Employment or income-earning possibilities besides fishing

Assignment Help Basic Computer Science
Reference no: EM131962173

The labor supply curve is given by the equation LS = 3W + 20 and the labor demand curve is given by the equation LD = 80 - 2W. If the wage is $20, there will be a __________ of __________ workers.

A)shortage; 40

B) surplus; 20

C) shortage; 80

D) surplus; 80

E) surplus; 40

Five fishermen live in a village and have no other employment or income-earning possibilities besides fishing. They each own a boat that is suitable for fishing but does not have any resale value. Fish are worth $5 per pound, and the marginal cost of operating the boat is $500 per month. They all fish a river next to the village. According to the following schedule, they have determined that, when there are more of them out on the river fishing, they each catch fewer fish per month.

If four boats operate, then each boat will make a profit of:

A) $775.00.

B)$500.00.

C)$675.00.

D)$68.75.

E) $275.00.

Reference no: EM131962173

Questions Cloud

Market equilibrium price and price control : Suppose there are nine sellers and nine buyers in a competitive market, each willing to buy or sell one unit of a good
Write an essay on social media is bad for mental health : MOD003311 - Write an essay on social media is bad for mental health - your tutor will assist you and may direct you to a bank of possible titles
How much are the quarterly payments : His loan cost was 16% annually because of his bad credit score. He promised to repay the loan in 5 years on a quarterly basis.
Reserve currency is in place across : Suppose a fixed exchange rate regime based on a reserve currency is in place across all countries. With free capital flows, who has monetary policy independence
Employment or income-earning possibilities besides fishing : Five fishermen live in a village and have no other employment or income-earning possibilities besides fishing. They each own a boat that is suitable
Determine net cash provided by operating activities : You are provided with the following information regarding events that occurred at Moore Corporation. Determine net cash provided by operating activities.
What is activity-based management : What is activity-based management? What connection does it have to continuous improvement? What price should be selected?
What is the equilibrium number of cruzes and equinoxes : Where MC stands for marginal cost and TC for total cost. a. What is the equilibrium number of Cruzes and Equinoxes?
What is the equilibrium number of cruzes and equinoxes : Where MC stands for marginal cost and TC for total cost. a. What is the equilibrium number of Cruzes and Equinoxes?

Reviews

Write a Review

Basic Computer Science Questions & Answers

  Give three strategies for implementing loop and half

Use a Boolean variable, a break statement, and a method with multiple return statements. Which of these three approaches do you find clearest?

  Dynamically allocated stack

Write functions to perform PUSH& POP operations in a dynamically allocated stack containing the objects of the following structure:

  Interface design strategy of guidance for user

Error messages are a key part of an overall interface design strategy of guidance for the user. Discuss strategies to ensure integrated, coordinated error messages that are consistent across an application.

  Write a program that reads a value

Write a program that reads a value (say n) from the user and ouputs "Hello world" n times. Verify that the user has entered an integer. If the input is 3, the output will be "hello world" 3 times.

  Write a program that implements message flow from top layer

It attaches its own header in front of the message (an arbitrary layer identifier of up to 64 characters), prints the new message on the standard output, and invokes the protocol function of the next lower-layer protocol.

  Derive the time and space complexity of your algorithm

Devise an algorithm to convert this binary search tree such a way that lesser values at the right subtree and larger values at the left subtree. Derive the time and space complexity of your algorithm

  Communication technologies of guided media

Compare and contrast the data communication technologies of guided media and unguided media.

  Display all the words in the file

Write a program that generates 10,000 random integers in the range of 0-9 and stores them in a binary search tree. Using one of the algorithms discussed in this chapter, display a list of each of the integers and the number of times each appears i..

  Ideal solution for south africa socio-economic problems

A market economy and a democratic elected government is the ideal solution for South Africa's socio-economic problems. Discuss this statement critically.

  Create the table that you describe for the company you chose

Create the table that you described for the company you chose for the Module Two discussion (Target Corporation). Include a minimum of seven fields.

  What are some take aways or best practices

What are some take aways or best practices that you should follow or will need when working in the real world?

  Difference between purchase price and the selling price

The latter case finds the difference between the purchase price and the selling price. If the difference is negative (in minus) the text prints:

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