This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is unemployment compensation? What will be an ideal ... (Read 53 times)

MGLQZ

  • Hero Member
  • *****
  • Posts: 579
on: Jun 29, 2018
What is unemployment compensation?
 
  What will be an ideal response?

Question 2

Imagine you are a buyer in a double oral auction with a reservation value of 10 and there is a seller asking 8 .
 
  a. How much will you gain from accepting this offer?
  b. If you are the only buyer, and you know that the lowest ask price is 2, should you accept this offer?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

macagnavarro

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jun 29, 2018
Answer to Question 1

Unemployment compensation is a state government transfer program that pays cash benefits for a certain period of time to laid-off workers who have worked for a specified period of time for a covered employer.

Answer to Question 2

a. By accepting this offer, you will gain 2 (10  8).
b. Yes. By accepting this offer, you will gain 8 (10  2). If you choose to accept an offer from a different seller, your surplus will be lower. By accepting the lowest ask price of 2, you will maximize your surplus from this trade.


MGLQZ

  • Member
  • Posts: 579
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

  • Member
  • Posts:
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

U.S. Unemployment Rates for Emerging Adults (Ages 16-24) U.S. Unemployment Rates for Emerging Adults (Ages 16-24)
The Number of Children Americans Think Are Ideal The Number of Children Americans Think Are Ideal
What are examples of ideal forms? What are examples of ideal forms?
Fluorescent antibodies against proteins in the dosage compensation complex Fluorescent antibodies against proteins in the dosage compensation complex
For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately
Mechanisms of Dosage Compensation in Animals Mechanisms of Dosage Compensation in Animals
Video: Optic Nerve and Optic Disk Animation (Part 1 of 2)

For a complete list of videos, visit our video library