Question

A maximizing worker with u(z, f) = z1/2f1/2 earns 60 dollars per day in non-labour income...

A maximizing worker with u(z, f) = z1/2f1/2 earns 60 dollars per day in non-labour income and is paid a wage of 5 dollars per hour. How many hours will she work. If she joins a union she will be paid a wage of 20 dollars per hour but she will have to pay a membership fee. What is the maximum daily fee she would pay to join this union?

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

If you are satisfied with a answer plz upvote thank you i really need that

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A maximizing worker with u(z, f) = z1/2f1/2 earns 60 dollars per day in non-labour income...
A maximizing worker with u(z, f) = z1/2f1/2 earns 60 dollars per day in non-labour income and is paid a wage of 5 dollars per hour. How many hours will she work. If she joins a union she will be paid a wage of 20 dollars per hour but she will have to pay a membership fee. What is the maximum daily fee she would pay to join this union?
A maximizing worker is paid a wage of 10 dollars per hour and a non-labour salary...
A maximizing worker is paid a wage of 10 dollars per hour and a non-labour salary of 160 dollars per day. She has preferences for leisure and food defined by u(z, f) = z1/2f1/2. How many hours will she work?
A maximizing worker has preferences u(z, f) = z1/2f1/2. She has been offered a job paying...
A maximizing worker has preferences u(z, f) = z1/2f1/2. She has been offered a job paying a wage of 5 dollars an hour. Her parents are concerned that she will over work, after all she is only 15. They plan to reduce her non-labour income (allowance) to a level where she will work only 4 hours per day. What is the appropriate level to allowance to achieve this goal.
Julie employs Katrina as her assistant. Katrina is a utility maximizing worker with u(z, f) =...
Julie employs Katrina as her assistant. Katrina is a utility maximizing worker with u(z, f) = z1/2f1/2 and MRS = f/z. Katrina has non-labour income 40 and allocates 24 hours per day between labour h and leisure z. Julie pays Katrina a wage of 5 dollar per hour. Provide an Indifference Curve and Budget Line Diagram to illustrate and quantify, hours of leisure, hours of work and consumption. Katrina is over working. What hourly wage would make Katrina voluntarily cut...
2. SECURING THE WORKFORCE Diversity management in X-tech, a Japanese organisation This case is intended to...
2. SECURING THE WORKFORCE Diversity management in X-tech, a Japanese organisation This case is intended to be used as a basis for class discussion rather than as an illustration of the effective or ineffective handling of an administrative situation. The name of the company is disguised. INTRODUCTION In light of demographic concerns, in 2012, the Japanese government initiated an effort to change the work environment in order to secure the workforce of the future. Japan is world renowned for its...
3 SECURING THE WORKFORCE Diversity management in X-tech, a Japanese organisation This case is intended to...
3 SECURING THE WORKFORCE Diversity management in X-tech, a Japanese organisation This case is intended to be used as a basis for class discussion rather than as an illustration of the effective or ineffective handling of an administrative situation. The name of the company is disguised. INTRODUCTION In light of demographic concerns, in 2012, the Japanese government initiated an effort to change the work environment in order to secure the workforce of the future. Japan is world renowned for its...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT