2. Alternative explanations of wage disparities Suppose that a labor economist claims that recipients of economics Ph.D.s gain little in terms of acquired productive skills from their graduate studies but that, instead, the degree simply reflects a high level of inherent mathematical ability. Which one of the following characterizes the labor economist's perspective on the link between education and wages?

A. Compensating differentials
B. Human capital
C. Signaling
D. The superstar phenomenon

A famous rapper has earned enormous sums of money by supplying creative music to millions of fans. Which of the following statements characterize this market in which some earn astronomical incomes while others (who may have similar talent) earn very little? Check all that apply.

A. Because of technology, his music is essentially a public good
B. The best recording artists have high levels of human capital
C. The best recording artists earn dramatically more than good or mediocre artists
D. Customers in this type of market prefer having twice as much of a good from a recording artist half as talented as the superstar
E. Nearly all customers in the market desire the good supplied by the superstar.

Answers

Answer 1

Answer:

2. The link between education and wages is established with the signaling theory of education.

3. The best recording artists earn dramatically more than good or mediocre artists and Nearly all customers in the market desire the good supplied by the superstar.

The signaling theory states that people's future ability to be productive and earn more wages could be judged based on their educational level.

However, it also explains the independent behavior of productivity from education and does not guarantee efficient productivity from highly educated people.

The markets where one person may earn enormously more than others are seen in the music industry. It is because artists who can spend more on music are able to reduce their musical flaws than those who do not have much money to make great musical recordings.

Similarly, products that are endorsed by super starts earn more sellings than others as customers trust products more that are endorsed by their favorite celebrities.

Learn more about signaling theory and here:

brainly.com/question/13987844

Answer 2

Answer:

Answer:

C. Signaling.

E. Nearly all customers in the market desire the good supplied by the superstar.

C. The best recording artists earned dramatically more than good or mediocre artists.

Explanation:

The corrects answers to the given questions are

2. C Signaling

According to signaling theory productivity is not dependent on education however education serves as a signal for higher productivity.

E. Nearly all customers in the market desire the good supplied by the superstar.

C. The best recording artists earned dramatically more than good or mediocre artists.

The fans eagerly wait for their favorite artist to perform and this lets the artist earn enormous amount of money. The rapper has selected the strategy to supply creative music to his millions of fans who will keep listening to the music again and again this will enhance his popularity and will ultimately result in more money

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When the seller does not give the buyer instructions concerning the disposal of the goods upon rejection and whether the goods are not perishable, the buyer: A. can resell the goods for the seller, but cannot keep a commission on the sale.B. cannot reship them to the seller without the seller's instructions.C. can resell them for the buyer's benefit.D.can give reasonable time for the seller to reclaim the goods
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Kirnon Clinic uses client-visits as its measure of activity. During July, the clinic budgeted for 3,650 client-visits, but its actual level of activity was 3,590 client-visits. The clinic has provided the following data concerning the formulas to be used in its budgeting: Fixed element per monthVariable element per client-visit Revenue - $39.90 Personnel expenses$35,900 $11.10 Medical supplies 1,900 7.90 Occupancy expenses 8,900 1.90 Administrative expenses 5,900 0.10 Total expenses$52,600 $21.00 The activity variance for administrative expenses in July would be closest to: Multiple Choice $66 F $6 U $66 U $6 F

Sorin Inc., a company that produces and sells a single product, has provided its contribution format income statement for January. Sales (3,600 units)$108,000 Variable expenses 49,680 Contribution margin 58,320 Fixed expenses 44,300 Net operating income$14,020 If the company sells 4,300 units, its total contribution margin should be closest to: (Do not round intermediate calculations.)

Answers

Answer:

$69,660

Explanation:

For computing the contribution margin first we have to determine the contribution margin per unit which is shown below:

Contribution margin per unit = Contribution margin ÷ Number of units

= $58,320 ÷ 3,600 units

= $16.2

Now if the sales unit is 4,300 so the contribution margin is

= Sales units × contribution margin per unit

= 4,300 units × $16.20

= $69,660

Consider the following spreadsheet. The objective is to minimize the total cost of assigning jobs to machines. A job can be assigned to only one machine and a machine can be assigned only one job. All jobs must be assigned. Cells B3:F7 contain the assignment costs of jobs to machines. Cells B12:F16 contain the decision variables. a) What formula should be placed in cell I3

Answers

Available Options Are:

A. =SUM(G12:G16).

B. =SUMPRODUCT(B3:F7, B12:F16)

C. SUMPRODUCT(B3:F7, B12:F16).

D. =SUM(B12:F16)

Answer:

Option B. =SUMPRODUCT(B3:F7, B12:F16)

Explanation:

Here we need summation of two rows B3:F7 and B12:F16. The formula that we will use will be SUMPRODUCT. To calculate sum product in I3 we will edit equal sign first and then "SUMPRODUCT(,)". Then complete the rows that we want to add. Before the coma sign we will place the first row which is B3:F7 and after the coma sign we will place the second row which is B12:F16. In this way we would compute the summation of values present in both rows.

This means that only Option B is correct here.

Option A is not correct because it is the summation of cells present in a single column which doesn't include any cost item assigned. Hence it is incorrect as the formula must be the summation of 2 rows.

Option C is incorrect because it doesn't includes equal sign at the start.

Option D is incorrect because it is only the sum of a single row B12:F16, hence it is incorrect.

Two firms, A and B, each currently dump 50 tonnes of chemicals into the local river. From now on both firms will require a pollution permit for each tonne of pollution dumped into the river. The government gives each firm 20 tonnes’ worth of pollution permits, which it can either use or sell to the other firm. It costs Firm A $100 for each tonne of pollution that it eliminates before it reaches the river, and it costs Firm B $50 for each tonne of pollution that it eliminates before it reaches the river. What is likely to happen?

Answers

Answer:

10 fewer tons of pollution into the river and Firm B will dump 50 fewer tons of pollution into the river.

Explanation:

Firm B will SELL ALL of its allotted 20 permits, and clean up all of its 50 units of pollution. The price per permit will be above $50 each. Firm A will BUY ALL 20 of B's permits. It will then dump 40 tons into the water, and will clean up its remaining 10. The price it pays for a permit will be under $100.

Answer:

Firm B will sell all its permits to Firm A i.e ( lesser chemical dumps into the river )

Explanation:

Firm B will rather sell all its 20 tonnes worth of pollution permit to firm A because it would cause Firm B lesser than Firm A when they dispose off their wastes before it gets to the River hence they will rather dispose off their waste rather than paying/purchasing pollution permits while

Firm A will buy out all of Firm B's allotted pollution permits to reduce the number of tonnes they would dispose off before getting to the river. this is because it would cause them more when they dispose off their waste before getting it to the river. hence the End product of the whole arrangement will be Chemical dumps into the River will be reduced drastically to 40 overall instead of 100 due to the cost of dumping permits.

Which of the following measures the percentage change in earnings before interest and tax(or operating cash flow) associated with a given percentage change in sales? A) Degree of financial leverage B) Degree of operating leverage C) Degree of total leverage D) Degree of weighted averageWhat does P/E Ratio of a 10 indicate?
a. It would take 10 years for an investor to recover his or her initial investment
b. The firm will pay a dividend of $10 per share.
c. The value of the stock will be 10 times the initial investment at the time of maturity.
d. An investor would receive 10 percent of the total earnings of the firm, at the time of liquidation

Answers

Answer:

1. Measure of the percentage change in earnings before interest and tax or operating cash flow:

B) Degree of operating leverage

2. P/E Ratio of 10 indicates that:

c. The value of the stock will be 10 times the initial investment at the time of maturity.

Explanation:

Company B's degree of operating leverage is the financial measure that shows the degree of change of the operating income of the company in relation to a change in her sales revenue. With this measure, investors and analysts of Company B are able to evaluate how sales impacts the company's operating income. There are many ways to measure a company's degree of operating leverage. One of the methods subtracts the variable costs of sales and divides that number by sales minus variable costs and fixed costs.

Company A's P/E ratio or price/earnings ratio is the measure of the relationship between the current market price and its earnings per share. It is used to evaluate the value of the company's stock. It points out whether the company's stock is undervalued, overvalued, or correctly valued.

The net income reported on the income statement for the current year was $250,771. Depreciation recorded on fixed assets and amortization of patents for the year were $35,093 and $10,838, respectively. Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows:End Beginning
Cash: $50,000 $60,000
Accounts receivable: 112,000 108,000
Inventories: 105,000 93,000
Prepaid expenses: 4,500 6,500
Accounts payable-
(merchandise creditors): 75,000 89,000

What is the amount of cash flows, from operating activities, reported on the statement of cash flows, prepared by the indirect method?

Answers

Answer:

The amount of cash flows, from operating activities, reported on the statement of cash flows, prepared by the indirect method is $268,702

Explanation:

The Net Income for the year is adjusted for non-cash items, items appearing elsewhere and items in movement of working capital to arrive at the net cash flow from operating activities using the indirect method.

Cash flows, from operating activities

Net income $250,771

adjusted for non-cash items

Depreciation $35,093

Amortization $10,838

adjusted for items in movement of working capital

Increase in Accounts receivable ($4,000)

Increase in Inventories ($12,000)

Decrease in Prepaid expenses $2,000

Decrease in Accounts payable (14,000)

Net Cash flows, from operating activities $268,702

Other things the same, an increase in taxes with no change in government purchases makes national saving a. rise. The supply of loanable funds shifts right. b. rise. The demand for loanable funds shifts right. c. fall. The supply of loanable funds shifts left. d. fall. The demand for loanable funds shifts left.

Answers

Answer:

Explanation:

Loanable funds is the total amount of money individuals in an economy save and lend out out to borrowers

Increase in taxes would decrease the benefits of saving and as a result, national savings would reduce

If national savings reduce, the supply of loanable funds would also reduce. this would shift the supply curve to the left

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In the Month of March, Baldwin received orders of 113 units at a price of $15.00 for their product Bell. Baldwin uses the accrual method of accounting and offers 30 day credit terms. Baldwin delivers 113 units in April. They received payment for 57 units in March, and 57 units in April. In the March income statement, how much revenue is recognized on the March income statement from this order?