Question: Suppose that the UI system is structured so that B min = $200, B max = $500, and B = .5W + 100 in between,

Suppose that the UI system is structured so that B_min = $200, B_max = $500, and B =

.5W + 100 in between, where W = the previous weekly wage and B = the weekly UI benefits. Graph this benefit formula, and calculate the benefits and replacement rate for workers whose previous weekly wages are $100, $500, and $2,000.

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