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The figure below illustrates Maria's employment rent on her current job, given her wage, her disutility of work, the unemployment benefit, and the expect duration of unemployment. Hourly wages ($) Hourly wage = $12 Unemployment benefit plus the disutility of effort = 58 Unemployment benefit = $6 -=what Maria gets should she not lose her job today -=what Maria gets should she lose her job today Maria's rent when employed Disutility of effort when employed What Maria receives in unemployment benefit during her period of unemployment Number of 35-hour weeks Which of the following statements is correct. Employment rent per hour Reservation wage per hour Expected duration of unemployment 44 weeks (1,540 hours) O Maria's employment rent per hour is $6. O The cost to Maria of losing her job is $9,240. O If the expected duration of unemployment falls to 22 weeks, Maria's employment rent will be $3,080.

The figure below illustrates Maria's employment rent on her current job, given her wage, her disutility of work, the unemployment benefit, and the expect duration of unemployment. Hourly wages ($) Hourly wage = $12 Unemployment benefit plus the disutility of effort = 58 Unemployment benefit = $6 -=what Maria gets should she not lose her job today -=what Maria gets should she lose her job today Maria's rent when employed Disutility of effort when employed What Maria receives in unemployment benefit during her period of unemployment Number of 35-hour weeks Which of the following statements is correct. Employment rent per hour Reservation wage per hour Expected duration of unemployment 44 weeks (1,540 hours) O Maria's employment rent per hour is $6. O The cost to Maria of losing her job is $9,240. O If the expected duration of unemployment falls to 22 weeks, Maria's employment rent will be $3,080.

Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter21: Unemployment
Section: Chapter Questions
Problem 11RQ: If you an? out of school but working part time, are you considered employed or unemployed in U.S....
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The figure below illustrates Maria's employment rent on her current job, given her wage, her disutility of work, the unemployment benefit, and the expect duration of unemployment. Hourly wages ($) Hourly wage = $12 Unemployment benefit plus the disutility of effort = 58 Unemployment benefit = $6 -=what Maria gets should she not lose her job today -=what Maria gets should she lose her job today Maria's rent when employed Disutility of effort when employed What Maria receives in unemployment benefit during her period of unemployment Number of 35-hour weeks Which of the following statements is correct. Employment rent per hour Reservation wage per hour Expected duration of unemployment 44 weeks (1,540 hours) O Maria's employment rent per hour is $6. O The cost to Maria of losing her job is $9,240. O If the expected duration of unemployment falls to 22 weeks, Maria's employment rent will be $3,080. O If the unemployment benefit is cut to $5 an hour, Maria's unemployment rent will be $10,780.
Transcribed Image Text:The figure below illustrates Maria's employment rent on her current job, given her wage, her disutility of work, the unemployment benefit, and the expect duration of unemployment. Hourly wages ($) Hourly wage = $12 Unemployment benefit plus the disutility of effort = 58 Unemployment benefit = $6 -=what Maria gets should she not lose her job today -=what Maria gets should she lose her job today Maria's rent when employed Disutility of effort when employed What Maria receives in unemployment benefit during her period of unemployment Number of 35-hour weeks Which of the following statements is correct. Employment rent per hour Reservation wage per hour Expected duration of unemployment 44 weeks (1,540 hours) O Maria's employment rent per hour is $6. O The cost to Maria of losing her job is $9,240. O If the expected duration of unemployment falls to 22 weeks, Maria's employment rent will be $3,080. O If the unemployment benefit is cut to $5 an hour, Maria's unemployment rent will be $10,780.
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