I ONLY need help on D, E, and F. I understand the concepts showcased in A, B, and C (you dont have to do them). Please show work on those.
When an individual A has higher level of education than the individual B, it is logical to believe that he earns more. Thus, individual A earns twice as much as individual B.
(a) If both individuals work 40 hours a week, A will earn twice the income earned by B and so he is expected to spend more on health than B. Thus, A will have a higher optimal level of health H*
(b) If both individuals work enough hours to exactly earn $50 000 per year, A must be working less to earn the same amount and so he has more time to take leisure and rejuvenate. Hence A will have greater H*
(c) Below is the Labor-Leisure graph, containing individual A and B’s time constraint and their respective indifference curves. They both differ as A enjoys more leisure, earns more income and has, therefore, a better standards for health.
I ONLY need help on D, E, and F. I understand the concepts showcased in A,...
Need help, please show work 13 Differences in wage levels. Suppose individual A received a much better education than individual B, and consequently earns twice as much per hour of labor. a If both individuals work 40 hours a week, who will have greater H? Why? b If both individuals work enough hours so as to earn exactly $50,000 per year, who will have greater H'? Why? c Draw a set of axes labeled T and TZ that resemble Figure...
The improvements in computer technology has affected how accountants do their jobs. Thirty years ago an accountant might take 3-4 hours to prepare an individual’s tax returns or a few days to work on a firm’s taxes. With improved computing technology, the time for both activities is much less than before. The use of computers has also reduced the amount of time required to look up information necessary to work on taxes (both for individuals and for firms). What impact...
someone please help im trying to understand this but i need help with the graph and explain the changes Chpt. 4: Market Forces of Supply and Demand-Set B 1. Assume we are analyzing the market for Papa John's medium-sized pizzas. a) Using the axes below please draw and label the demand (dd) and supply (5) curves. [2 pts) Price Papa Johns Medium Pizzas b. Identify the equilibrium price ($10) and quantity (2,000) (1 pt.) Now alter the model (above) to...
I need parts D, E, F only! 1. Consider a firm that manufactures dyed textiles. The firm incurs a marginal cost of MC 2Q Suppose that for every textile produced, there is an externality cost of 12 (from dyes being leaked into the water). So the true social marginal cost of widget production is MC = 2Q+12. Imagine that the (a) Assuming this is a perfectly competitive market, write out the equation for the firm's supply (b) Calculate the equilibrium...
Specifically need help with parts D and E. 5. Conceptual question, no calculations are required. You have a 4 V battery, E, and two resistors, Ri and R2, that you configure in two different ways, A and B, shown below. Assume that R2 is twice as arge as R. A) For configuration A, what is the current l3 (expressed in terms of the other currents)? B) for configuration B, what is the current l3 (expressed in terms of the other...
Takashi has non-labor income from his investments of I= $80 per day, and can earn an hourly wage at his job of $30 per hour. Assume Takashi can work (or not work) as much as 24 hours in a day. a. Write a formula for Takashi’s budget constraint as a function of L (leisure hours) and C (consumption spending per day).Draw a diagram showing this budget constraint. b. Suppose Takashi’s utility function is given by U = 2lnL+ lnC, where...
I need help with all parts but please explain in detail part d and e. Thank you! 6.66 Length of job tenure. Researchers at the Ter ry Colle ege of us. the ber of Sam Business at the University of Georgia sampled 344 ness students and asked them this question: "O course of your lifetime, what is the maximum num years you expect to work for any one employer?" The sa ple resulted in 19.1 years. Assume that the sample...
I need help with d,e and f (a) Describe this motion in words. (i.e. Only words no numbers) (b) Sketch the shape of the position vs. time graph that describes this motion. (c) Determine the change in position from t = 60s to 90s. Annotate the velocity vs. time graph to show visually how the change in position shows up on it. Show your work and use units. (d) Determine the change in position from t = 10s to 30s....
I only need help with d, e, and f. Can you please explain especially d in detail? Thank you 1. Here you will prove the famous identity that 1 1 1 3+5+7+ Do not use the Ratio Test anywhere in this question. (a) Express h as a power series centered at 0. Determine its interval of convergence. Hint: This should be short. (b) Let S(:) be the Taylor series of arctan x at 0. Without computing S(2), briefly explain why...
Thank you Include correctly labeled diagrams, if useful or required, in explaining your answers. A correctly labeled diagram must have all axes and curves clearly labeled and must show directional changes the question prompts you to "Calculate you must show how you arrived at your final answer The table below shows unemployment and labor force statistics for an economy Actual rate of unemployment 3% 125 million Natural rate of unemployment Population of the country Number of people employed Number of...