Use the information below to answer the following questions. U. S. $ EQUIVALENT CURRENCY PER U. S. $ Polish Zloty .2992 3.3426 Euro 1.2425 .8048 Mexican Peso .0752 13.2996 Swiss Franc 1.0331 .9680 Chilean Peso .002071 482.80 New Zealand Dollar .8082 1.2374 Singapore Dollar .8005 1.2492 If you have $200, how many Polish zlotys can you get? (Do not include the Polish zlotys sign, Z. Round your answer to 2 decimal places, e. g., 32.16.) Amount Z How much is one euro worth in U. S. dollars? (Round your answer to 4 decimal places, e. g., 32.1616.) Worth of one euro $ If you have 4.30 million euros, how many dollars do you have? (Enter your answer in dollars, not millions of dollars, e. g., 1,234,567. Round your answer to the nearest whole dollar amount, e. g., 1,234,567.) Amount $ Which is worth more, a New Zealand dollar or a Singapore dollar? Which is worth more, a Mexican peso or a Chilean peso? How many Swiss francs can you get for a euro? (Round your answer to 4 decimal places, e. g., 32.1616.)

Arriving and delivering a load of company executives for a business meeting at a destination far from home base requiring an overnight stay, a company’s pilot requested approval from the company finance office to pay to either have the company’s jet brought into the fbo's hangar overnight to protect it from a forecast snowfall or to have it de-iced by the fbo the following morning well-before scheduled departure. the company was under considerable financial pressure at the time, and the pilot’s requests were denied because of the cost. so, early the following morning, the pilot was up on the wing of the jet sweeping off an accumulation of snow and ice with a borrowed push broom in preparation for the scheduled departure with the executives, but slipped and fell to the ground, suffering a broken neck. the business was organized as a limited partnership, owned by 3 limited partners and one general partner. as a cost-saving measure, the company had dropped its workers’ compensation insurance before the accident. analyze the potential liability for the pilot’s injuries of each of the following, showing your reasoning clearly: the company the general partner the limited partners analyze how the outcome would have been different, if the business had been organized as a corporation and observed all of the formalities to legitimize its corporate status. analyze how the outcome would have been different, if the pilot had been covered by workers’ compensation insurance.

Suppose that the world price of steel is $100 a ton, india does not trade internationally, and the equilibrium price of steel in india is $60 a ton. suppose that india now begins to trade internationally. the price of steel in india the quantity of steel produced in india a. does not change; does not change b. falls; increases c. falls; decreases d. rises; decreases e. rises; increases the quantity of steel bought by india india steel. a. increases; exports b. decreases; imports c. decreases; exports d. does not change; neither imports nor exports e. increases; imports

Suppose a firm faces a fixed price of output, 푝푝= 1200. the firm hires workers from a union at a daily wage, 푤푤, to produce output according to the production function 푞푞= 2퐸퐸12. there are 225 workers in the union. any union worker who does not work for this firm is guaranteed to find nonunion employment at a wage of $96 per day. a.what is the firm’s labor demand function? b.if the firm is allowed to choose 푤푤, but then the union decides how many workers to provide (up to 225) at that wage, what wage will the firm set? how many workers will the union provide? what is the firm’s output and profit? what is the total income of the 225 union workers? c.now suppose that the union sets the wage, but the firm decides how many workers to hire at that wage (up to 225). what wage will the union set to maximize the total income of all 225 workers? how many workers will the firm hire? what is the firm’s output and profit? what is the total income of the 225 union workers? [hint: to maximize total income of union, take the first order condition with respect to w and set equal to 0.]