Based on the lost-income approach, which of the following 30 year old males would most likely be worth the most in terms of the value of his life?
A) Devin, a high-school dropout who works as a barista.
B) Antonio, a college graduate who is on permanent disability due to severe diabetes.
C) Timothy, a licensed electrician with two years of college.
D) Jamal, a CPA with a master's degree in accounting.
D
You might also like to view...
The Save More Tomorrow (SMarT) program found all of the following except that:
A. people want to save more than they typically do. B. participants quadrupled their savings in just a couple of years. C. if the default choice is to save a portion of income, people will save more. D. people were already saving at an optimal amount, so the program had no effect.
A monopolist will maximize profits by
a. setting his price as high as possible. b. setting his price at the level that will maximize per-unit profit. c. producing the output where marginal revenue equals marginal cost. d. producing the output where price equals marginal cost.
If Japanese real interest rates fall relative to real interest rates in the U.S., the yen will likely appreciate and the dollar will likely depreciate
Indicate whether the statement is true or false
High Tech, Inc. produces plastic chairs that sell for $10 each. The following table provides information about how many plastic chairs can be produced per hour. Number of WorkersChairs Produced Per Hour00110218324428530For simplicity, assume that labor is the only input. How many workers will be hired if the hourly wage for workers is $70?
A. 3 B. 4 C. 1 D. 2