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: Can you please answer all the question A through H.

A: A price taker is an individual/ firm with zero commands over the costs of labor and products sold…

Q: what about question g

A: Equilibrium price is a fundamental concept in economics that refers to the price at which the…

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: What is the matter economic

A: Discussing the "matter" of economics involves exploring its fundamental components and core…

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: Describe the Administrative Functions?

A: Administrative functions - These are the functions which determine the nature of  policies will be…

Q: The EPA says the value of a human life is $9.4 million, measured from birth to death. If life…

A: According to the information given, the value of a human life is $9.4 million measured from birth to…

Q: Is there anything more I can add to make this answer worth 8 marks?

A: Investment increases the capital stock, and the amount of capital that is available to an economy is…

Q: A list of references or citations in an article is a good place to look for additional sources. True…

A: References or citations are used to give credit or refer to the source from which information is…

Q: What is one pkus one

A: Step 1:One plus one equals two1+1 = 2 For example if you have one apple and you get one more apple ,…

Q: 12) Referring to question # 1, what is the Marginal Cost to produce 1 more unit?

A: 12. The cost of production is the summation of all the costs incurred while producing the commodity…

Q: what is the title of coloum f and what does it mean?

A: Future worth is the value of an asset at a particular date. It computes the nominal future sum of…

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: I cannot read the hand writing can someone tyoe this out for mr please ?

A: Macroeconomics basically refers to the discipline of economics concerned with the overall structure,…