Recruitment Costs Interview Costs Job Posting fee 1st year fee Real Estate Fee Shipping fee Family travel cost A. $45,400 C. $49,400 $2,000 per person $1,000 10% 6% of sales price $4,000 $400 per person A company hires an employee with a family of 5 for a salary of $160,000 over 2 other candidates. If the employee sold her house for $340,000, what is the total recruiting expense? B. $47,800 D. $47,400
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if the employee sold house for $340000,what is the total recruiting expense?
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- 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; 0D. If TB > TA then Type B will get more education, otherwise Type A will definitely getmore education. Discuss.E. Assume that the mean wage in Industry 1 is greater than the mean wage in Industry 2,but the variance of wages in Industry 1 is much larger than that in Industry 2. Assumealso that if you get an education you must work in Industry 1(i.e., the human capitalaccumulated is industry specific). What effect(s) might that have on the choices ofType A and Type B individuals regarding their education.F. If αA is much larger than αB, then there is nothing the government can do to induceType B individuals to go to school beyond high school.G. Discuss briefly how your answer to E change if the human capital was not entirelyindustry specific.Suppose the members of population A, consisting of Al, Bob, Curt, Doris, and Ellie, receive annual incomes of $5,000, $2,500, $1,250, $750, and $500, respectively. What percentage of total income is received by the highest 60 percent of the income receivers in population A? Multiple Choice O O O O 87.5 25 60 76.5 < Prev 5 of 10 www www www Ne
- Lela must decide to go on a winter trip to norway with the hope of seeing northern light would yield a utility level of 2,000 but she has only a 50% chance that they will show during the days of her trip. making the trip without seeing the lights would yield a utility level of 100 and there is 50 % chance of this happening. what is lela's expected utilty if show goes on the trip? a. 2,100 b.1,050 c.42 d.950A baseball team has signed a draft pick to a two year contract. The player's expectedmarginal revenue product in year 1 and year 2 are $1-million and $1.7-millionrespectively. The contracted wage is $1.3-million in the first year. The interest rate is7% each year. The competitive wage in year 2 is expected to be $1.8-million. If theteam is indifferent about the player resigning with it at the end of his contract, howmuch will they pay him in the second year? Use a$ and commas.A producer collects he initial premium for a healih policy and gives he applicant a conditional receipt. In lhis situation lhe policy becomes effective at which of the following limes? A.When he premium is received in lhe insurance company's home office B.When the policy is delivered C.When the conditions of the receipt are met D.When the premium check clears the bank
- Required: Find EMV and recommend the course of action Find the EMV under certainty Use the EVC to find the EVPI Determine the opportunity loss table Find the course of action that minimises EOL S1 (0.3) S2(0.7) EMV A1 100 540 408 A2 150 (50) 10 A3 350 320 329At a company, 20 employees are making contributions for a retirement gift. Each of the 20 employees is choosing how many dollars to contribute from the interval [0,20]. The manager of these 20 employees announces that she will contribute dd dollars for every dollar that an employee contributes. The payoff to employee ii who makes contribution of xixi dollars is bi(1+d)xi−xi, where bi>0.bi(1+d)xi−xi, where bi>0. Assume that d=4d=4, bi=0.25bi=0.25 for i=1,2,…,10i=1,2,…,10, andbi=0.5bi=0.5 for i=11,12,…,20i=11,12,…,20 What is the best contribution level of any employee ii for i=1,2,…,10i=1,2,…,10. At a company, 20 employees are making contributions for a retirement gift. Each of the 20 employees is choosing how many dollars to contribute from the interval [0,20]. The manager of these 20 employees announces that she will contribute dd dollars for every dollar that an employee contributes. The payoff to employee ii who makes contribution of xixi dollars is bi(1+d)xi−xi,…12. Do it asap!
- Jack Reminds Samuel that, as an early career professional, he’s only making a fraction of the average American household income used in the chart ($78,635). So, he recommends Jack calculate what his monthly Pension & Personal Insurance cost would be if it was in proportion to the salary he’s making. How much would this be?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?Choice of a neighbourhood is a function of economic parameters likeincome, wealth, and occupation. Social factors such as religion, caste,other group identity etc. also influence the decision of where to live.Demographic factors such as constituents of the family and number ofdependent members are also important. Family with more number of kidsis likely to prefer housing in an area with educational institutions.Similarly, family with more number of elderly will prefer a place wheremedical assistance can be quickly reached. Choice of neighbourhoodbecomes extremely important, as it affects the quality of life in a largeway. There are external effects of neighbour’s behaviour on one’s lifestyle. If the neighbours are very social and of high moral values, there areno clashes and disturbances. However, if one is not lucky enough to havea good and understanding neighbour, things can come to a level, wherethere can be fights and legal suites. One such example happened in mysociety recently.…