How many assembly workers will zamboni enterprises choose to

Assignment Help Microeconomics

Reference no: EM133411059

Question: Suppose that Zamboni Enterprises is the only company that sells zambonis (ice resurfacing machines). To produce the machines, the company hires assembly workers. Since these workers can work in many different companies, Zamboni Enterprises must pay them the market wage, which is equal to $6. The number of zambonis that the company produces, which is denoted by y, is proportional to the number of assembly workers that it hires, which are denoted by N; in particular, the production function is given by y=0.76N. The economywide demand for zambonis is given by the following demand function: y=2191-219p, where y is the number of zambonis that consumers are willing to purchase at price p.

Given this market structure, how many assembly workers will Zamboni Enterprises choose to hire?

How many zambonis will Zamboni Enterprises produce and sell?

What will be the price of a zamboni?

If the market for zambonis were competitive, how many zambonis would be produced?

If the market for zambonis were competitive, how many assembly workers would be hired?

If the market for zambonis were competitive, at what price would zambonis be sold?

Reference no: EM133411059

Questions Cloud

Article-monroes motivated sequence-communication skill : Describe which step you feel is the most critical when drafting a persuasive speech. Which step may be the most difficult for you to capture?

Is dna testing a good or bad use of science : that children are not biological children of their fathers, and that their mother was unfaithful. Is DNA testing a good or bad use of science

Contraception and reproductive health care : contraception and reproductive health care available to eliminate unwanted fertility and slowng population growth is the fewer forks approach

Discuss the sociological factors that influence : Discuss the sociological factors that influence whether a person helps another. You can speak here of Genovese's case or any other particular situation

How many assembly workers will zamboni enterprises choose to : Given this market structure, how many assembly workers will Zamboni Enterprises choose to hire? How many zambonis will Zamboni Enterprises produce and sell?

Relationship between stanley and blanche develops : Analyze how the relationship between Stanley and Blanche develops over the course of scene il. What does each character say to each other (implicitly)?

What would happen to the dimensions of the edgeworth box : What would happen to the dimensions of the Edgeworth Box to if Marsch were to lose 10 defenders to serious injuries, and Potter were to receive 6 additional

Should all behaviors be viewed as morally correct : If almost any behavior occurs as a norm somewhere in the world, should all behaviors be viewed as morally correct

What are interesting dustin kidd talks in pop culture freaks : What are some interesting things that Dustin kidd talks about in pop culture freaks section "brief history of film"?

User Account

All Pages