What is the most that the salary of workers in city can be

Assignment Help Econometrics

Reference no: EM13231804

A factory operates in a village and employs 200 workers. The workers are willing to work for any salary. The items produced by the factory are sometimes more demanded by consumers than at other times. For this reason, the demand for workers of the company is not the same throughtout the year: for 6 months in the year, the demand for workers is
w = 2200 - 5L
and for the other 6 months, the demand for workers is
w = 2600 - 5L
where w is the monthly salary paid each worker in dollars and L is the number of workers.

The factory is considering moving to the city, where the demand for workers is totally flexible.

What is the most that the salary of workers in the city can be, for the factory to be able to move there (assume the moving costs are negligible and all other costs borne by the factory are the same in the city and in the village)

Reference no: EM13231804

Questions Cloud

What is the probability that second item will be defective : A production process is known to produce a particular item in such a way that 5% of these are defective. If two items are randomly selected as they come off the production line, what is the probability that the second item will be defective?

What is the roic : Variable costs cover such things as electricity and heat and run $1.25 per month for each square foot occupied. a. What is the ROIC? b. What would be the new ROIC if Oscar decides to charge rent of $5.00 per square foot per month?

How is the patient and affordable care act of 2010 : How is the Patient and Affordable Care Act of 2010 (the "Health Care Reform Act") likely to reshape financial arrangements between hospitals, physicians, and other providers if Medicare makes a single payment for all care received by a beneficiary..

How skill set an it sales manager or who think broader skill : How does the skill set of an IT Sales Manager differ from that of the technical manager? Who do you think has the broader skills set

What is the most that the salary of workers in city can be : A factory operates in a village and employs 200 workers. The workers are willing to work for any salary. The items produced by the factory are sometimes more demanded by consumers than at other times. For this reason, the demand for workers

Explain what is delta g for the transfer : What is delta G for the transfer of 6 mol K+from blood plasma to the cellular fluid at body temperature(37C). What is the minimum amount of work that must be used to transfer this K+

Analyze the forces for and against maintaining : Given Pitney Bowes' growth and globalization strategies, analyze the forces for and against maintaining an organizational culture that supports diversity as a business impertive.

Are the proletariat merely workers : Are the proletariat merely “workers” or does he see them as more? Why does Marx say workers have failed to develop class consciousness, and why is it important? What is his position in individualism? Why is he opposed to reform?

Define the meiosis and fertilization : How do both meiosis and sexual reproduction(fertilization) produce offspring that differ genetically from the parents

User Account

All Pages