Suppose the wage WF is the wage in the formal, urban labor market, and WI is the wage in the informal, rural labor market. Suppose individuals will move from the rural area to the city seeking employment if: WI < P*WF , where the probability of employment P = 1 – (unemployment rate).
For part (a) only, use the following parameter values: P = .9, WI = 1 and WF = 2
( )under these conditions, will the individual migrate? (yes, no or indifferent)
( )Now, in abstract terms of WI and WF, what is the unemployment rate in the formal sector at which people stop migrating?

Answers

Answer 1

(a) Yes, nder these conditions, the individual will migrate because WI (1) is less than PWF (0.92), indicating that the wage in the rural labor market is lower than the expected wage in the urban labor market.

To determine if an individual will migrate, we need to compare WI (wage in the informal, rural labor market) and P*WF (the product of the probability of employment and the wage in the formal, urban labor market). In this case, WI = 1 and WF = 2. The probability of employment P is given as 1 - (unemployment rate).

Given P = 0.9, we can calculate the threshold value of PWF:

PWF = 0.9 * 2 = 1.8

Since WI (1) is less than PWF (1.8), the condition WI < PWF is satisfied. Therefore, the individual will migrate from the rural area to the city seeking employment.

(b) In abstract terms of WI and WF, people will stop migrating when the unemployment rate in the formal sector reaches a point where WI is equal to PWF. This can be represented as WI = P*WF.

We need to find the value of P that satisfies the equation WI = P*WF. In this case, WI = 1 and WF = 2. Substituting these values into the equation, we have:

1 = P * 2

Solving for P, we get:

P = 1/2

Therefore, when the unemployment rate in the formal sector is equal to 1/2, people will stop migrating.

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Related Questions

An article in a newspaper explains that a new business is about to open.

Answers

Answer:

So what's the question......??????

What is the definition of a team? What is teamwork? Why is learning to work well with others important in life? What is one issue that hinders you from wanting to work with other people? What is one thing you can change so you can be successful when working in teams?

Answers

Answer:

Team work is when every one comes together to do or accomplish something and the definition of team is a group of people that play for the same thing it's important in life because when you get into the real world you will have to work with other people even if you don't like them one issue that hinders you from wanting to work with other people is you don't like those other people one thing you can change so you can be successful when working in teams is try to get along with everyone else on the team.

Double-Dip makes ice cream. The only advantage Double-Dip has over its competitors is taste. Double-Dip costs more and has more calories per unit weight. Promotions for Double-Dip should emphasize the experiential hierarchy of the ABC model of attitudes.

True
False

Answers

It is true that the only advantage Double-Dip has over its competitors is its taste.

Who is a competitor?

Anyone who engages in business with, owns a company, participates in a sport team, or supports an institution is a competitor. In a race, a person is your competition if they're aiming to outrun you. In business, we don't merely say a person is a rival. Likewise, there are rivals in politics, acting, music, athletics, and other fields. A close competitor is referred to as a rival in business. As a result, competitors produce identical products and are of a similar size. We refer to two businesses as archrivals when they are industry leaders. Coca-Cola and PepsiCo, two market share leaders in the beverage industry, produce nearly identical goods. Coca-Cola and Pepsi are fierce competitors.

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A retailer buys books from publishers for $6 each and prices them for sale to consumers at $9. What percentage markup for these books?

Answers

Answer:

50% is the correct answer

Explanation:

Answer:50

Explanation:

just took the test

a bank form which lists the checks, currency, and coins an account holder is adding to a bank account.

Answers

The checks, cash, and coins that are being added to a bank account are listed on a deposit slip.

One can deposit and withdraw money from a bank account, make payments, send money to another person or organisation, pay bills online, and more. Bank accounts allow for cashless transactions and the receipt of direct deposits from employers or other organisations.

Opening a bank account can be one of the most crucial actions to achieve financial objectives. Because keeping money in an FDIC-insured bank account can provide monetary security, simple access to funds, cost savings from check cashing costs, and general monetary peace of mind.

Deposit account funds are used by banks to fund loans to other people or companies. The borrower pays interest on those loans to the bank in return.

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Which of the following are typically not part of the duties of a corporate travel manager?
-planning meetings and conferences
-managing travel budgets
-arranging business travel for company employees
-booking a cruise for employees' families

Answers

Answer:

booking a cruise for employees' families

Explanation:

A corporate travel manager is a senior officer in a company whose duties revolve around facilitating business travel. Their roles include planning business trips, organizing the company's business events, and any other corporate travel-related tasks.

The corporate travel manager is in charge of implementing the travel budget. They have to find the most cost-effective way of traveling without compromising business productivity and the corporate image.

what is the meaning of form of business organization? don't spam​

Answers

Answer and Explanation:

A business organization is an entity that focused on carrying out the enterprise on commercial activity by giving the products or services in order to meet out the needs and wants of the customers.

Here are different types of business organization that includes sole proprietorship, general partnership, limited liability, corporation, etc and based on each form there are different tax liability, duties, responsibilities

What would be the total cost of software F
over time?
$[?]
$6,000
Software E
Software F
$10,000
Satisfaction 75%.$0
Not Satisfied
Satisfaction,
Not Satisfied
25% $12,500
90%-$0
10% $5,000
Enter

Answers

The total cost of software F over time is - $3000.

The total cost of software E over time is $1,900.

Data and calculations:

Software cost F = 10,000

Satisfaction rate with F software = 75%

Cost of satisfaction level = 0

Dissatisfaction level cost = 12,500

Percentage of unsatisfied = 25%

The total cost of F software over time is - $3000 {($10,000 x $75% - $0) + ($10,000 x $25% - $12,500)}.

Software cost X = 6,000

Satisfaction rate with software X=90%

Cost of satisfaction level = 0

Dissatisfaction level cost = 5,000

Percentage of unsatisfied = 10%

The total cost of E software over time is $1,900 {($6,000 x 90% - $0) + ($6,000 x 10% - $5,000)

What is total cost?

Total cost refers to the amount of economic cost of production and consists of variable cost, which varies depending on the quantity of a good produced with inputs such as labor and raw materials, plus fixed cost, which is independent of the quantity of a good produced plus inputs that cannot be varied in the short term such as buildings and machinery, together with possibly sunk costs.

Therefore, the correct answer is as given above.

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Julie is completing her PowerPoint presentation on rescue dogs. She wants to include a picture of her dog as the background of her title slide. Under what tab can Julie find this feature? Animations Design Home Slide Show

Answers

Answer:

Its probably too late. but its Design

Explanation:

Answer:

Design

Explanation: I did the test and got it right

(a) Suppose you were offered an 18 -year, 13 percent annual coupon, RM1,000 par value bond at a price of RM1,494.93. Calculate; i. Yield to Maturity (YTM) (2.5 marks) ii. Yield to Call (YTC) if call price is RM1,200 and remaining years is 8 years. (2.5 marks) (b) A 20 year, 10\% annual-pay bond has a par value of RM1,000. What is the price of the bond if it has a yield to maturity of 15% (5 marks)

Answers

The yield to maturity (YTM) for the bond is approximately 14.5%. The yield to call (YTC) with a call price of RM1,200 and remaining years of 8 is approximately 16.4%.

How to calculate the yield to maturity (YTM) of the bond?

The yield to maturity (YTM) is the total return anticipated on a bond if it is held until it matures.

To calculate YTM, we can use the present value formula and solve for the discount rate that equates the present value of the bond's cash flows to its current market price.

In this case, we have an 18-year bond with a 13% annual coupon, a par value of RM1,000, and a market price of RM1,494.93.

By substituting these values into the formula, we can solve for the yield to maturity, which is approximately 14.5%.

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As sam walks down the street, a man asks him for $10. sam refuses. the man then asks for $2. sam gives him the money. the man has successfully used the:_________?

Answers

The man has successfully used the he man has successfully used the  reciprocal altruism.

Reciprocal altruism or reciprocity is one way to the evolutionary paradox of one man or woman making sacrifices for some other unrelated character. If people engage repeatedly, altruism may be favoured as long as the altruist gets a reciprocal benefit that is extra than its initial value.

An example is mutual grooming among many birds and mammals. Mutual help between individuals of various species is referred to as mutualism or symbiosis.

Reciprocal altruism is cleaning symbiosis, which include between cleaner fish and their hosts, though cleaners include shrimps and birds, and customers encompass fish, turtles, octopuses and mammals.

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Post-Assessment
Question 2 of 5
Why is buying a car considered "bad debt"?
It decreases in value over time
It increases your net worth as it build equity
It gives you transportation to and from your job
It is worth more than any other investment
Submit
Continue
E

Answers

The reason why buying a car considered "bad debt"is that It decreases in value over time. option A

What is  bad debt?

The term bad debt can be described as the amount of money that a creditor must write off as a result of a default on the part of the debtor in a case whereby the creditor has a bad debt on the books,  then things turn to uncollectible and is recorded as a charge-off.

It should be noted that a case can be regarded as bad debt because the value of the asset you receive from the loan depreciates quickly however in some cases  interest charges increase how the amount that is been paid for the vehicle.  and in thius case cost is higher compare to what it would be if you'd purchased the car outright with cash.

Hence, option A is correct.

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29.What are some potential difficulties that you might encounter when doing business in the Chinese market?
30.What actions could your company take to help improve your opportunities for success?

Answers

Cultural Problem.
Adaptation and localization of Business.
Intellectual Property Right (IPR)
Logistics Challenge.
Build Trust.
Sales & Distribution.
Increasingly competitive market.
Fake marketing challenge.

Steel mill inc. Makes steel forms of substandard quality. Tower building company has never bought or used a steel mill form, but files a suit against the firm, alleging that its products are defective. The defendant’s best ground for dismissal of the suit is that the plaintiff does not have:.

Answers

The best ground on which the defendant ( Company S ) can dismiss the suit filed by the plaintiff (Company T) is the standing to sue.

What is standing to sue?

Standing to sue refers to a situation where the plaintiff who has filed the case must prove with appropriate proof of having damages or injuries in respect of the conduct of the defendant.

In the provided case, Company T has to prove that the products of Company S are actually defective through appropriate evidence. If Company T can't able to prove their alleged claim before the court, then the case is decided in the favor of the defendant party, that is, Company S.

Therefore, the standing to sue can be used as a ground by Company S for dismissing the claim of Company T.

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Audit reports prepared under the Single Audit Act include which of the following? a. a report on the study of the internal control systems b. a report on the study of the internal control systems c. an opinion on the fairness of financial statement presentation d. all of the above

Answers



The correct answer is d. all of the above. Audit reports prepared under the Single Audit Act include all of the mentioned components.

The Single Audit Act requires audits of entities that receive federal funding, and these audits are conducted in accordance with the applicable auditing standards. The Act mandates auditors to report on the entity's internal control systems, which includes evaluating the design and implementation of controls and assessing their effectiveness.

Additionally, audit reports prepared under the Single Audit Act provide an opinion on the fairness of financial statement presentation, ensuring that the financial statements fairly present the entity's financial position, results of operations, and cash flows in accordance with the applicable financial reporting framework. Therefore, all of the listed components are included in audit reports prepared under the Single Audit Act.



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Explain why socialist societies do not use a circular flow chart.

Answers

They don’t use a circular flow chart because it don’t give a precise answer to what they are answering.

journal entry
sold a part of machinery costing Rs.15000 at profit Rs.5000
pplease HELP
me

Answers

Answer:

To register in a journal entry the movement for which a part of machinery costing $ 15000 at profit of $ 5000 is sold, the following accounting record must be made:

-Goods exit = - $15,000

-Cash entry = $15,000

-Profit entry = +$5,000

4.suppose you are given two points on a demand curve. at price p1 = $3, the quantity demanded is q1 = 5. at price p2 =$1, the quantity demanded q2 = 9

Answers

This illustrates the inverse relationship between price and quantity demanded on a demand curve. When the price of a good or service decreases, consumers are willing to purchase more, resulting in a higher quantity demanded. Conversely, when the price increases, the quantity demanded typically decreases. the equation of the demand curve is q = -2p + 11.

You are given two points on a demand curve: (P1, Q1) and (P2, Q2). At price P1 = $3, the quantity demanded is Q1 = 5. At price P2 = $1, the quantity demanded is Q2 = 9.
Using this information, you can analyze the relationship between price and quantity demanded. As the price decreases from $3 to $1, the quantity demanded increases from 5 to 9. Using the two given points on the demand curve, we can calculate the slope of the demand curve and then use that slope to derive the equation of the demand curve.

The slope of the demand curve can be calculated as follows:

Slope = (change in quantity demanded)/(change in price)

Slope = (q2 - q1)/(p2 - p1)

Slope = (9 - 5)/($1 - $3)

Slope = -2

we can use one of the two given points and the slope to derive the equation of the demand curve. Let's use the point (p1, q1) = ($3, 5).

Using the point-slope form of the equation of a line, we have:

q - q1 = slope*(p - p1)

q - 5 = -2*(p - 3)

q - 5 = -2p + 6

q = -2p + 11

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Why does an inverted yield curve serve as a predictor of a recession?.

Answers

An inverted curve reflects the bond market's expectation for the Fed to cut rates down the line. The Fed normally cuts rates in response to an economic downturn, hence why an inverted curve could be a recession signal.

True or False: The income statement records all the revenues and expenses for a given period and shows whether the firm is making a profit or is experiencing a loss.

Answers

The given statement is true becasue the income statement records all the revenues and expenses for a given period and shows whether the firm is making a profit or is experiencing a loss.

The income statement is a financial statement that summarizes a company's revenues and expenses over a specific period of time, usually a quarter or a year. It shows the company's profitability by subtracting expenses from revenues. If the result is a positive number, the company is making a profit, and if the result is negative, the company is experiencing a loss.

The income statement is a critical financial statement that helps investors, creditors, and management evaluate the company's performance and financial health.

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Sergei’s boss has very strong opinions and often frowns upon questions from the team. This creates an environment where everyone just agrees with the boss decisions without questioning them

Answers

Knowing and comprehending each team member's opinions personality type will enable you to assign tasks in a way that best suits their interests and passions.

By doing this, you will raise team morale and productivity to their highest levels. Therefore, I always let my manager know when I'm having an issue. I jot out a list of my annoyances. I request a meeting with my employer opinions and explain these issues in detail. I want to be sure I'm not coming out as rude or sounding like I'm making any accusations against my supervisor. Good staff knowledge results in higher output and results.

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distribution and delivery"" is the definition of which component of the marketing mix?

Answers

"Distribution and delivery" is the definition of the "place" component of the marketing mix, also known as the "distribution channel" or "marketing channel."

Place refers to the process of making a product available to consumers in the right quantity, at the right location, and at the right time. This involves selecting the most effective and efficient distribution channels to deliver the product from the manufacturer to the end user.

Distribution channels can include wholesalers, retailers, and e-commerce platforms, among others. Effective management of the distribution channel is critical to ensure that the product is delivered to the target market on time, at the right price, and in the right condition. The goal of the place component is to ensure that the product is available to the target market in a convenient and accessible manner.

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Question 1 of 10
An investment that you bought for
profit
and sold for
made a

500;600
500;400
600;400
600;500

Answers

Answer:

500;600

an investment

Tiffany is considering investing in one of two investment projects. She has two options: The first project is conducted by the Australian government, which generates a certainty profit of $70k, and the second project is managed by a private firm which generates $85k an hour with a 50 percent chance and $45k an hour with 50 percent chance. Assume that Tiffany can only invest in one project, helping her in making decisions in the following scenarios. (Hint: you can ignore the unit k when calculating the value)
(a) Suppose Tiffany’s utility of a payment x is u(x)=1.5·√x . Which project will she prefer according to the expected utility theory? (remain two digits for decimals)

Answers

According to the expected utility theory, Tiffany will prefer the second project managed by the private firm.

Which project will Tiffany prefer according to the expected utility theory?

According to the expected utility theory, Tiffany's preference between the two investment projects can be determined by calculating the expected utility for each project. The first project, conducted by the Australian government, offers a certain profit of $70k. Using Tiffany's utility function u(x) = 1.5√x, the expected utility for the first project is approximately 14.83. The second project, managed by a private firm, has two possible outcomes: earning $85k per hour with a 50% chance or $45k per hour with a 50% chance. Calculating the expected profit of the second project yields $65k. Substituting this value into the utility function gives an expected utility of approximately 15.74. Comparing the expected utilities, Tiffany would prefer to invest in the second project due to its higher expected utili

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on january 1, 2022, woodstock, inc. purchased a machine costing $40,000. woodstock also paid $1,000 for transportation and installation. the expected useful life of the machine is 6 years and the residual value is $5,000. how much is the annual depreciation expense assuming use of the straight-line depreciation method?
a. $6,100.
b. $6,000.
c. $5,950.
d. $5,750.

Answers

The annual depreciation expense assuming the use of the straight-line depreciation method is $6,000. Option B.

Calculation:

Annual depreciation under SLM:

= (Asset cost-Salvage value) + Useful life of the asset

= ($40,000+$1,000 - $5,000)/6

= $36,000/6

= $6,000

Residual value, also called residual value, is the estimated value of an item of property, plant, and equipment at the end of the lease term or useful life. In a leasing situation, the lessor uses the residual value as one of the primary ways to determine how much the lessee will pay in regular lease payments. Residual value is one of the components of a lease calculation or transaction.

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ABC Book Company has $1 million in cash, $8 million worth of property, and $50,000 worth of equipment and furniture. What is the total value of ABC Book Company’s assets?

Select One:
a. $9,050,000
b. $1,000,000
c. $9,000,000
d. $50,000

Answers

Answer:

a. $9,050,000

Explanation:

You just need to add that all together

Jemimah was having problems with the tight scheduling and timelines given to her for one of her technical writing projects. She was failing to meet deadlines regularly and was unable to adjust to a variety of functional changes in the project. In this type of situation, what skill should Jemimah use to manage time and meet deadlines?

Answers

Answer: Strong time management skills.

Explanation:

Time management skills looks at achieving goals in a shorter period of time and making available time for other activities you plan to achieve, it helps you plan your events well void of much stress, gives you focus and meeting up with deadlines.

Jemimah has to work on her time management skills, she has to analyze the project and work out a plan on to meet up before the deadline. She can break the project in bits and set short deadline for her self on each task, in doing so, sh would relieve herself of stress and meet up with the deadline she was given.

What will be the end result for the taxpayer who filed his federal income tax return.

Answers

If your federal gross income was $12,950 or more and you're under 65, you must submit a single status tax return. If your federal gross income was $14,700 or more and you are 65 years of age or older, you must file.

What is the status of federal filing?

Determines the tax rate applied to income. Head of household, married filing jointly, married filing separately, single, and qualified widow(er) with dependent child are the five filing statuses. A tax year is the 12-month period of time that a tax return covers. The tax year for people in the US is from January 1 to December 31 and includes taxes due on income earned during that time. The Where's My Return? feature is the easiest method to find out if you've received a tax refund. After receiving an e-filed return, taxpayers have 24 hours to start monitoring the status of their refund. After the return is processed and a refund is approved, the program also offers a customized refund date.

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If all players play their best responses, then the corresponding strategy profile must be a nash equilibrium.
A. True
B. False

Answers

Answer:

False

Explanation:

Nash Equilibrium is when all players maintain their strategy for the entire game, and thus cannot gain a competitive advantage by changing strategies mid-game. If the question was worded "If all players must play their best responses, then the corresponding strategy profile must be a Nash equilibrium."  

In personal finance, one makes decisions based on needs vs. wants. What is considered a need?

something one would like to have
something ones does not budget for
something one can afford
something one cannot live without

Answers

Answer:

D. something one cannot live without

Explanation:

In personal finance, one makes decisions based on needs vs. wants. Something one cannot live without is considered a need. The correct option is d.

What is personal finance?

Personal finance is a term that covers managing your money as well as saving and investing. It encompasses budgeting, banking, insurance, mortgages, investments, retirement, tax, and estate planning. The term often refers to the entire industry that provides financial services to individuals and households and advises them about financial and investment opportunities.

Individual goals and desires and a plan to fulfil those needs within your financial constraints also impact how you approach the above items. To make the most of your income and savings, it’s essential to become financially savvy it will help you distinguish between good and bad advice and make intelligent financial decisions. Personal finance is about meeting your personal financial goals.

The five areas of personal finance are income, saving, spending, investing, and protection.

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express 7.36 as rational number hellllppppp me plssss The characters in the story are unable to understand or explain humans and how they think and speak. Why do you think people fear the unknown? Is 6/10 closest to 0,1/2 or 1 how many atp molecules can be synthesized when the electrons from nadh reduce oxygen, assuming the process is 100 percent efficient? assume atp synthesis is go= 30 kj/mol. What is the central idea? Which is the solution to the equation8.25 + 1/4w = 10.75? Round to the nearest hundredth if necessary. nyu was founded on the belief that a students identity should not dictate the ability for them to access higher education. that sense of opportunity for all students, of all backgrounds, remains a part of who we are today and a critical part of what makes us a world class university. our community embraces diversity, in all its forms, as a cornerstone of the nyu experience. Please help me find the linear equation of question 9 What is the proper way to cool down at the end of a workout? Name: date: lesson 12.01: a fraction of the fair printable assessment: a fraction of the fair a fraction of the fair 1. use a line plot to represent the data in the data set. be sure to include a title and label all tick marks. 2. what is the largest amount of snow that fell in one day? 3. what is the least amount of snow that fell in one day? 4. how many days did it snow 3 inches? 5. a new piece of data was recorded and added to the line plot. the dierence between the largest and smallest amounts of snow is now 3. what could the new values of the data be? Gestalt therapy places greatest emphasis on a. the distant past. b. the recent past. c. the present. d. the immediate future. 1. How can I analyze the receiver or audience? What should I analyse? The ability to exercise significant influence over the operating and financial policies of an investee company is the sole criterion for application of the _____ method. beth and bob martin have a total take-home pay of $3,200 a month. their monthly expense total is $2,800. calculate the minimum amount this couple needs to establish an emergency fund. show your complete solution. a compressed cylinder of gas contains 2.93 103 g of n2 gas at a pressure of 4.92 107 pa and a temperature of 18.2 oc. what volume of gas has been released into the atmosphere if the final pressure in the cylinder is 1.40 105 pa? assume ideal behavior and that the gas temperature is unchanged. How many significant digits are in the value 530,405,000?a. 6b. 4c. 9d. 5 The Roman construction device known as centering illustrated in this drawing is composed of:A) Brick.B) Column supports at the base.C) Poured in place concrete.D) None of the above. What do you value most when shopping in a retail store? According to a survey, 27% of consumers value personalized experience most. Complete parts (a) through (d) below. a. Suppose that the survey had Which of the following was one of the immediate impacts of the Louisiana Purchase on the United States?A. It doubled the size of US territory.B. It caused friction between the US and France.C. It started a Civil War in the US.D. It created an alliance between the US and Spain.