You need to hire some new employees to staff your startup venture. You know that potential employees are distributed throughout the population as follows, but you can't distinguish among them: Employee Value Probability $40,000 0.1 $53,000 0.1 $66,000 0.1 $79,000 0.1 $92,000 0.1 $105,000 0.1 $118,000 0.1 $131,000 0.1 $144.000 0.1 $157,000 0.1 The expected value of hiring one employee is $_ Suppose you set the salary of the position equal to the expected value of an employee. Assume that employees will not work for a salary below their employee value. The expected value of an employee who would apply for the position, at this salary, is $_. Given this adverse selection, your most reasonable salary offer (that ensures you do not lose money) is

Please no written by hand solutions You need to hire some new employees to staff your startup venture. You know that potential employees are distributed throughout the population as follows, but you can't distinguish among them: Employee ValueProbability$55,0000.1$64,0000.1$73,0000.1$82,0000.1$91,0000.1$100,0000.1$109,0000.1$118,0000.1$127,0000.1$136,0000.1 The expected value of hiring one employee is ? Suppose you set the salary of the position equal to the expected value of an employee. Assume that employees will not work for a salary below their employee value. The expected value of an employee who would apply for the position, at this salary, is ? Given this adverse selection, your most reasonable salary offer (that ensures you do not lose money) is ? .

Health and safety regulations in the labor market Multiple Choice O O are always efficient because they improve working conditions. should be evaluated by comparing their costs to their benefits. can lead to an increase in frictional unemployment. Saved are necessarily inefficient if they impose additional costs on employers.

Labor Market Data Price $5 $10 $15 $20 $25 Qs 1,000,000 3,000,000 5,000,000 7.000.000 9,000,000 Qd 9,000,000 7,000,000 5,000,000 3,000,000 1,000,000 Price $30 $25 $20 $15 。 $10 $5 I 0 I 1 I I I T I I I I N I 1 I I -Y- 1 J Im 3 I " 2₂ Y J I I J I I T A J 7 I I I -t T 5 Quantity (In millions) Area of a triangle = 1/2 * base* height Market Efficiency & Total Surplus J 9 Do Worth Publishers SCENARIO: The state government is considering raising the minimum wage from $15 per hour to $20 per hour over the next 3 years. As an economic advisor to the governor, you have been asked to provide a recommendation on whether the minimum wage should be increased based on economic theory. Consider the labor market data provided. Prepare a brief report that: 1. Explains whether the labor market is currently efficient at the equilibrium wage of $15 per hour. How would you know? At equilibrium, what (dollar amount) is the Total Surplus this market provides? Show your rationale with numbers. 2. Analyzes the…

How many employees does Max's Group Inc. have as of now?

Jack Reminds Samuel that, as an early career professional, he’s only making a fraction of the average American household income used in the chart ($78,635). So, he recommends Jack calculate what his monthly Pension & Personal Insurance cost would be if it was in proportion to the salary he’s making. How much would this be?

"An employer will not invest in general training for its employees." Agree or disagree with the statement and justify your response.

Gloria has 14 employees. She has to choose seven of them for a project team.In how many different ways can Gloria select employees for the project team?

An employer faces two types of employees. Regular workers at 90% of the population and generate $75,000 in productivity. Exceptional workers are 10% of the population and generate $100,000 in productivity. Employers know their types and rejects salaries below their productivity. If employer offers a salary equal to the average productivity in the population, what will be the employer’s per employee profit? How can this be fixed?

Can i get some help with this one?