subject
Business, 15.01.2020 23:31 rschaum08

Suppose that a monopoly firm finds that its mr is $60 for the first unit sold each day, $59 for the second unit sold each day, $58 for the third unit sold each day, and so on. further suppose that the first worker hired produces 5 units per day, the second 4 units per day, the third 3 units per day, and so on.

instructions: enter your answers as whole numbers.

a. what is the firm’s mrp for each of the first five workers?

b. suppose that the monopolist is subjected to rate regulation and the regulator stipulates that it must charge exactly $50 per unit for all units sold. at that price, what is the firm’s mrp for each of the first five workers?

c. if the daily wage paid to workers is $210 per day, how many workers will the unregulated monopoly demand? worker(s).

if the daily wage paid to workers is $210 per day, how many workers will the regulated monopoly demand? worker(s).

ansver
Answers: 3

Another question on Business

question
Business, 23.06.2019 01:30
What happens when the government finances a job creation project through taxes and borrowing?
Answers: 3
question
Business, 23.06.2019 15:30
He following data come from the financial statements of riley company for the year ended march​ 31, 2017 ​(in millions). ​(click the icon to view the​ information.) requirements 1. prepare a cash flow statement for the year ended march​ 31, 2017. not all items given appear on the cash flow statement. 2. what activities provided the largest source of​ cash? is this a sign of financial strength or​ weakness? requirement 1. prepare a cash flow statement for the year ended march​ 31, 2017. not all items given appear on the cash flow statement. ​(use parentheses or a minus sign to show cash​ payments, cash​ outflows, and/or a net decrease in cash. if a box is not used in the statement of cash flow leave the box​ empty; do not select a label or enter a​ zero.) riley company statement of cash flows year ended march 31, 2017 millions cash flows from operating activities: net cash provided by (used for) operating activities
Answers: 1
question
Business, 23.06.2019 18:30
Logan is an employee who processes health insurance forms. initially he was criticized by his supervisor for sloppy work, but thereafter he improved considerably. now he consistently processes his forms without errors and even does more than his fair share of work. however, logan's supervisor has not responded to the extra effort he has put in, giving him no praise or monetary benefits. this leads logan to believe that his supervisor is biased against him. according to the expectancy theory, in this situation, there is a problem in the relationship. a) rewards-personal goals b) performance-awarenessc) performance-rewardd) performance-objectivese) performance-achievement
Answers: 2
question
Business, 23.06.2019 20:00
If overnight delivery makes you think of fedex, what marketing strategy caused that association in your mind? direct mail tv advertising branding connectivity
Answers: 1
You know the right answer?
Suppose that a monopoly firm finds that its mr is $60 for the first unit sold each day, $59 for the...
Questions
question
Biology, 21.10.2020 07:01
question
Mathematics, 21.10.2020 07:01
Questions on the website: 13722362