Alandowner pays a worker we + l to produce agricultural output (q), where w is the wage rate, e is worker effort and l is a lump sum payment. the output produced by the worker is q = f(e) = e and the price of output is $1 per unit. the worker’s total cost function is c(e) = e^2/2 and utility from the outside option is u = 1.

(i) what is the optimal value of l chosen by the owner? briefly comment onthe relationship between the workers’ outside option and the lump sum paymentmade from the owner to the worker.

Lindon company is the exclusive distributor for an automotive product that sells for $30.00 per unit and has a cm ratio of 30%. the company’s fixed expenses are $162,000 per year. the company plans to sell 20,200 units this year. required: 1. what are the variable expenses per unit? (round your "per unit" answer to 2 decimal places.) 2. what is the break-even point in unit sales and in dollar sales? 3. what amount of unit sales and dollar sales is required to attain a target profit of $72,000 per year? 4. assume that by using a more efficient shipper, the company is able to reduce its variable expenses by $3.00 per unit. what is the company’s new break-even point in unit sales and in dollar sales? what dollar sales is required to attain a target profit of $72,000?

Why do police officers get paid less than professional baseball players?

(a) what was the opportunity cost of non-gm food for many buyers before 2008? (b) why did they prefer the alternative? (c) what was the opportunity cost in 2008? (d) why did it change?