Lucille receives an annual salary of $37,500 based on a 37.5-hour workweek.   What are her gross earnings for a two-week pay period in which she works 9 hours of overtime at 1 1/2 times her regular rate of pay? (Assume there are exactly 52 weeks in a year. Round your answer to the nearest cent.)         Gross earnings =

ЕOC 19.07 (and 19.08) A hair salon is considering hiring more workers. The market wage for a hair stylist is $160 per day, and this hair salon charges $30 per haircut. The salon currently employs 4 stylists and know that a fifth stylist would allow them to sell 7 more haircuts per day, a sixth stylist would allow them to sell 6 more haircuts per day, and seventh stylist would allow them to sell 5 more haircuts per day. How many stylists should this salon hire? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a 4 b 5 d 7 6.

Edie chooses to work 90 hours per week when the wage rate is $16 per hour. If she is offered time-and-a-half ($24 per hour) for “overtime work” (i.e., hours in excess of 90 per week), will she choose to work longer hours? Support your results with a diagram.

Let us consider Amanda can work a maximum of 60 hours per week, at a wage rate of $5 per hour. Welfare benefits are fixed at $200 per week, with a 100 percent tax back on labour earnings. Finally, the earnings supplement equals half the difference between an individual’s labour earnings and the benchmark earnings of $450 per week. This supplement can be collected only if the individual forgoes welfare benefits and works a minimum of 30 hours per week. Draw Amanda's budget constraint, and analyze the work decision. (Make sure to graph)

1. PEDRO, a regular employee of a large Corporation, ABC, receives P1,000.00 per day. He worked for 8 hours - from 8 AM to 12 Noon, and 1 to 5 PM - on his Rest Day (a Wednesday), which was also declared a Special Day. . He was also required to work from 5 PM that Wednesday up to 1:00 AM the following day (Thursday). How much will the Total Wage that Pedro shall receive for the hours worked for those two days, Wednesday to Thursday?

Assume that you take a job with flexible hours, but initially your salary was based on a 40-hour week. Your salary begins at $15 an hour, or $30,000 per year. Assuming your salary rises, at what salary (hourly wage) would you begin to work fewer than 40 hours a week> Remember the job permits flexible hours Now if your rich uncle dies and leaves you $500,000 , would this alter the wage rate at which you cut your work hours? Would the wage rate change if you have children?

Refer to the diagram to the right: Land is the other (fixed) factor of production. Currently the real wage is $15. Calculate the change in land rents due to a $5 increase in the real wage. A Land rents = $. (Enter your response rounded to the nearest dollar. Be sure to include the minus sign if necessary.) 60- 55- 50 45- 40- 35 30- 25- 20- 15- 10- 5- 0+ 0 Marginal product of labor, MPL 10 Real Wage Real Wage MPL 20 30 40 50 60 70 80 90 100 110 Labor, L

Economics Slade and Meredith had each been earning $600 per week before losing their jobs at Nardel Solutions. Slade and Meredith live in states with replacement ratios of 1:3 (i.e., 33.33%), but Meredith's state caps unemployment compensation at $100 per week. The table below represents their marginal benefit and marginal cost of search assuming no unemployment compensation. Reservation Wage Marginal Benefit ($/week) Marginal Cost 100 700 500 150 600 450 200 500 400 250 400 350 300 300 300 350 200 250 400 100 200 With unemployment compensation, what is Slade's optimal reservation wage? O $600 per week O $300 per week O $250 per week O $500 per week

Question 5 Q5. Jessie, a pharmacist, is planning on opening her own pharmacy. Jessie Pharmacy is expected to generate yearly revenue of $500,000. Jessie will run the pharmacy herself on fulltime basis. Jessie’s alternative employment options are as follows: - Continue to work as a senior medical representative for $50,000 per year. - Accepts a research position in another company for $70,000 per year. Jessie expects to spend $350,000 per year on purchasing drugs and cosmetics for resale to her customers. She will also need to hire three employees: an assistant, an accountant and a custodian, for whom the total salaries to be paid are expected to be $48,000 per year. Jessie owns the building in which her pharmacy is supposed to be; however, she could rent the pharmacy-store space out for $42,000 per year. Calculate Jessie’s accounting profit and economic profit. In your opinion, should Jessie proceed with opening her own pharmacy? Justify your answer

John has gross biweekly earnings of $743.61. By claiming 1 more withholding allowance, John would have $19 more in his take home pay. How many withholding allowances does John currently claim?