A: it is considered no fault coverage even if the insured is party responsible for loss B: it is a program that provides medical coverage if a worker gets hurt on the job C: Workers' Comp is regulated by the state government D: Workers' Comp Covers medical benefits at a limit of $1,000,000 per worker.
Q: A profit maximizing firm produces output using capital, K, and labour, L, in the following…
A:
Q: A decorator, who is a monopolist, makes two types of specialty picture frames. From experience, the…
A: We are given, 1st type of frame, Production = x unit Selling price of 1 unit = (100 - 2x) dollars…
Q: What is the answer for item (a)? Provide answer in whole numbers, no comma, no units. (Example: Php…
A: Answer is given below
Q: PROBLEM NUMBER 1 A farmer can plant up to 8 acres of land with wheat and barley. He can earn…
A: A company's optimal point is when it is producing a large amount of items at the lowest feasible…
Q: Stock Market Prices: Demand and supply in Action Firms that are quoted on the stock market can raise…
A: A stock market, sometimes also known as an equity market or a share market, is a place where buyers…
Q: Whales Inc. just invested in revolutionary electrical shock technology that is guaranteed to…
A: Equipment Cost 16250 Revenue 6500 Cost 1st year 500 cost after 1st year 250 Salvage value…
Q: Question 9 A firm has a cost function cL, K) = wL + rK with a production function pL,K) = AL“ K® .…
A: Lagrange approach is used to minimise or maximise a function subject to a constraint
Q: Consider a company whose long run total cost function is TC= 200q -20q^2 +q^3 and whose marginal…
A: MC cuts intersect ATC at its minimum point. So, at MC = ATC we get the quantity level at which ATC…
Q: 1. Pareto Optimality: B A X, M Private Goods and Services per Year 1.1 From the Production…
A: Answer 1.1 Pareto efficiency, also known as Pareto optimality, is an economic state in which…
Q: 4. In a CDS the accrual payment is a payment made by CDS and occurs when the to CDS defaults a.…
A: Investment refers to the dedication of an asset to attain a rise in value over a period of time.…
Q: 7. What is scarcity? In market economies, what determines the distribution of scarce goods and…
A: Scarcity is the basis of the essential problem of Economics i.e the distribution of limited means…
Q: please show all calculations Draw a budget line with good X on the x-axis and Good Y on the Y axis.…
A: The income effect happens when a price change affects a consumer's real income, whereas the…
Q: “Trade policies determine the size of markets for the output of firms and hence strongly influence…
A: International business is done with the goal of expanding and diversifying commercial activities…
Q: Economics I know the answers are 21% 21% and $18,784,100 i just need to know how to get there. Month…
A: The sum of a person's taxable income from all sources is totaled up and then divided by the total…
Q: Quantity (tickets per show) Price Total cost Big Top is the only circus in the nation. The table…
A: Since you have asked multiple question, we will solve the first three subparts as per honor code for…
Q: If the social costs of an economic activity are $120 and the private costs are $75. then the…
A: Given: Social Costs = $120 Private Cost = $75
Q: Suppose a competitive market has a horizontal long- run supply curve and is in long-run equilibrium.…
A: In financial matters, the long-run is a hypothetical idea wherein all markets are in harmony, and…
Q: (i) Discuss the Lucas Critique.
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Determine whether each of the statement is true, false, or uncertain. If the statement is false or…
A: The perfectly competitive firm is one that sells a homogeneous product to a large number of…
Q: A reserve price is a minimum price set by the auctioneer. If no bidder is willing to pay the reserve…
A: Bidding: Bidding can be defined as an offer to establish a price for a commodity, either by an…
Q: Draw a downward-sloping demand curve for labor and an upward-sloping supply curve of labor in a…
A: Labour demand and labour supply curve are very significant in the determination of real wage rate .…
Q: In the following matrix for the profits of two dry cleaners with the decision whether or not to…
A: "Dominant strategy" is a term in the game hypothesis that alludes to the optimal choice for a player…
Q: 1. An individual has a utility function, U(q,42) = /91 q2). %3D (Mathematical assistance: x = : (a)…
A: We have given utility function U = (q1q2)1/2 where p1 and p2 are prices of q1 and q2.
Q: What will happen to the market supply curve of gadgets if a new gadget producer enters the market?…
A: Supply Curve: - supply curve is the graphical way of showing the relationship between the quantity…
Q: Industrialization should start from a sound agricultural base. Why? What could be a contribution of…
A: Industrialization should begin with a strong agricultural foundation since it allows fewer farmers…
Q: What are marketing, operations, finance, and human resource of Alibaba Group: The Rise of a Platform…
A: Alibaba, which began as a tool to assist small Chinese businesses with export transactions in 1999,…
Q: Data from The Economist BigMac index from January 2021 shows that the local price of a Big Mac in…
A: The PPPR computed Currency X = Currency Y *(adjusted to value of volatility) We have, Denmark Big…
Q: Estimates for one of two process upgrades are as follows: First Cost = Php 40,000 Annual Cost = Php…
A:
Q: Jimmy just graduated from a top medical school and is currently deciding which hospital emergency…
A: Unemployment refers to the state in which a person does not have any job even though he is actively…
Q: The government can achieve permanent higher growth rates by having two determinants of growth. The…
A: There are two determinants that can achieve permanent and higher economic growth. Capital…
Q: A competitive firm maximizes profit when marginal cost: a. equals the price. b. is less than the…
A: There are many firms offering the same identical products in a market system with perfect…
Q: Discuss Drago Kos United Nation Convention Against Corruption standpoint
A: Corruption can lead to cause inefficiency in the normal functioning of the economy, to stop the…
Q: A construction management company is examining its cash flow requirements for the next few years.…
A: Future worth represent the worth of the present asset with determined rate of growth , if the Future…
Q: In the market for beef, the price of a pound of beef rises. Explain the effect of this event on the…
A: Supply curve shows a positive relationship between price and quantity supplied. There are various…
Q: The average revenue for a certain firm is giver by AR = 360 – 24q. %3D Comment on the relationship…
A: We are given, AR = 360 - 24q Now we will calculate MR For this, we will find TR TR = AR x q = (360…
Q: QUESTION 20 In a perfect competitive market, companies will make zero profits in the long run…
A: Perfect competition describes a market arrangement in which major vendors of a good all provide the…
Q: 4. A nation has an adult population of 75 million people. There are 45 million employed people and…
A: Since you have posted multiple questions, as per the guidelines we can solve only one question per…
Q: (a) DEMAND RATE When the price of a certain commodity is p dollars per unit, customers demand x…
A: The demand rate is characterised as the number of units, and the worth of a thing mentioned by a…
Q: explain how taxes and subsidies can be used to internalize externality. Next, give an example of the…
A: Tax is an obligatory instalment to the public authority by the pay gatherings. The subsidy is an…
Q: Question 1 of 20 A short-term savings strategy is most useful for people who want to: O A. withdraw…
A: There are different type sof investments in which an individual can invest his money to earn extra…
Q: What is leverage ratio and how its applied to Auto Industry?
A: A leverage ratio refers to one of numerous financial metrics that examines how much money originates…
Q: If output is $7500, the level of capital is 600, capital's share of total income is 0.6, and the…
A: The central idea of neoclassical distribution theory is that money is earned through the production…
Q: What happens to the supply curve for labor (shifts to the right/left or stays the same) in the…
A: Since you have posted a question with multiple sub parts, we will solve first three subparts for…
Q: Problem 8. Compute the future worth in year 10 at i= 12% per year for the cash flow shown below.
A: Given cashflows for 10 years Future worth of each cashflow = cashflow * (1 + rate)^time total future…
Q: Suppose that you are hired as business consultant for a company, and after collecting data you…
A: Profit is a function of Price(P) and advertising (A)
Q: Suppose you have one type of customer who comes to see your team play and that customer has a demand…
A: Equilibrium level is achieved when marginal cost and marginal revenue are equal to eachother. This…
Q: Please answer both questions with step by step explanation We begin by examining the model with…
A: The total cost is divided into two categories that are a total fixed cost and total variable cost.…
Q: 39. A product of inmate labor produced under the state-use system would be Ojet skis. Oproduct…
A: The state jail system is beset by issues ranging from overpopulation to widespread violence. Its…
Q: When the number of competing firms is small in a market, is this market necessarily different from a…
A: Market structure is categorized on the basis of number of firms and type of the goods. If number of…
| All of the following is CORRECT about Workers' Compensation EXCEPT: | |
| A: it is considered no fault coverage even if the insured is party responsible for loss | |
| B: it is a program that provides medical coverage if a worker gets hurt on the job | |
| C: Workers' Comp is regulated by the state government | |
| D: Workers' Comp Covers medical benefits at a limit of $1,000,000 per worker. |
Step by step
Solved in 2 steps
- various types of worker’s compensation benefits for truck drivers in canadaWhat can a company do to help employees with disabilities perform activities that might otherwise be difficult or impossible for them? A) Informally promote glass ceiling B) Enrich jobs C) Invest in assistive technologies D) Perform succession planning E) Promote ethnocentrismWhich best describes workers’ compensation insurance? It is federally mandated but administered by the states. It is not federally mandated but administered by the states. It is federally mandated and administered. It is optional.
- Wilson is injured on the job when a forklift tips over and falls on him. His boss knew the forklift was in disrepair and dangerous but allowed the forklift to be used. Can Wilson collect worker’s compensation benefits? Can Wilson sue his employer for negligence?Union membership in the United States is lower than in many other high-income countries due to Group of answer choices Gender and racial discrimination. Different legal environments and cultural attitudes toward unions. Different attitudes toward health care between the two groups of countries. The collusion between large corporations and the federal government.Small business owners cannot compete for employees based on their benefits plans. Larger companies offer more benefits. List the mandatory benefits that small businesses must provide to employees. Discuss and rank order some other benefits that would be most attractive to employees in order to attract and retain them.
- Which statement is correct regarding income guarantee programs? a-Preferences are not relevant in evaluating the costs of income guarantee programs. b-Workers generally work more with income guarantee programs with less than 100% reduction rates. c-Workers generally prefer income guarantee programs with 100% reduction rates. d-There is no benefit reduction rate guaranteed to maximize hours worked.The Employment Act, of 1955 is the main legislation on labour matters in Malaysia. The Employment Act provides minimum terms and conditions (mostly of monetary value) to a certain category of workers Discover the types of paid leave. Appraise the benefit for female employees provided under the Act.Social security provides to all of the following except— disabled persons who are unable to work, able-bodied persons who choose not to work, retired persons who have reached the appropriate age, minor children whose parents are unable to care for them
- 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 will the following issues shape compensation professionals' work for years to come: Increased minimum wage rate. Gender pay gap. Workforce demographic shifts. Compensation-productivity gap.What are the potential costs and benefits of offering employee programs recognizing contributions? What do you prefer, individual incentives or group incentives?