Market price for a day worth of yard work

Assignment Help Business Economics
Reference no: EM132285754

In a small town, the market price for a day worth of yard work is $85. If Artie would be willing to do the work for as little as $75, Belinda would do it for as little as $78, Corazon would do so for as little as $81, and Darius would only do yard work for $88, what is the producer surplus for this group of workers on a given day when everyone who wants to work does so? Explain how the number was obtained.

Reference no: EM132285754

Questions Cloud

What is the company year-end total liabilities amount : Beginning the new year, the Orange Company had total assets of $800,000 and total liabilities of $300,000. If total assets decreased by $80,000 and its owner's.
Write a letter to a friend in which you write to explain : You live in Georgia in October 1800 during the particularly nasty campaign between John Adams and Thomas Jefferson.
How an activity-based costing system can be implemented : Discuss how an Activity-Based Costing (ABC) system can be implemented in the company you researched and the benefits that the use will yield to the business.
Comparative effectiveness research compare : What kinds of treatments will comparative effectiveness research compare?
Market price for a day worth of yard work : In a small town, the market price for a day worth of yard work is $85. If Artie would be willing to do the work for as little as $75
What can companies do to mitigate the risk : The possibility of a power outage seems to grow every year because of demand and an aging infrastructure. What can/should companies do to mitigate this risk?
Identify the applicable principles of law : Discuss Roger's duties as a director and any defenses he has to the lawsuit. Identify the applicable principles of law.
What are thoughts on environmental ethics : What are your thoughts on environmental ethics? What is the future of environmental ethics given today's economic , political, and global schemes?
How outsourcing jobs affects the us economy : How Outsourcing jobs Affects the U.S. Economy? Technology outsourcing, Call center outsourcing, human resources outsourcing

Reviews

Write a Review

Business Economics Questions & Answers

  Risk premium is always a negative number

The risk premium is equal to expected gamble minus the certainty equivalent. In the Principal-agent framework, the principal can observe the effort exerted by the agent. Risk premium is always a negative number.

  Determining the binomial distribution

Suppose she is going to take a test with 12 multiple-choice questions. Each question has 4 possible answers, only one of which is correct.

  What are the average variable costs of firm

At the end of the year, a firm produced 12,000 laptop computers. Its total costs were $6 million, and its fixed costs were $3 million.

  Cross-price elasticity of demand between product

You are the manager of a firm that receives revenues of $60,000 per year from product X and $70,000 per year from product Y. The own price elasticity of demand for product X is -2.5, and the cross-price elasticity of demand between product Y and X is..

  Analyze the issues presented in the current event

Using MONOLOLY business or product can anyone answer this question...... addressing a current event use one of the following economic graphical analysis to analyze the issues presented in the current event

  Chinese purchases of financial also real assets

Elucidate how much did Chinese purchases of financial also real assets abroad exceed foreign purchases of Chinese financial also real assests.

  Share of common stock be selling for in the market

The company has a dividend payout ratio of 50%, book value per share of $33.5 and a P/E ratio of 15. What should one share of common stock be selling for in the

  Delaying own formal education

If one spouse puts the other spouse through medical school by working and by delaying his own formal education

  Economic analysis of russia

Your consulting company has been asked to provide an economic analysis of GULAG.

  Explain why lean manufacturing requires a stable demand

Explain why lean manufacturing requires a stable demand environment. Describe how success to successful system archetype works. What should be done about it.

  Q answer the following question using the keynesian model

q. answer the following question using the keynesian model of a closed economy. suppose the federal government would

  What is the firm short run production function

Production in the long run. Consider the following production function: q=5K0.25L0.5.

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