13. Jose is 35 years old, and makes $40,000 per year. If he dies, how much would the beneficiaries of his life insurance policy receive if they can get by on 75% of
his income?
7.5
Multiples-of-Salary Chart
Current Aga
25 Yan Yasin YEN
Y
Current Gross Earnings 799 755 00475400
$ 7500
4.0 3.0 5.5 4.0
5.5 8.5 4.5
0000
4.0 3.0 5.5 4.0 7.5 5.5 6.5 4.5
.
15,000
4.5 3.0 6.5 4.5 8.0 6.0 7.0 6.5
23,600
6.5 4.5 8.0 5.5 8.5 6.5 745 5.5
30.000
7.5 5.0 8.0 6.0 8.5 6.5 7.0 5.5
40,000
7.5 5.0 8.0 6.0 8.0 6.0 7.0 5.5
85.000
7.5 5.5 7.5 6.0 7.5 6.0 6.5 5.0

Ajustification for job training programs is that they improve worker productivity. suppose that you are asked to evaluate whether more job training makes workers more productive. however, rather than having data on individual workers, you have access to data on manufacturing firms in ohio. in particu- lar, for each firm, you have information on hours of job training per worker (training) and number of nondefective items produced per worker hour (output). (i) carefully state the ceteris paribus thought experiment underlying this policy question. (ii) does it seem likely that a firm’s decision to train its workers will be independent of worker characteristics? what are some of those measurable and unmeasurable worker characteristics? (iii) name a factor other than worker characteristics that can affect worker productivity. (iv) if you find a positive correlation between output and training, would you have convincingly established that job training makes workers more productive? explain.

In mexico, many garment or sewing shops found they could entice many young people to work for them if they offered clean, air conditioned work areas with high-quality locker rooms to clean up in after the work day. typically, traditional garment shops had to offer to get workers to apply for the hard, repetitive, and somewhat dangerous work. a. benchmark competitive wages b.compensating differentials c. monopoly wages d. wages based on human capital development of each employee

Sauer food company has decided to buy a new computer system with an expected life of three years. the cost is $440,000. the company can borrow $440,000 for three years at 14 percent annual interest or for one year at 12 percent annual interest. assume interest is paid in full at the end of each year. a. how much would sauer food company save in interest over the three-year life of the computer system if the one-year loan is utilized and the loan is rolled over (reborrowed) each year at the same 12 percent rate? compare this to the 14 percent three-year loan.