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employment rent. If Maria loses her job, her government provides an unemployment benefit for up to 20 weeks. Hourly wage = $12 Unemployment benefit plus the disutility of effort-$8 Unemployment benefit - $6 0 - what Maria gets should she not lose her job today →what Maria gets should she lose her job today Maria's rent when employed Employment rent per hour Disutility of effort when employed Reservation wage per hour What Maria receives in unemployment benefit during her period of unemployment 0 Number of 35-hour weeks Expected duration of unemployment -4 weeks Which of the following statements correctly explains the diagram above? O a. Maria's employment rent will be higher if the unemployment benefit is higher. O b. Maria's employment rent will be reduced in the situation where the Which of the following statements correctly explains the diagram above? O a. Maria's employment rent will be higher if the unemployment benefit is higher. O b. Maria's employment rent will be reduced in the situation where the unemployment rate is higher. O c. Maria is not enjoying any employment rent because she is able to find a new job in four weeks. d. Maria's total unemployment rent is $24. Oe. This model does not account for certain costs involved in employment such as commuting costs. Hourly wages ($)

employment rent. If Maria loses her job, her government provides an unemployment benefit for up to 20 weeks. Hourly wage = $12 Unemployment benefit plus the disutility of effort-$8 Unemployment benefit - $6 0 - what Maria gets should she not lose her job today →what Maria gets should she lose her job today Maria's rent when employed Employment rent per hour Disutility of effort when employed Reservation wage per hour What Maria receives in unemployment benefit during her period of unemployment 0 Number of 35-hour weeks Expected duration of unemployment -4 weeks Which of the following statements correctly explains the diagram above? O a. Maria's employment rent will be higher if the unemployment benefit is higher. O b. Maria's employment rent will be reduced in the situation where the Which of the following statements correctly explains the diagram above? O a. Maria's employment rent will be higher if the unemployment benefit is higher. O b. Maria's employment rent will be reduced in the situation where the unemployment rate is higher. O c. Maria is not enjoying any employment rent because she is able to find a new job in four weeks. d. Maria's total unemployment rent is $24. Oe. This model does not account for certain costs involved in employment such as commuting costs. Hourly wages ($)

Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter15: Poverty And Economic Inequality
Section: Chapter Questions
Problem 2SCQ: Jonathan is a single father with one child. He can work as a server for $6 per hour for up to 1,500...
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Maria works for a restaurant as a waitress. The following illustrates Maria's employment rent. If Maria loses her job, her government provides an unemployment benefit for up to 20 weeks. Hourly wage - $12 Unemployment benefit plus the disutility of effort-$8 Unemployment benefit - $6 0 - what Maria gets should she not lose her job today →what Maria gets should she lose her job today Employment rent Maria's rent when employed per hour Disutility of effort when employed Reservation wage per hour What Maria receives in unemployment benefit during her period of unemployment 0 Number of 35-hour weeks Expected duration of unemployment -4 weeks Which of the following statements correctly explains the diagram above? O a. Maria's employment rent will be higher if the unemployment benefit is higher. O b. Maria's employment rent will be reduced in the situation where the Which of the following statements correctly explains the diagram above? O a. Maria's employment rent will be higher if the unemployment benefit is higher. O b. Maria's employment rent will be reduced in the situation where the unemployment rate is higher. O c. Maria is not enjoying any employment rent because she is able to find a new job in four weeks. Od. Maria's total unemployment rent is $24. e. This model does not account for certain costs involved in employment such as commuting costs. Hourly wages (S)
Transcribed Image Text:Maria works for a restaurant as a waitress. The following illustrates Maria's employment rent. If Maria loses her job, her government provides an unemployment benefit for up to 20 weeks. Hourly wage - $12 Unemployment benefit plus the disutility of effort-$8 Unemployment benefit - $6 0 - what Maria gets should she not lose her job today →what Maria gets should she lose her job today Employment rent Maria's rent when employed per hour Disutility of effort when employed Reservation wage per hour What Maria receives in unemployment benefit during her period of unemployment 0 Number of 35-hour weeks Expected duration of unemployment -4 weeks Which of the following statements correctly explains the diagram above? O a. Maria's employment rent will be higher if the unemployment benefit is higher. O b. Maria's employment rent will be reduced in the situation where the Which of the following statements correctly explains the diagram above? O a. Maria's employment rent will be higher if the unemployment benefit is higher. O b. Maria's employment rent will be reduced in the situation where the unemployment rate is higher. O c. Maria is not enjoying any employment rent because she is able to find a new job in four weeks. Od. Maria's total unemployment rent is $24. e. This model does not account for certain costs involved in employment such as commuting costs. Hourly wages (S)
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