Suppose all workers have the same preferences represented byU = √w - 2xwhere w is the wage and x is the proportion of the firm’s air that is composed of toxic pollutants. There are only two types of jobs in the economy: a clean job ( x = 0) and a dirty job ( x =1). Let w0 be the wage paid by the clean job and w1 be the wage paid for doing the dirty job. If the clean job pays $16 per hour, what is the wage in dirty jobs?What is the compensating wage differential?

Question 2 of 12, Step 1 of 1 1/12 Correct Consider a company that produtes Good A and Good B. The equation of the PPF is 9x + 3y² 18,900, where is the quantity of Good A and y is the quantity of Good B. This year, the company produces 30 units of Good A and 60 units of Good B. Then, a new technology allows the company to reduce the quantity of resources required for Good Aby 1.5 times How much of Good A will the company produce at the same quantity of Good B? If necessary, round any intermediate calculations to one decimal place, and round your final answer to the nearest whole number. Answer units Keypad Keyboard Shortcuts

An economy with competitive markets has 2 kinds of jobs, Routine & Skilled. There are 2 types of workers, Qualified & Unqualified. 60% of workers are Qualified while 40% are unqualified. In a Routine job, both types of workers produce 10 widgets. In a Skilled job, Qualified workers produce 100 widgets each, while Unqualified workers produce 0. Labor markets are competitive, so each worker is paid their marginal product, i.e. how much they produce, in widgets. Everyone looks great in an interview, so companies must hire without knowing the worker's type and must pay the first period's wage without knowing their actual output. However, Qualified workers can signal their qualification by receiving an education. For a Qualified worker, the cost of getting educated to level n is 0.5n2. For an Unqualified worker, it is n?. These costs are also measured in widgets. What is the maximum level of education that Qualified workers will obtain, in a separating equilibrium? O 13.5 O 12 O 13 O 10

Can you please answer Q4?

For many years, states levy a special sales tax on wine often called a "sin tax". The reasoning behind these special sales taxes is that wine consumption can lead to particular social costs such as drunk driving, violence, etc. However, many medical studies have demonstrated that moderate consumption of red wine can lower the risks for many diseases such as coronary heart disease. Thus, there are social benefits as well. Suppose that states, in recognition of some of the benefits to wine consumption, decide to decrease the sales tax on Oregon Pinot Noir. What effect will this have on consumer surplus, producer surplus, and deadweight loss. Consumer surplus increases, producer surplus increases, and deadweight loss increases. Consumer surplus decreases, producer surplus decreases, and deadweight loss decreases. Consumer surplus decreases, producer surplus increases, and deadweight loss is unchanged. Consumer surplus increases, producer surplus increases, and deadweight loss decreases.

Consider Ann, who has a project that would be worth $270 to her if performed by a hard worker and $70 if performed by a loafer, but that she cannot do herself. She considers hiring Bob to perform the task. If hired, Bob’s utility is given by: U(w,a) = w1/2 – a where w is the wage Bob receives and a = 5 if bob works hard on the project and a = 0 if Bob loafs on the job. Furthermore, bob would rather sit at home where he obtains a utility of 9, if he can’t do at least that well on the job. A.   What is the smallest wage Ann can offer that will get Bob to accept the job? At that wage will Bob work hard or loaf? Why? Will Ann hire Bob at this wage? Explain. B.   What is the smallest wage Ann can offer that will make it worth Bob’s while to accept the job and work hard? If she makes an unconditional offer to Bob at that wage is he likely to work hard? Explain. C.  What kind or contract might Ann offer that would end up with Bob being hired and Ann benefiting? What problems might there be…

(1) Pass me the water! An African family that consumes W gallons of water every year, more or less the same amount every day. The price of water is Pw dollars per gallon. The water is in a store located far away, so they go to the store and purchase large amounts of gallons which they store in their house. Every time they drive their truck to the store to purchase water they use up gallons of gas. The price of gas is P Let m be the average amount of water gallons they have in the house (m stands for mean) and M be the VALUE in dollars of those gallons. 1. Imagine that the family decides to go to the store to buy water once a year. How many gallons will they purchase? What is the average amount of gallons they will have stored in the house? How many dollars will those gallons be worth? 2. What if the family decides to go to the store twice a year? What is m in this case? What is M if the family decides to go to the store N times? The family has access to a bond market. All the dollars…

One of the principles of economics is that people respond to incentives. Using this principle, discuss how a tax imposed on people who refuse to get vaccinated against COVID-19 virus affects the national level of vaccination coverage.