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 34 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
Wow, this really help

skipfourms123

  • Member
  • Posts: 343
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

U.S. Unemployment Rates for Emerging Adults (Ages 16-24) U.S. Unemployment Rates for Emerging Adults (Ages 16-24)
Unemployment and Federal Action, 1929–1941 Unemployment and Federal Action, 1929–1941
A very light ideal spring stretches by when it is used to hang a 135-N object. What is the ... A very light ideal spring stretches by when it is used to hang a 135-N object. What is the ...
Nader makes semi-annual payments of $3000 to pay off his loan. Because of unemployment, he ... Nader makes semi-annual payments of $3000 to pay off his loan. Because of unemployment, he ...
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: Leukemia

For a complete list of videos, visit our video library