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How should be the following given be treated while estimating
(1) bonus paid to employees
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- 2. Graphing demand for labor and computing the optimal quantity of labor demanded A company operates in a competitive market, selling each unit of output for a price of $20 and paying the market wage of $330 per day for each worker it hires. In the following table, complete the column for the value of the marginal product of labor (VMPL) at each quantity of workers. Labor Output Marginal Product of Labor Value of the Marginal Product of Labor (Number of workers) (Units of output) (Units of output) (Dollars) 20 1. 20 19 2 39 18 57 15 72 12 84 On the following graph, use the blue points (circle symbol) to plot the firm s labor demand curve. Then, use the orange line (square symbols) to show the wage rate. (Note: If you cannot place the wage rate at the level you want, move the two end points individually.) Hint: Remember to plot each point halfway between the two integers. For example, when the number of workers increases from 0 to 1, the value of the marginal product for the first…Labor Income, Tax Pald, and Average Tax Rate Individual Samantha Charles Amanda Young Labor Income (dollars) $45,000 60,000 80,000 105,000 Tax Paid (dollars) $100 100 100 100 Instructions: Round your answers to 2 decimal places. Average Tax Rate (percent) de dese % deIn statistics, what is a qualitative variable that categorizes, describes, or names and element of a population?
- 1. relative or absolute 2. relative or absolute 3. little or substantial 4.relative or absolute 5. Supplemental or Social 6.Supplemental or Social 7. earned income or dependent care 8. Disability or Nutrition Only typed answerMany individuals identify more with members of the population with which they share a common background rather than with the overall culture. Shared similarities such as language, national origin, ethnicity, etc., are thus identifiers of the various groups that make up the major culture. A Age cohort Gender identity C Socio-economic D SubculturalA group of 10 people have the following annual incomes: $55,000, $30,000, $15,000, $20,000, $35,000, $80,000, $40,000, $45,000, $30,000, $50,000. Complete the table. Income Quintile Share of Income $15,000 Bottom $20,000 $30,000 2nd $30,000 $35,000 3rd $40,000 $45,000 4th $50,000 $55,000 Top $80,000 If $4000 is taxed from the top earner and transferred to the lowest earner, would that increase or decrease the share of income held by the top quintile? Would this transfer increase or decrease the share of income held by the bottom quintile? Would this have any effect on the 2nd quintile? The 3rd? The 4th? Would this transfer increase, decrease, or have no effect on income inequality in this group? Redistributing income from the highest earner to the lowest one would reduce the utility of the top earner and increase the utility of the lowest earner. But what would happen to the overall utility of the…
- Suppose you are asked to compare the variation in housing rental prices in the Eastern Caribbean measured in Eastern Caribbean dollars to housing rental prices in Jamaica measured in Jamaican dollars, explain the most appropriate statistic to use making sure to say whyDiscuss data analysis in qualitative research detailing how a researcher prepares qualitative data for analysis. Inyour discussion, distinguish between quantitative and qualitative data analysis using examples where appropriate.SLO-4.1. The amount of money people have to spend after buying necessities such as food, clothing and housing is Osavings Odiscretionary income Onet income Ogross income
- 1. Give two examples of any facts (data) on older-adults (65+) population that surprised you or you did not expect. Erber provides a lot of data on topics including: demography and population trends, Baby Boomers, residence patterns, as well facts on health, education, gender, and poverty.Table 1: UK Alcohol Expenditure and Prices and UK Income Year UK Household UK Alcohol Price Index UK Mean expenditure on alcohol. (£s) Equivalised Disposable Income (£s) 27,977 27,938 27,283 26,658 27,343 28,530 29,029 29,812 29,099 2009 2010 17,854 18,333 17,853 18,019 17,818 17,832 18,159 18,518 19,253 236.0 244.3 258.5 2011 2012 2013 2014 2015 267.0 274.9 280.2 281.7 2016 283.4 2017 291.3 Table 1 contains information about average UK income, UK alcohol prices and spending on alcohol taken from the ONS. Use consumer theory to explain the changes to the consumption of alcohol in the UK.The following question has 4 parts (a.-d.), parts b. to d. will be revealed after submitting your answer by hitting "Verify" on the preceding sections. Suppose an economy is composed of 10 individuals. The following table shows their annual income in thousands of dollars. Individual Individual 1 Individual 2 Individual 3 Individual 4 Individual 5 Individual 6 Individual 7 Individual 8 Individual 9 Individual 10 Income 46 80 96 33 74 54 48 28 83 10
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