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- A 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.3 A profit-maximizing employer should hire workers as long as their marginal revenue product is greater than the marginal cost. True FalseQuestion 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
- s manager in the company, Delia receives the following benefits: Company anniversary gift P10,000 Rice subsidy 35,000 Laundry allowance 6,000 Uniform allowance 8,000 Christmas gift 5,000 13th month pay 100,000 CBA incentive 10,000 Monetized unused vacation leave (5 days x P4,500) 22,500 How much should be subject to the fringe benefits tax?urgent part D E 1.10. The US Federal System is the voting method for passing a bill intolaw. It involves 100 members of the Senate, 435 members of the Houseof Representatives, the vice president, and the president, for a total of537 voters. For a bill to pass, it must have a majority in the House, amajority in the Senate, with the possibility of the vice president breakinga tie, and the signature of the President; or if the president opposes thebill, it must have a 2/3 super-majority in both the House and Senate tooverride the veto. Otherwise the bill is defeated.Think of this as a social choice function where the alternatives areA, to pass the bill, or B, to defeat the bill. Does the US federal systemsatisfy:(a) the anonymity criterion?(b) the neutrality criterion?(c) the monotonicity criterion?(d) the decisiveness criterion?(e) the near decisiveness criterion?Ruth collected pension benefits of $220 a month in 2015. If the price index rose from 90 to 105 in the period 2015-2015, what should her pension benefits for 2015 be? a. $256.67 b. $252.43 c. $253.00 d. $231.00 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.
- What are some reasons people might find acquiring information about politics and voting rational, in contrast to rational ignorance theory?How is it possible to bear a cost without realizing it? What are some examples of policies that affect people in ways of which they may not even be aware?5 Morris a single taxpayer earns wages of $350,000. In tax year 2021 he also owns a sole proprietorship with $210,000 of income and $480,000 of allowed deductions ( 270,000 dollar loss). Boris has enough tax basis to cover the loss as and is considered at risk for the loss amount and he materially participates in the activity. What is the amount of excess business loss he will carry forward $10,000 $80,000 $260,000 $270,000
