Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question 1
A firm can hire as much labour as it wants at $5 per hour. In return, each worker produces 10 units of output per hour. The firm can sell up to 2,500 units of output each day at $2 per unit, but it cannot sell any more than 2,500 units of output in a day. The firm has no other costs besides labour.
(a) How many hours of labour does the firm purchase and how much profit does it earn each day?
(b) The firm can choose to pay an efficiency wage. In particular, the firm can choose to pay $6, $7, $8, $9, or $10 per hour, and in exchange, each worker will produce 18, 23, 27, 28, or 29 units of output per hour respectively. What hourly wage should the firm offer to maximize profits?
(a) What is the aggregate supply function for umbrella? What is the equilibrium price and quantity sold? (b) The domestic industry lobbies for protection and Congress agrees to input a $3 tariff on foreign umbrellas. What is the new U.S. price for ..
The expected life is 10 years (with periodic upgrades). Compute the PW of the depreciation deductions assuming:
A card is drawn at random from a standard 52-card deck. A deck of cards has 52 cards and four suits (hearts, diamonds, spades, and clubs).
Explain what are the repercussions Physical environment. Some variables of interest might include climate change, shipping delays, recycling, urban development, availability or access to water and other resources.
John offers to sell Mary his refrigerator for $1000 cash payment due by April 1 2016. The refrigerator to be tendered to Mary upon payment. Mary says to John that she agrees. Is this a legally enforceable contract under the common law? Would the Stat..
Which would be considered an investment in the context of national income accounting according to economists. The best measure of the income households actually have available to spend is. Household production and the underground economy
A firm sells its product in a competitive market where all firms charge a price of IDR 40,000 per unit. The firm's total costs are given as below:
How can a project manager best control the project budget throughout the entire project life cycle? Need references and eight pages.
Kermit is considering purchasing a new computer system. The purchase price is $130,725. Kermit will borrow one-fourth of the purchase price from a bank at 10 percent per year compounded annually. The loan is to be repaid using equal annual payments o..
Billie Joe loves Krispy Kreme donuts and coffee. Billie Joe likes to eat 3 donuts (D) for each cup of coffee (C) he drinks. His utility function is: U = min(0.333D, C). he price of each donut is $0.60 and the price of coffee is $2.20. Given Billie Jo..
Show an expression for average cost. Derive an expression for marginal costs. Is there any range of production characterized by scale of economies.
Illustrate and briefly explain the adjustment process of Aggregate Supply and Demand following the introduction of successful Supply Side policies that significantly increases full-employment production capacity.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd