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katrin [286]
3 years ago
5

g Suppose a worker with an annual discount rate of 8 percent currently resides in Chicago and is deciding whether to remain ther

e or to move to Phoenix. There are three work periods left in the life cycle. If the worker remains in Chicago, he will earn $40,000 in each of the three periods. If the worker moves to Phoenix, he will earn $43,500 in each of the three periods. What is the highest cost of migration that a worker is willing to incur and still make the move
Business
1 answer:
Annette [7]3 years ago
4 0

Answer:  $9,741.43‬

Explanation:

The highest cost of migration that the worker is willing to incur is the one that will equate the present value of the salary in Phoenix to the salary in Chicago.

Chicago = 40,000 + 40,000/(1 + 8%) + 40,000/ (1 + 8%)^2

= $111,330.59

Phoenix = 43,500 + 43,500/(1 + 8%) + 43,500/ (1 + 8%)^2

= $121,072.02

Hoghest cost of migration = 121,072.02 - 111,330.59

= $9,741.43‬

If the Cost of migration exceeds $9,741.43‬, the worker should stay in Chicago.

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This is a value assessment in the form of a subjective statement. According to this viewpoint, the period of jobless benefits should be increased. It cannot be verified by the evidence at hand. Therefore, it is a declaration of norm. In the case of a positive assertion, the statement is factual and can be put to the test using the information at hand. However, this claim is subjective and dependent on opinion.

<h3>What is unemployment?</h3>

When someone actively searches for work but is unsuccessful, they are said to be unemployed. It is regarded as one of the important indicators of the health of the economy. The most popular technique for calculating a nation's unemployment rate is the unemployment rate. This may be calculated by simply dividing the entire population that makes up a country's work force by the number of unemployed persons. Governments at the federal, state, and municipal levels frequently work to provide job opportunities to those who fit the requirements they have established. Typically, work is made available to groups of people for a set minimum wage that is sufficient for basic survival and gives them more opportunities to find permanent jobs.

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7 0
9 months ago
Worlds of Fun is preparing to open its newest theme park in Shanghai. Once open, the marketing department will be collecting lot
erik [133]

The correct answer would be, Primary Data.

This type of research is described by marketing professionals as the collection of Primary Data.

Explanation:

There are two types of data that is being collected and used for a research. They are as follows:

  1. Primary Data
  2. Secondary Data

Primary data is the data which is collected for the purpose for which the research is being conducted. Secondary data is the data which was collected for some other purpose but can be used in the current research as well.

So when the marketing department will collect a lot of information on what customers want while they are at the park, through surveys and direct questioning, the team of marketing department will basically be collecting the Primary data for their research in which they will come to know about the customer needs and wants directly.

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6 0
2 years ago
Describe the leadership lessons you think starbucks leadership lab provided store managers.
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One of the most important lessons that the Starbuck's leadership lab provides to its store managers is developing the a sense of corporate pride and responsibility, along with the element of understanding the importance of a positive customer interface and assisting the manager's in developing that positive atmosphere in the context of their stores.
6 0
3 years ago
Although generous disability insurance can help those who have been permanently injured, it can also increase the likelihood tha
emmasim [6.3K]

Answer:

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Explanation:

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For example, salary and bonuses are incentives for workers. This makes the worker work better and harder and more efficiently because he/she knows that there is something to encourage him for doing his/her work diligently.

Incentive can be direct or indirect as in the case of the above question.

In the case of the above question, a generous disability insurance can motivate workers to falsely claim to be disabled. This means that the financial implication of the insurance package for disability is most likely the only reason for workers to claim false disability.

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4 0
3 years ago
In the Keynesian-cross model, fiscal policy has a multiplied effect on income because fiscal policy: changes income, which chang
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Answer:

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5 0
3 years ago
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