QUESTION 23 A worker who has completed five years of service shall, for each additional year of service, be entitled to severance/gratuity pay to be calculated as: Ⓒa. 21 days' wage b. 15 days' wage c. 24 days' wage d. 30 days' wage QUESTION 24 A definite term employment contract can only be terminated by mutual agreement if the worker's consent is given in writing. ( ) True False QUESTION 25 The partners in an LLC may stop the allocation of the reserve if it reaches: O a 10% of the capital b.25% of the capital c. 50% of the capital d. 40% of the capital QUESTION 26 The maximum number of the board of directors of a Public Joint Stock Company is 12 members. ( ) O True False

QUESTION 23 A worker who has completed five years of service shall, for each additional year of service, be entitled to severance/gratuity pay to be calculated as: Ⓒa. 21 days' wage b. 15 days' wage c. 24 days' wage d. 30 days' wage QUESTION 24 A definite term employment contract can only be terminated by mutual agreement if the worker's consent is given in writing. ( ) True False QUESTION 25 The partners in an LLC may stop the allocation of the reserve if it reaches: O a 10% of the capital b.25% of the capital c. 50% of the capital d. 40% of the capital QUESTION 26 The maximum number of the board of directors of a Public Joint Stock Company is 12 members. ( ) O True False

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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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.
If TP or Q for the fifth worker is 83, and TP or Q for the sixth worker is 97, MP for the sixth worker is O 14. O.071. O-14. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Q51 A farmer named Chris Freeland who has fixed amounts of land and capital finds that total product is 24 for the first worker hired, 32 when two workers are hired, 37 when three are hired, and 40 when four are hired. The farmer's product sells for $5 per unit, and the wage rate is $13 per worker. How many workers should Chris Freeland the farmer hire? Multiple Choice 3 2 4 1 7.
14.ASsume the labor force is made up of 40% women and 60% men. If 40% of all manufacturing jobsare held by women and 90% of the highest-paying management and executive level jobs inManufatacturing are held by men, then, with respect to the manufacturing sector, it can be said that: multiple choiceO.a. there is no horizontal occupational segregation but there is vertical occupational segregation. O.b. there is both horizontal and vertical occupational segregation.O.c. there is no sex-based discrimination in entry-level By solving it for 'r' through hit and trial method, the required interest rate can be found.positions but there is sex-based discriminationin management level positions.O.d. there is no sex-based discrimination in management positions but there is sex-baseddiscrimination in executive level positions.
Assuming a worker can ear a maximum of $180 in total earrings number of working hours avallable are 16 hours and there ara 2 hours work, then the worker's wage rate is equal to O A $18.00 O B. $11.25 O C. Can't be determined given the information provided O D. $12.86
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
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?
In the United States, labor earnings are about what percent of total income? O a. 75 percent O b. 70 percent O c. 67 percent O d. 50 percent Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.
22 Suppose there is a negative compensating differential for risk (i.e., the riskier the job is, the less it pays). a) Under what economic behavior or condition would this make sense? b) Draw the indifference curves for the above scenario in a carefully labeled risk-wage diagram.
13)Assume that the dummy variable Married=1 if married (0if not married),Sex=1 if male (0if male), and that you estimate the equation: log(wage)= B0 + B1 Married + B2*Sex +B3(Married*Sex). The estimated llog wage for an unmarried woman can be estimated by:a.B0 b.B0+B1+B2 c.B0+B1+B2+B3 d.B0+B3
All workers start working for a particular firm when they are 20 years old. The value of each worker’s marginal product is $18 per hour. In order to prevent shirking on the job, a delayed-compensation scheme is imposed. In particular, the wage level at every level of seniority is determined byWage = $10 + (0.4 * Years in the firm)Suppose also that the discount rate is zero for all workers. What will be the mandatory retirement age under the compensation scheme? (Hint: Use a spreadsheet.)
assume there are two types of workers, low- and high-ability, andlet 0 = 0.25 be the proportion of high-ability workers in the population. Assume their marginalproductivity and, therefore, their wages are wh = $20 and wl = $16, and that both types canuse college education to signal high ability. The cost of college education for low-ability workersis cl = $5 whereas the cost for high-ability workers is ch = $2. Consider the wage for both types of workers and the high-ability workers’ college cost, ch. For which values of 0 (the proportion of high-ability workers in the population) do the high-ability workers prefer the separating equilibrium over the pooling equilibrium? (a) Any 0 > 1/2(b) Any 0 < 1/2 (c) Any 0 < 3/4(d) Only when 0 = 1