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MakcuM [25]
3 years ago
9

Let L1 and L2 be two lotteries with the same expected return. Suppose L2 has a larger variance and you are risk averse. Would yo

ur CE for L2 be larger or smaller than your CE for L1?
Business
1 answer:
WITCHER [35]3 years ago
6 0

Answer:

option 2)  smaller

As CE is the amount which if the agent gets with certainty, then agent will be indifferent between playing lottery or getting that amount with certainty

So L2 is more risky, & agent is risk averse, so agent will be ready to accept a lower amount with certainty ( as compared to the amount for a safer option : L1)

So CE of L2 will be lower

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Employee ExemptionsIdentify each job as generally being considered exempt or not from minimum wage or overtime pay (write a or b
tigry1 [53]

Answer:

certain jobs are excluded from minimum wage or overtime requirements. E.g. generally white collar jobs are exempt. Exemptions include other types of jobs, especially temporary jobs.

__B___ 6. Auto mechanic

___A__ 7. Fruit picker ⇒ seasonal job

__A___ 8. Worker on a foreign-flag cruise ship ⇒ they are not employed by an American company

__B___ 9. Librarian

__A___ 10. Taxi driver ⇒ earn sales commissions

__A___ 11. Real estate agent ⇒ earn sales commissions

__B___ 12. Bellperson at a hotel ⇒ They are not exempt, but their minimum wage is much lower.

__A___ 13. Computer programmer (paid more than $27.63 per hour)

__A or B___  14. Hairdresser ⇒ depends if they are paid based on sales commission or not, or if they receive tips. Hairdressers that receive commissions are exempt, and those who receive tips have a lower minimum wage. Only hairdressers that are paid on an hourly rate and do not receive commissions or tips must be paid a minimum wage. This applies generally to apprentices.

__B___ 15. Bank teller

4 0
2 years ago
When managing your human resources, _____________ is the process of deciding who should be hired, under legal guidelines, to ser
UkoKoshka [18]

Answer:

Interview

Explanation:

An interview is an official conversation between an interviewer and interviewee. The purpose of the interview is to asses whether the interviewee qualifies to hold the position. The interview process usually takes place on the employer premises. Apart from academic and work experience, the recruiting manager assesses other qualities that would make the candidate suitable to work in that organization. Such traits may include teamwork and leadership.

When conducting interviews, an employer will invite several qualified candidates.  The interviewer or the interviewing panel scores each candidate and selects the best. The interview presents the candidate with an opportunity to learn fine details about a potential employer. Specific detail about the job, such as the terms and conditions, are disclosed.  

3 0
3 years ago
Zurasky Corporation is considering two alternatives: A and B. Costs associated with the alternatives are listed below: Alternati
vichka [17]

Answer:

Differential cost of Alternative B over Alternative A=$61,600

Explanation:

Differential Cost:

It is the difference in costs if there are more than one alternatives and one alternative is chosen while rejecting the other alternatives.

In order to calculate the differential cost of Alternative B over Alternative A, including all of the relevant costs we first calculate the total cost of both alternatives and then tae the difference.

Total Of Alternative A=Material Cost+Processing Cost+Equipment Rental+occupancy costs.

Total Of Alternative A=$28000+$34000+$11000+$19500=$92,500

Total Of Alternative B=Material Cost+Processing Cost+Equipment Rental+occupancy costs.

Total Of Alternative B=$64000+$34000+$28500+$27600=$154,100

Differential cost of Alternative B over Alternative A=Total Of Alternative B-Total Of Alternative A

Differential cost of Alternative B over Alternative A=$154,100-$92,500

Differential cost of Alternative B over Alternative A=$61,600

5 0
3 years ago
The 10 million U.S. residents with the highest SES (and the best health care) outlive the 10 million with the lowest SES who liv
mamaluj [8]

The 10 million U.S. residents with the highest SES outlive the 10 million with the lowest SES who live in rundown areas by about  <u>30</u> years.

<h3>What is socioeconomic status (SES)?</h3>

Socioeconomic status can be defined as the status of people in a society or community as based on the followings:

  • Income
  • Occupation
  • Education

In the United State of America people who are educated and earn higher income including having the best health care tend to live longer compare to those who live in a very poor condition and has a  lowest SES.

Inconclusion 10 million U.S. residents with the highest SES outlive the 10 million with the lowest SES who live in rundown areas by about  <u>30</u> years.

Learn more about socioeconomic status here:brainly.com/question/3867614

7 0
2 years ago
A way that traditional retailers can compete with online retailers is to: Multiple choice question. use franchises that deliver
Arisa [49]

In order to compete with the online retailers, the traditional retailers can use franchises that deliver, require an administered system for all, and increase their market share.

<h3>Who is a retailer?</h3>

A manager or owner of a business organization or a unit that specializes in selling of products to their customers, which they procure from the supplier, is known as a retailer.

Hence, options A, C and D hold true regarding the traditional retailers.

Learn more about a retailer here:

brainly.com/question/22529010

#SPJ1

7 0
2 years ago
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