QUESTION 7 The wage-risk analysis is based on the notion that the wage premium is greater than the risk premium O that only young workers take on additional risk and require a wage premium the risk premium is always greater than the wage premium that to take additional risks, workers need to get paid extra QUESTION 8 The difference between risk and uncertainty is that uncertainty is can only assigned probabilities to the most likely outcomes risk has well-defined probabilities of each outcome uncertainty can assigned probabilities to each possible outcome O risk is the same as ignorance

Q: Meaning of economic

A: Like the other social sciences, Economics also involves the study of human interactions with each…

Q: can you please explain this a bit more? I am having difficulty following your math.

A: A production function in economics is a mathematical equation that describes the relationship…

Q: were made to the SNAP system

A: SNAP system is basically a system of supplement Nutrition Assistance Program for the needy families.…

Q: part A is incorrect and Part B is incorrect can you re try

A: Present Worth, also known as Net Present Value (NPV), represents the total value of cash flows (both…

Q: 1. I, Jelaika Jade Locsin Montesa, a fresh graduate of the University of Santo Tomas wish to inform…

A: This sentence is not effective because it is too long and flowery. It also does not specifically…

Q: is how much of a product or service people are willing to buy at a specific price. Your answer…

A: Answer: (1). Quantity demanded is how much of a product or service people are willing to buy at a…

Q: Pompeii's Pizza has a delivery car that it uses for pizza deliveries. The transmission needs to be…

A: We are going to use present value approach to answer this question.

Q: could you also help with question g ?

A: Ariel's opportunity cost for 1 book 2/3=0.67 problem set.So Ariel will accept price when her…

Q: AVERAGE TOTAL COST (Dollars per scooter) 359 720 640 560 480 400 320 240 160 80 9 0 0 100 200 300…

A: The long-run average cost curve exhibits economies of scale, constant returns to scale, or…

Q: Identify the largest 5 backs in the United stated.

A: One correction is needed in the above question, hopefully, it is asking for the largest banks in the…

Q: Could you please give me full detailed answer?

A: A pizza company runs its business in a franchisee mode and has decided to conduct a $1 promotion for…

Q: How about for number 14

A: Equilibrium is where the demand curve intersects the supply curve.  The exchange rate shows the…

Q: Where do you get the number 11?

A: Given, Marginal propensity to save (mps)=0.2 Marginal propensity to import (mpm)=0.1 Marginal income…

Q: Can you answer me as soon as possible urgent . In early April, Mr Chan went for a five-day trip in…

A: Answer a.  The purpose of travel of Mr Chan is to explore Singapore in five days and to visit only…

Q: A = 4, B = 3, C = 2, D = 1, F = 0 Calculate the grade-point average

A: Average is obtained by adding all the observations together and then dividing the sum of observation…

Q: Where are you getting the number 11?

A: The gap between income and spending in an economy is the budget surplus. A budget surplus occurs…

Q: Are you able to assist me with the last two questions?

A: The Gini coefficient determines income distribution across a population. Created by the Italian…

Q: please answer second question as a different question now!

A: Investment can refer to physical assets such as machinery, buildings, and land, or financial assets…

Q: Hi, there. I need a clarification of question number 1, which choice is the best answer?

A: The supply curve will shift to the left whenever there is an increase in the cost of production.

Q: can you please help with part D the last two questions, thank you.

A: Given three types of DVD players i.e Deluxe, Standard and Economy. Records for the past 5 years are…