Signaling when education is productive. there are two groups of workers: h types (higher productivity) and l types (lower productivity). let ch(e) denote a type h worker’s cost function for obtaining education and let cl(e) denote the cost function for a type l worker, where: cl(e) = 0.5 · e 2 (10) ch(e) = 0.25 · e 2 . (11) mh = 4e is the marginal product of labor for a type h worker and ml = 2e is the marginal product for a type l worker. by assumption, the marginal product of labor for each type depends on the amount of education received. a fraction p = 0.4 are type h and the rest of the workers are type l. as usual, the utility that a worker receives from working is the wage minus cost: u(e) = w(e) − c(e) (12) answer the following:
(a) clearly define a pooling equilibrium for this problem.
(b) solve for all values of ¯e that are consistent with a pooling equilibrium. show your work.
(c) clearly define a separating equilibrium for this problem.
(d) solve for all values of ¯e that are consistent with a separating equilibrium. show your work.

Presented below is a list of possible transactions. analyze the effect of the 18 transactions on the financial statement categories indicated. transactions assets liabilities owners’ equity net income 1. purchased inventory for $80,000 on account (assume perpetual system is used). 2. issued an $80,000 note payable in payment on account (see item 1 above). 3. recorded accrued interest on the note from item 2 above. 4. borrowed $100,000 from the bank by signing a 6-month, $112,000, zero-interest-bearing note. 5. recognized 4 months’ interest expense on the note from item 4 above. 6. recorded cash sales of $75,260, which includes 6% sales tax. 7. recorded wage expense of $35,000. the cash paid was $25,000; the difference was due to various amounts withheld. 8. recorded employer’s payroll taxes. 9. accrued accumulated vacation pay. 10. recorded an asset retirement obligation. 11. recorded bonuses due to employees. 12. recorded a contingent loss on a lawsuit that the company will probably lose. 13. accrued warranty expense (assume expense warranty approach). 14. paid warranty costs that were accrued in item 13 above. 15. recorded sales of product and related service-type warranties. 16. paid warranty costs under contracts from item 15 above. 17. recognized warranty revenue (see item 15 above). 18. recorded estimated liability for premium claims outstanding.

Any point on a country's production possibilities frontier represents a combination of two goods that an economy:

Suppose that the firm cherryblossom has an orchard they are willing to sell today. the net annual returns to the orchard are expected to be $50,000 per year for the next 20 years. at the end of 20 years, it is expected the land will sell for $30,000. calculate the market value of the orchard if the market rate of return on comparable investments is 16%.