According to the department of Labour's new rates, domestic worker working in Area A, who work...
According to the department of Labour's new rates, domestic worker working in Area A, who work more than 27 ordinary hours per week, must be paid a minimum of R13.69 per hour. Workers who work fever that 27 hours per week, must be paid a minimum of R16.03 per hour.
With an aid of a diagram, discuss the welfare effect of this new minimum wage is (1) Below the equilibrium wage and (2)above the equilibrium wage rate with labour hours as your quantity variable?
Homework Answers
Add Answer to:
According to the department of Labour's new rates, domestic
worker working in Area A, who work...
At the minimum wage (set above the equilibrium wage), A : all individuals who end up working are paid less than if they...
At the minimum wage (set above the equilibrium wage), A : all individuals who end up working are paid less than if they were paid the equilibrium wage. B : none of the workers will lose there jobs or find themselves working fewer hours. C : none of the individuals who end up working are paid more than if they were paid the equilibrium wage. D : there will be fewer people working (or fewer labor hours demanded) than at...
8. A rates seven days a week. The daily worker requirements are estimated as follows: Day Requirements 7 Su Th 4. Each worker is required to work five days per week and each must have two consecu...
8. A rates seven days a week. The daily worker requirements are estimated as follows: Day Requirements 7 Su Th 4. Each worker is required to work five days per week and each must have two consecutive days off. What ff that is the minimum number of workers needed to fulfill these needs? Provide a listing of the days o each worker receives. (10 points)
8. A rates seven days a week. The daily worker requirements are estimated as follows:...
3. Show on work-leisure diagram a low wage worker working 8 hours per day. Assume the...
3. Show on work-leisure diagram a low wage worker working 8 hours per day. Assume the government wants to help this worker by giving them a $300 grant to help with their weekly expenses. Show the labor supply impact this would have on the workers. Instead, show the impact on this worker if the government added an extra dollar amount for every additional hour the person worked.
ії. Imagine a worker who s preferences for non work tme (h) and resources to spend...
ії. Imagine a worker who s preferences for non work tme (h) and resources to spend on all other good (r2) can be represented using a Cobb-Douglas utility function as described above. In this case, the parameter a captures this worker's taste for time spent not working compared to having some income. Using this setup, answer the folowing questions. (a) The worker is trying to divide 10 hrs of his day between work and non-work time, and has no other...
1. Consider a worker who has small children. All of the following are effects of child...
1. Consider a worker who has small children. All of the following are effects of child care expenses (and not the subsidies which defray those costs) except: A.that they increase reservation wages. B.that they might decrease labour force participation. C.that they increase the hours of work for labour market participants. D.that they reduce the hours of work for labour market participants. 2. Which of the following statements concerning subsidies for child care expenses is true? A.They reduce the fixed costs...
suppose that a second shift is added to the assembly department. what is the new capacity...
suppose that a second shift is added to the assembly
department. what is the new capacity of the assembly
department
Below is the XYZ operation. Molded Parts Mold Parts Finished Componen Final Assembly Purchased Pary Vnventory Purchase Parts from Vendors Assumptions 1) One worker is needed to operate each machine in the molding dept. 2) The molding dept. has 10 machines. 3) Currently 6 workers in the molding dept., earning $15 per hour. 4) Each molding machine produces 25 parts...
The federal government is considering opening a new call centre in an Atlantic fishery community....
Cost Benefit Analysis
The federal government is considering opening a new call centre in an Atlantic fishery community. The centre will employ 500 workers with high school education, each working a 40-hour week. A study reveal that the new centre will (a) raise the equilibrium wage rate for high school graduates from $400 to $500 per week, (b) reduce those employment from the private sector from 1500 to 1200 employees (on a 40-hour week basis), (c) induce 400 new workers...
1) (3 pt.) Consider a worker who must divide T hours between work (h) and leisure...
1) (3 pt.) Consider a worker who must divide T hours between work (h) and leisure (0). The worker earns a wage w and spends all of his income on consumption C (with price 1). For the following preferences, find the worker's optimal leisure, consumption, and labour supply function. Draw the supply function on a graph a) U(C,e)oln(0) C b) U(C,inC,e)
5. Calculating the price elasticity of supply Jake is a retired teacher who lives in New...
5. Calculating the price elasticity of supply Jake is a retired teacher who lives in New York City and does some consulting work for extra cash. At a wage of $50 per hour, he is willing to work 7 hours per week. At $65 per hour, he is willing to work 10 hours per week. Using the midpoint method, the elasticity of Jake’s labor supply between the wages of $50 and $65 per hour is approximately ___ , which means...
READ THE NEWS EXTRACT AND ANSWER QUESTION 1 It’s official: South Africa’s first National Minimum Wage...
READ THE NEWS EXTRACT AND ANSWER QUESTION 1 It’s official: South Africa’s first National Minimum Wage becomes law The divisive National Minimum Wage Bill has been ratified by Cyril Ramaphosa. But is it enough for South Africa's poorest citizens? by SAnews 2018-11-26 19:05 President Cyril Ramaphosa has signed into law the National Minimum Wage Bill, which sets a historic precedent in the protection of low-earning workers. The Bill provides a platform for reducing inequality in society and decreasing huge disparities...
8. A rates seven days a week. The daily worker requirements are estimated as follows: Day Requirements 7 Su Th 4. Each worker is required to work five days per week and each must have two consecutive days off. What ff that is the minimum number of workers needed to fulfill these needs? Provide a listing of the days o each worker receives. (10 points)
8. A rates seven days a week. The daily worker requirements are estimated as follows:...
3. Show on work-leisure diagram a low wage worker working 8 hours per day. Assume the government wants to help this worker by giving them a $300 grant to help with their weekly expenses. Show the labor supply impact this would have on the workers. Instead, show the impact on this worker if the government added an extra dollar amount for every additional hour the person worked.
ії. Imagine a worker who s preferences for non work tme (h) and resources to spend on all other good (r2) can be represented using a Cobb-Douglas utility function as described above. In this case, the parameter a captures this worker's taste for time spent not working compared to having some income. Using this setup, answer the folowing questions. (a) The worker is trying to divide 10 hrs of his day between work and non-work time, and has no other...
suppose that a second shift is added to the assembly
department. what is the new capacity of the assembly
department
Below is the XYZ operation. Molded Parts Mold Parts Finished Componen Final Assembly Purchased Pary Vnventory Purchase Parts from Vendors Assumptions 1) One worker is needed to operate each machine in the molding dept. 2) The molding dept. has 10 machines. 3) Currently 6 workers in the molding dept., earning $15 per hour. 4) Each molding machine produces 25 parts...
Cost Benefit Analysis
The federal government is considering opening a new call centre in an Atlantic fishery community. The centre will employ 500 workers with high school education, each working a 40-hour week. A study reveal that the new centre will (a) raise the equilibrium wage rate for high school graduates from $400 to $500 per week, (b) reduce those employment from the private sector from 1500 to 1200 employees (on a 40-hour week basis), (c) induce 400 new workers...
1) (3 pt.) Consider a worker who must divide T hours between work (h) and leisure (0). The worker earns a wage w and spends all of his income on consumption C (with price 1). For the following preferences, find the worker's optimal leisure, consumption, and labour supply function. Draw the supply function on a graph a) U(C,e)oln(0) C b) U(C,inC,e)
Most questions answered within 3 hours.
-
Water flows through a 8-foot wide and 4-foot tall rectangular
channel. If the desired flow rate...
asked 4 minutes ago -
Do you believe that some things that fall into the category of
“pseudoscience” are worth believing...
asked 8 minutes ago -
Cruz Video Center accumulates the following cost and net
realizable data at December 31.
Cameras $14,700...
asked 8 minutes ago -
Direct Labor Variances
The following data relate to labor cost for production of 4,600
cellular telephones:...
asked 14 minutes ago -
1. Describe the differences between management in the nonprofit
sector and management in other sectors. How...
asked 15 minutes ago -
Identify the location of the following corresponding operand if
the address field in an instruction contains...
asked 16 minutes ago -
A new battery's voltage may be acceptable (A) or unacceptable
(U). A certain flashlight requires two...
asked 19 minutes ago -
Water has significant IMF, which result in many of its unique
properties—high boiling point relative to...
asked 38 minutes ago -
I need help with an executive summary for Adidas Items to be
included are a discription...
asked 31 minutes ago -
19. Most progressive reform activists were white
and a. upper class. b. lower class. c. wokring...
asked 33 minutes ago -
If X is a binomial random variable with n = 8
and p = 0.2, the...
asked 43 minutes ago -
Seasonal or cyclical variation in a time-series model…
---exhibits irregular
variation that can be accounted for...
asked 44 minutes ago