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Refer to Figure 2
Suppose an alternative program with $10,000 benefit guarantee and 50% reduction rate is implemented. About how much does Shannon work now? Enter a whole number.
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- Many farmers in poor countries do not own the land they cultivate. By comparing fixed rent and profit-sharing, discuss how agricultural organization affects poverty and income distribution?Suppose society consists of two individuals, A and B, who must split a fixed income of $150. Individual A's marginal utility of income is given by MUA=400-IA and individual B's marginal utility of income is given by MUB=600-6IB. Suppose the social welfare function is W=UA+UB. What if the social welfare function is, instead, W=min(UA,UB). 44. Then equity in the distribution of income would be synonymous with equality of What if the social welfare function is, instead, W=UA+2.6UB and individual B's marginal utility is, instead, MUB=200-IB. 45. What is the optimal distribution of income to individual A? $ 46. What is the optimal distribution of income to individual B? $ 47. Equity in the distribution of income would be synonymous with equality ofThe owner of Barb’s Burgers has suggested the firm should invest in more moderntechnology and created a list of potential changes she thinks may be helpful as aninvestment. She has asked you to analyze the four potential choices and comment onwhat this would change in terms of cost: Hire a firm to create an online system to allow customers to order even when theyare not physically at Barb’s Burgers. This would allow for people to ensure theirorders were input correctly for those who are pickier eaters. The online systemwould need to be integrated into the point of sales system to track orders for thekitchen Question: Argue how each of these is likely to change the cost of the firm once implemented (i.e. are any of these a fixed cost or a variable cost). How this adjust theamount of labour and/or capital currently necessary for the firm? Would the technology be a general technology, labour-saving, or capital-saving?
- Explain your answer comprehensively about the question stated below: Suppose Congress were to mandate that all employers had to offer their employees a life insurance policy worth at least $50,000. Use Economic Theory and concepts, both positively and normatively, to analyze the effects of this mandate on employee well-being. How this mandate will influence or affect poverty, wages, labor migration, and economic growth.18. Microeconomics Imagine that we have found out the demand for a product for three individuals. Each individual's demand can be described by the demand functions:Q ^ A = 10 –2PQ ^ B = 10 –2PQ ^ C = 10 –2Pa) What is the total demand function if the product above is a private product? b) What is the total demand function if the product above is a collective product? c) If the total cost of the product is given by the function TC = 7.5Q, what is the optimal quantity if the product is a private product? d) If the total cost of the product is given by the function TC = 7.5Q, what is the optimal quantity if the product is a collective product? e) Briefly state what characterizes a collective commodity with a maximum of one sentenceConsider a Sraffa system that describes production with a surplus. Assume that the whole of the wage is variable. The number of commodities in the system is ?. Some are non-basic commodities. . State the economic meaning of the viability condition and express it mathematically. . Assume that the viability condition is satisfied and the rate of profit is given exogenously at a level that is lower than the maximum rate of profit. Explain, with the help of the relevant theorem, why the solution for prices must be nonnegative. NOTE: You need to use only three equations, one for specifying the numeraire, the second for expressing the final solution of the price equations, and third for expressing the condition for nonnegative prices.
- answer true or false 1. It is not the duty of the government to address the equity issue, just the efficiency issue. 2. The Philippines promotes businesses well because it has a good record in terms of competitiveness index. 3. The Anti-red Tape Act or ARTA (RA 11032) is one way to promote efficiency in providing public services.Please help with economics!A) Show and discuss the economics of land reform policy to redistribute agricultural lands across two equal groups of farmers. Assume the two groups have the same human capital in terms of farming (same Marginal Product curves) and that the amount of agricultural available land is fixed and constraining. B) Find the agricultural output maximizing allocation of land between the two groups. C) Show graphically that any other allocation of land will result in lower total output. D) Discuss the output per person in each group under both scenarios and why a sub-optimal distribution of land might persist. I need argunt . I will give good rating
- a. Which of the following correctly shows the Pareto efficient provision of effort. i. G=(1/4)(W_M+W_P) ii. G=(1/3) (W_M+W_P) iii. G=(1/2) (W_M+W_P) iv. G=(2/3) (W_M+W_P) b. What is the decentralized provision of effort: i. G=(1/4)(W_M+W_P) ii. G=(1/3) (W_M+W_P) iii. G=(1/2) (W_M+W_P) iv. G=(2/3) (W_M+W_P)18. Microeconomics Imagine that we have found out the demand for a product for three individuals. Each individual's demand can be described by the demand functions:Q ^ A = 10 –2PQ ^ B = 10 –2PQ ^ C = 10 –2Pa) What is the total demand function if the product above is a private product? b) What is the total demand function if the product above is a collective product? c) If the total cost of the product is given by the function TC = 7.5Q, what is the optimal quantity if the product is a private product? d) If the total cost of the product is given by the function TC = 7.5Q, what is the optimal quantity if the product is a collective product? e) Briefly state what characterizes a collective commodity with a maximum of one sentence D only solve5. Given the input-output matrix: Education Education 40 Government 120 Final Demand 40 Government 120 90 90 Find the output matrix if the final demand changes to a) 200 for education, and 3000 for government b) 64 for education, and 64 for government