According to salary. com, the average salary for a software engineer level iii (a higher-level position in software design and implementation) in the silicon valley area of california is $108, 244. however, google pays its level iii software engineers an average salary of $124, 258. why does google pay a salary higher than the equilibrium salary for equivalent positions in the same area?

a. google does not know what other firms in the same area are paying and unknowingly set its wages far above the equilibrium salary.
b. since google is such a large firm and produces a product used by so many people, the government mandates an efficiency wage that google must pay its engineers.
c. google is paying an efficiency wage in order to minimize worker turn over, increase worker productivity, and attract the top talent.
d. google is the only firm in the silicon valley area whose workers are not in a union; thus it is able to pay its workers more than other firms that have unionized workers.

Brian has been working for a few years now and has saved a substantial amount of money. he now wants to invest 50 percent of his savings in a bank account where it will be locked for three years and gain interest. which type of bank account should brian open? a. savings account b. money market account c. checking account d. certificate of deposit

Security a has a higher standard deviation of returns than security b. we would expect that: (i) security a would have a risk premium equal to security b. (ii) the likely range of returns for security a in any given year would be higher than the likely range of returns for security b. (iii) the sharpe ratio of a will be higher than the sharpe ratio of b. (a) i only (b) i and ii only (c) ii and iii only (d) i, ii and iii

Profits from using currency options and futures.on july 2, the two-month futures rate of the mexican peso contained a 2 percent discount (unannualized). there was a call option on pesos with an exercise price that was equal to the spot rate. there was also a put option on pesos with an exercise price equal to the spot rate. the premium on each of these options was 3 percent of the spot rate at that time. on september 2, the option expired. go to the oanda.com website (or any site that has foreign exchange rate quotations) and determine the direct quote of the mexican peso. you exercised the option on this date if it was feasible to do so. a. what was your net profit per unit if you had purchased the call option? b. what was your net profit per unit if you had purchased the put option? c. what was your net profit per unit if you had purchased a futures contract on july 2 that had a settlement date of september 2? d. what was your net profit per unit if you sold a futures contract on july 2 that had a settlement date of september 2