Business, 15.04.2020 20:36, marissaimuniz
Cleanlt is a competitive labor market. perfectly competitive, profit-maximizing trash collection firm. Cleanlt hires workers in a perfectly
a. Draw side-by-side graphs for the labor market and for Cleanit and show each of the following.
i. The market wage, labeled Wm, and the quantity of workers hired in the market, labeled Lm
ii. The marginal factor (resource) cost curve, labeled MFC
ili. The marginal revenue product curve, labeled MRP
iv. The wage paid by the firm, labeled Wf, and the quantity of workers hired by the firm, labeled Lt
b. Assume that Cleanlt is the only firm in the industry to adopt a new technology. The new technology increases the productivity of Cleanlt's workers.
i. In the short run, will the wage paid by Cleanlt be higher than, lower than, or equal to Wf? Explain.
ii. In the short run, will the number of workers hired by Cleanlt increase, decrease or stay the same? Explain.
c. Cleanlt uses capital in the form of trucks, which it rents for $10,000 each. The marginal product of the last truck used is 100,000 units. If Cleanlt is minimizing its costs and the marginal product of the last c. worker hired is 500 units, calculate the wage. Show your work.
Answers: 3
Business, 22.06.2019 12:10, latdoz0952
Which of the following is not part of the mission statement of the department of homeland security? lead the unified national effort to secure america protect against and respond to threats and hazards to the nation ensure safe and secure borders coordinate intelligence operations against terrorists in other countries
Answers: 1
Business, 22.06.2019 14:10, gia2038
Carey company is borrowing $225,000 for one year at 9.5 percent from second intrastate bank. the bank requires a 15 percent compensating balance. the principal refers to funds the firm can effectively utilize (amount borrowed โ compensating balance). a. what is the effective rate of interest? (use a 360-day year. input your answer as a percent rounded to 2 decimal places.) b. what would the effective rate be if carey were required to make 12 equal monthly payments to retire the loan?
Answers: 1
Business, 22.06.2019 16:50, bri663
Coop inc. owns 40% of chicken inc., both coop and chicken are corporations. chicken pays coop a dividend of $10,000 in the current year. chicken also reports financial accounting earnings of $20,000 for that year. assume coop follows the general rule of accounting for investment in chicken. what is the amount and nature of the book-tax difference to coop associated with the dividend distribution (ignoring the dividends received deduction)?
Answers: 2
Cleanlt is a competitive labor market. perfectly competitive, profit-maximizing trash collection fir...
Mathematics, 08.06.2021 06:20
Social Studies, 08.06.2021 06:20
Mathematics, 08.06.2021 06:20
Mathematics, 08.06.2021 06:20
Social Studies, 08.06.2021 06:20