000 in 1980. It’s more expensive today thanin 1980 to buy a BMW.” (Suppose PCE price index is 30 and 120 in 1980 and 2023, respectively.)