Answers: 3
Business, 22.06.2019 07:30
Suppose a firm faces a fixed price of output, ํํ= 1200. the firm hires workers from a union at a daily wage, ํคํค, to produce output according to the production function ํํ= 2ํธํธ12. 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 firmโs labor demand function? b.if the firm is allowed to choose ํคํค, 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 firmโs 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 firmโs 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.]
Answers: 3
Business, 22.06.2019 20:00
How many organs are supplied at a zero price? (b) how many people die in the government-regulated economy where the government-set price ceiling is p = 0? the quantity qd โ qa. the quantity qe โ qa. the quantity qd โ qe. (c) how many people die in the market-driven economy?
Answers: 1
Business, 23.06.2019 00:00
Which of the following is not a factor to consider when deciding whether to accept a special order? whether this order will hurt the brand name of the company whether other potential orders would be more profitable whether additional fixed costs would need to be incurred whether the offered price is sufficient to cover prime costs and fixed overhead allocated all of the above
Answers: 2
Business, 23.06.2019 01:30
What is the minimum educational requirement for a pediatric psychopharmacologist? a. md b. phd c. bachelors in medicine d. masters in medicine e. psyd
Answers: 1
The levels of organizational culture are Multiple Choice strategy, mission, and values. stability an...
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