Determine which company earns more money

Assignment Help Econometrics
Reference no: EM13231705

A certain area has 7500 workers who are willing to work at any salary. The area has two places of employment, A and B.

At A, the value of the marginal production of the workers is
w = 1800-0.1L

At B, it is
w = 1800-0.2L

where L is the number of workers and w is their salary per day. Which company earns more money?

Reference no: EM13231705

Questions Cloud

Indicate the level of data meauserement for each : Indicate the level of data meauserement for each of the variables in this file.
What will be the values of h1 and h2 : Consider two cache organizations both of them are using 32KB cache,32 bit physical address and 32B blocks. The 1st one is 2-way set associative cache, 2nd one is direct mapped cache
Rome''s success as an imperial power : As potrayed by Virgil, what was the basis of Rome's success as an imperial power (In The Aeneid)? How had perceptions changed by the time Tacicus write Germania?
What telecommunications device was the transistor initially : what telecommunications device was the transistor initially invented to improve?
Determine which company earns more money : A certain area has 7500 workers who are willing to work at any salary. The area has two places of employment, A and B. At A, the value of the marginal production of the workers is w = 1800-0.1L At B, it is w = 1800-0.2L
Analyze the diversity practices of your organization : Analyze the diversity practices of your organization to determine if it is engaged in surface-level or deep-level diversity. Provide specific examples to support your response.
Describe the measured rate constants as a function : One of the most historically significant studies of chemical reaction rates was that by M. Bodenstein (Z. Physik. Chem. 29 (1899) 295) of the gas phase reaction and its reverse, with rate constants and , respectively. The measured rate constants a..
How is the spanish culture during : How is the spanish culture during the republic government? describe the characteristics. what cultural environment do you think is in spain? menchtion the program of the national association of spanish women, pereria wall.
What purposes do cpus, memory and i-o devices : What purposes do CPUs, memory and I-O devices individually serve in a computer system

Reviews

Write a Review

Econometrics Questions & Answers

  Calculate and compare the profit under each flight

Should Airway Express continue to provide the flight between Los Angeles and New York at all. If Airway Express decides not to fly, it still has to pay the fixed costs of $3,000 per day. The evening with the return flight the next afternoon is cou..

  What is marginal product labor and marginal revenue product

Q= -3 + 8.5L - 2L^2 Q is toys per hour, L is workers employed per hour. Charges $20 per toy. Workers paid $10 hour. Firm has $50 fixed costs per hour. What is marginal product labor (MPL) What is marginal revenue product

  What deposit must be made each month until the man retires

A Man is planning to retire in 20 years. He can deposit money for his retirement at 6% compounded monthly. It is estimated that the future general inflation rate will be 5% compounded annually. What deposit must be made..

  What is pure strategy nash equilibrium for the game

Hotelling'sModel (RG): Consider a population uniformly distributed along an ideological spectrum [0, 1]. Each of two candidates chooses (simultaneously) a platform represented by an ideology value x ? [0, 1]. The voters observe the platforms.

  Which criterion should you use for payment and why

You are considering buying a new car with a part of your student loan dollars as you really do not need the extra cash now. You have two alternatives with the following cost structures. Speedy Initial cost = $20,000Annual operating cost = $8,000 Us..

  What is the elasticity of supply for new homes

In 2003, the market price for a 3,000 square foot home in South Tampa, Florida was $350,000 and 358 new homes were built. In 2004, the market price for a 3,000 square foot home in South Tampa, Florida increased to $385,000 and, holding all else eq..

  What is the revenue of the farmer increase

If my income increases by 10%, then quantity of public transportation demanded drops by 5%. I can say that income elasticity of my demand for public transportation is negative and that public transportation is a normal good.

  What would you expect from duffs stock price

Duff Inc. paid a 2.06 dollar dividend today. If the dividend is expected to grow at a constant 4 percent rate and the required rate of return is 7 percent, what would you expect Duff's stock price to be 3 years from now

  Explain multiplier

What is the multiplier? How is it calculated? Why is the multiplier related only to consumption spending?

  Why the price of dvds is unchanged

Suppose that the current market price of VCRs is $300, that average consumer disposable income is $30,000, and that the price of DVD players (a substitute for VCRs) is $500. Under these conditions annual U.S. demand for VCRs is 5 million per year.

  What is total number of workers that will be added to city a

Newton exports all their products outside the city and Garfield only sells their products within the city. Newton experiences growth, so it hires 100 more workers, all of whom come to reside in city A.

  How might a negative base salary be implemented in reality

The value of a successful project is $420,000; the probabilities of success are 1/2 with good supervision and 1/4 without. The manager is risk-neutral, not risk-averse as in the text, so his expected utility equals his expected income minus his di..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd