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True or False, If you are making minimum wage, it is a GOOD idea to have a $1,500 car payment
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- I need help with 18, 19, 21, 22, or 23. I’m not sure on any of them. They are true or false. Help on any one is finethe agent has a maximum of 12 hrs in a day that she can work, and her aspiration is not a utility level, but a target of making at least $500 in a work day. Her utility from working q hours at an hourly rate w is given by wq − q2(so she likes total income but dislikes working). If her target is not achievable, then she just max imizes her utility. If the target level of income is achievable, then she chooses any feasible number of hours that yield at least her target income. Formulate the model by doing the following (warning: (i) and (ii) require care): (i) Specify the choice domain. (ii) Write the agent’s menu when the hourly rate is w. (iii) Determine the agent’s choice from menus corresponding to wages $22/hr and $50/hr respectively.2 (iv) Point out how the choices relate to the finding in the study.Question: 1. Calculate the gross income for someone who works 38 h at $12.50/h You don't need to to this for me, I just need someone to explain how I can answer this question, because there is more like this.
- Bill Mason is considering two job offers. Job 1 pays a salary of $39,700 with $5,390 of nontaxable employee benefits. Job 2 pays a salary of $38,000 and $6,600 of nontaxatle benefits. Use a 15 percent tax rate. a. Calculate the monetary value of each job. b. Which position would have the higher monetary value? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the monetary value of each job. Note: Round your final answers to the nearest whole number. Job 1 Job 2 Monetary ValueAnswer the following: You are contemplating a job offer with an advertising agency where you will make 54,000 in your first year of employment. Alternatively, you can begin to work with your father's business where you will earn an annual salary of 38,000. 1. Where will you work? a. Advertising agency b. Fathers business c. I choose not to work 2. If you choose to work where you will earn most, what is the opportunity cost? a. 54,000 b. 38,000 3. What is the differential revenue?a. 54,000 b. 38,000 c. 16,000You work in a company. You are offered the choice of two payments streams. A. $250 paid now. B. $150 paid now, $50 paid three months from now, and $150 paid ten months from now. If you want both of them to be equal, What should the intrest rate be?
- Suppose that you decide to go to summer school. Your tuition cost is $3,000, books and supplies cost $300, and room and board cost $1,000. You would not work while you attend summer school. If you did not go to summer school you would take a summer job which earns you $5,000 for the summer and your cost of room and board in the summer would be $2,000. Considering only this information, what is the dollar value of your total opportunity cost of attending summer school?You have a job in a company that pays you P350,000 per year. For a better future, you want to get a Master's degree that could cost P100,000 but cannot continue your job while studying. If you decide to give up your job and return to school to earn a Master's degree, how much would be your opportunity cost?how do i answer this
- You are more likely to hire a plumber to repair a leaky drainpipe if: 0000 the tax rate on your earned income rises. you already own the specialized tools required to complete the plumbing repair work. the opportunity cost of your time is high. you possess knowledge and experience in plumbing repair work. the transaction cost of entering into a plumbing contract increases because of government regulations.please help meYou have been hired for your dream job in healthcare. Your salary is $10,000 per month. Your taxes are $2500 per month. Your rent, food and transportation are a total $5000 per month. How much is your gross income? How much is your disposable income? What is another more common word for disposable income? How much is your discretionary income? Give me one example of what you would use your discretionary income for and how much you'd spend on that item?
