Business, 24.03.2020 03:51 jamalnellum56

The production function is given asy=4(3.00N-0.0064N^2), where the marginal product of labor is given by MPN:4(3.00-00128N. The equation for the labor supply curve is: NS- 62.0+15(1-)w where NS is the amount of labor supplied, wis the real wage and t is the tax rate on wage income. The tax rate is t0.25 Determine the labor demand function. (Enter your responses rounded to two decimal places): Using the labor demand and labor supply functions and the concept of labor-market equilibrium, determine the general-equilibrium values of the real wage (w), employment (N), and output (Y) Real wage, (Enter your response rounded to two decimal places) Employment, NEnter your response rounded to the nearest integer) Output, Y-| |. (Enter your response rounded to the nearest integer)

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 16:20

Winston uses the high-low method. it had an average cost per unit of $10 at its lowest level of activity when sales equaled 10,000 units and an average cost per unit of $6.50 at its highest level of activity when sales equaled 20,000 units. what would winston estimate its total cost to be if sales equaled 8,000 units?

Answers: 3

Answer

Business, 22.06.2019 15:40

Brandt enterprises is considering a new project that has a cost of $1,000,000, and the cfo set up the following simple decision tree to show its three most likely scenarios. the firm could arrange with its work force and suppliers to cease operations at the end of year 1 should it choose to do so, but to obtain this abandonment option, it would have to make a payment to those parties. how much is the option to abandon worth to the firm?

Answers: 1

Answer

Business, 22.06.2019 20:10

With signals from no-claim bonuses and deductibles, a. the marginal cost curve for careful drivers lies to the left of the marginal cost curve for aggressive drivers b. auto insurance companies insure more aggressive drivers than careful drivers because aggressive drivers have a greater need for the insurance c. the market for car insurance has a separating equilibrium, and the market is efficient d. most drivers pay higher premiums than if the market had no signals

Answers: 1

Answer

Business, 22.06.2019 23:40

Gdp has grown in a country at 3% per year for the last 20 years. the labor force has grown at 2% per year and the quantity of physical capital has grown at 4% per year. a 1% increase in average physical capital per worker (other things equal) raises productivity by 0.3%. average education has not changed. how much has growing physical capital per worker contributed to productivity growth in this country? choose the correct answer from the following choices, and then select the submit answer button. answer choices 0.3% 0.6% 3.0% 6.0%

Answers: 1

Answer

You know the right answer?

The production function is given asy=4(3.00N-0.0064N^2), where the marginal product of labor is give...

Questions