The many identical residents of whoville love drinking zlurp. each resident has the following willingness to pay for the tasty refreshment willingness to pay (dollars) quantity first bottle second bottle third bottle fourth bottle fifth bottle further bottles 4 the cost of producing a bottle of zlurp is $1.50, and the competitive suppliers sell it at this price. (the supply curve is horizontal.) each whovillian will consumebottles and receive a consumer surplus of $ producing zlurp creates pollution. each bottle has an external cost of $1. taking this additional cost into account, total surplus per person in the allocation you previously determined decreases to cindy lou who, one of the residents of whoville, decides on her own to reduce her consumption of zlurp by 1 bottle.

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.]

When partners own different portions of the business, the terms should be stated clearly in what document? the articles of incorporation the executive summary the business summary the partnership agreement

David consumes two things: gasoline (q 1) and bread (q 2). david's utility function is u(q 1, q 2)equals70q 1 superscript 0.5 baseline q 2 superscript 0.5. let the price of gasoline be p 1, the price of bread be p 2, and income be y. derive david's demand curve for gasoline. david's demand for gasoline is q 1equals nothing. (properly format your expression using the tools in the palette. hover over tools to see keyboard shortcuts. e. g., a subscript can be created with the _ character.)