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nikklg [1K]
3 years ago
12

You are earning $40,000 per year as a branch manager at Dunkin Donuts. You are planning on leaving your job and going back to co

llege; upon learning this, your branch manager offers you a 10% increase in salary to stay. Knowing this, how does the opportunity cost of going to college change?
Business
1 answer:
sergij07 [2.7K]3 years ago
3 0

Answer:

It increases the opportunity cost because you are foregoing more money for college.

Explanation:

Opportunity cost is the benefit profit, or value of something that is missed or given up when an individual chooses one alternative over another.  

The 10% rise in salary offered by the branch manager increases the opportunity cost of going to college. This is because the higher cost (money) you could have earned by not going to college is foregone.

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An employee of a firm has a job where the employee can easily adjust the number of hours they work for the employer per year. Th
USPshnik [31]

Answer:

The answer to both a and b is in the explanation below

Explanation:

a) The increase in wage can either decrease or increase the hours worked. This is became an increase in wage has both substitution effect and income effect that work in different directions. Substitution effect An increase in wage increases the opportunity cost of leisure, thereby making the worker increase number of hours worked. Income effect The increase in wage also makers the worker richer, thereby making the worker decrease number of hours worked.

Since no information about worker's preferences is given, we do not Imow which effect will dominate the other effect and, therefore, we do not know what the net impact of the increase in wage will be.

b) The bonus will only have income effect. The bonus will make the workers richer, thereby making the worker decrease number of hours worked.

If in part a), the substitution effect and income effect are equal in magnitude, then there will be no change in the number of hours worked. The number of hours worked will remain the same at 2000 hours. Since the employer would be paying $5 extra on each hour worked, the cost to the employer of increase in wage would be $10,000 (=2000 x $5), which is the same as the bonus in part b).

6 0
2 years ago
After informing his employer that he had cancer, Maury was abruptly fired. The federal legislation that prohibits discrimination
DIA [1.3K]

Answer:

A) the Fair Labor Standards Act.

Explanation:

The fair labor standard act is a federal legislation set up to protect employees from certain sharp practices by employers which pertains to pay packages, minimum wage, record keeping in private or governmental organizations.

This also includes employment standards followed by employers when recruiting workers.

7 0
3 years ago
What are the major jobs of MBBS doctor?​
Phantasy [73]
Physician
Surgeon
Professor
Scientist
6 0
1 year ago
Final goods and services refer to:
Andrew [12]

Answer:

= goods and services purchased by

ultimate users, rather than for resale or further processing.

Explanation:

= goods and services purchased by

ultimate users, rather than for resale or further processing.

= goods and services purchased by

ultimate users, rather than for resale or further processing.

= goods and services purchased by

ultimate users, rather than for resale or further processing.

= goods and services purchased by

ultimate users, rather than for resale or further processing.

= goods and services purchased by

ultimate users, rather than for resale or further processing.

= goods and services purchased by

ultimate users, rather than for resale or further processing.

= goods and services purchased by

ultimate users, rather than for resale or further processing.

6 0
3 years ago
a tax rate on a house with a $350,000 taxable value is 9 mills per thousand dollars of assessed valuation. what is the annual ta
topjm [15]

The annual tax bill will be $3150.

<h3>What is a tax ?</h3>
  • Taxes are mandatory contributions levied on individuals or corporations by a government entity—whether local, regional, or national.
  • Tax revenues finance government activities, including public works and services such as roads and schools, or programs such as Social Security and Medicare.
  • In economics, taxes fall on whoever pays the burden of the tax, whether this is the entity being taxed, such as a business, or the end consumers of the business’s goods.
  • From an accounting perspective, there are various taxes to consider, including payroll taxes, federal and state income taxes, and sales taxes.

The house tax on the house is $350,000

now, the taxable value is 9 mills per thousand dollars of assessed valuation

then, the annual tax bill =  house tax × taxable value

the annual tax bill =  $350,000 × 9/1000

the annual tax bill =  $3150

To learn more about tax with the given link

brainly.com/question/16423331

#SPJ4

8 0
1 year ago
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