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A firm currently uses 50,000 workers to produce 200,000 units of output per day. The daily wage per worker is $80, and the price of the firm's output is $25. The cost of other variable inputs is $400,000 per day. Assume that total fixed cost equals $1,000,000. Calculate the values for the following four formulas:
• Total Variable Cost = (Number of Workers x Worker's Daily Wage) + Other Variable Costs• Average Variable Cost = Total Variable Cost / Units of Output per Day• Average Total Cost = (Total Variable Cost +Total Fixed Cost) / Units of Output per Day• Worker Productivity = Units of Output per Day / Number of Workers Complete the following: • Calculate the firm's profit or loss.• Compare the firm's output price and the calculated average variable cost and average total cost. o Should the firm shut down immediately when the total fixed cost equals $1,000,000?• If the firm can operate at a loss in the short run, how many employees need to be laid off for the company to break even? (Assume that after layoffs, the remaining workers maintain output at 200,000 units per day.)• To calculate the number of workers to be laid off, divide the loss for the two situations by the daily wage per worker.• Given a lower number of employees now working at the company, what is the change in worker productivity?
Predict what will happen to interest rates on a corporation's bonds if the federal government guarantees today that it will pay creditors if the corporation goes bankrupt in the future. What will happen to interest rates on Treasury securities?Analyz..
The production possibilities frontier can be used to demonstrate which of the following?If Lindenderry is at point U, producing 1300 tons of corn and 34 million automobiles, what is the opportunity cost of an additional 11 million automobiles?
you are the chief economic advisor of the president of dreamland. right now the country has unemployment of 7.7 . the
Gamma corporation one of the firms which retains you as the financial analyst is considering buying out Beta Corporation. Discuss how these data provide evidence of inefficiency. How could the new manager of Beta Corporation improve efficiency?
Always Round Tire has a production function of Q = 300 L.75 K.5. In the short run, if L = 250 and K = 25, what happens to the output of tires if L jumps to 300 and then 350. What law does this illustrate?
A company produces an electronic timing switch that is used in consumer and commercial products. The fixed cost (CF) is $73,000 per month, and the variable cost (CV) is $94 per unit.
Economic fluctuations (or business cycles) are fluctuations in the level of economic activity, relative to a long-term growth trend. Comparing and contrasting the economic fluctuation the United States has experiences from 1990 to current date.
Some games of strategy are cooperative. One example is deciding which side of the road to drive on. It doesn't matter which side it is as long as everyone chooses the same side. Otherwise, everyone may get hurt.
Briefly list and elaborate on the factors that will be affecting the demand for the following products in the next several years. Do you think these factors will cause the demand to increase or decrease?
1. you are considering employing manufacturing workers in japan in 1987. directly analogous workers for an
consider the following demand curve faced by a monopolistq 112000 - 500p 5mnote p per unit price q number of units
Set up the game and find the equilibrium assuming that Apple and Yahoo move simultaneously, If the firms are Cournot duopolists, how much profit with each firm earn and what will the market price be and how much profit will each firm earn?
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