subject
Business, 27.11.2019 20:31 leahphi

Ction function and the marginal product of labor in each orchard: qq = = 120lβˆ’l2120lβˆ’l2 mplmpl = = 120βˆ’2l120βˆ’2l where qq is the number of apples produced in a day, ll is the number of workers, and mplmpl is the marginal product of labor. now, suppose the price of apples is back at $2 per apple, but a hurricane destroys half the orchards so only 20 orchards remain. recall that each orchard's labor demand as a function of the daily wage is l=60βˆ’0.25wl=60βˆ’0.25w . what is the market's labor demand? l=120βˆ’10wl=120βˆ’10w l=1,200βˆ’10wl=1,200βˆ’10w l=60βˆ’0.25wl=60βˆ’0.25w l=1,200βˆ’5wl=1,200βˆ’5w ectenia continues to have 200 workers who supply their labor inelastically. the equilibrium wage is nowper worker per day. each orchard hiresworkers and makes a profit ofper day. (note: assume that wages are the firm’s only costs.) total income in the country (defined as workers' income plus orchards' profit) was equal to $46,000 before the crop destruction. true or false: total income of ectenia rose as a result of the crop destruction. true false

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 00:30
What are six resources for you decide which type of business to start and how to start it?
Answers: 3
question
Business, 22.06.2019 09:40
Alpha industries is considering a project with an initial cost of $8 million. the project will produce cash inflows of $1.49 million per year for 8 years. the project has the same risk as the firm. the firm has a pretax cost of debt of 5.61 percent and a cost of equity of 11.27 percent. the debt–equity ratio is .60 and the tax rate is 35 percent. what is the net present value of the project?
Answers: 1
question
Business, 22.06.2019 10:00
Your father offers you a choice of $120,000 in 11 years or $48,500 today. use appendix b as an approximate answer, but calculate your final answer using the formula and financial calculator methods. a-1. if money is discounted at 11 percent, what is the present value of the $120,000?
Answers: 3
question
Business, 22.06.2019 20:30
Identify the level of the literature hierarchy for u.s. gaap to which each item belongs
Answers: 1
You know the right answer?
Ction function and the marginal product of labor in each orchard: qq = = 120lβˆ’l2120lβˆ’l2 mplmpl = =...
Questions
question
Mathematics, 13.12.2019 04:31
question
Mathematics, 13.12.2019 04:31
question
Mathematics, 13.12.2019 04:31
question
Mathematics, 13.12.2019 04:31
Questions on the website: 13722361