Consider the market for ride-on lawn mowers and the recent increases in the price of oil. The
recent increase in the price of oil makes it more expensive to manufacture ride-on lawn mowers.
An increase in the price of oil also makes it more expensive to run a ride-on mower. What is
likely to happen to equilibrium price and quantity of lawn mowers as a result in the changing
price of oil?
A. Supply and demand will both increase, increasing equilibrium quantity and having an
indeterminate effect on price.
B. Supply and demand will both decrease, decreasing equilibrium quantity and having an
indeterminate effect on price.
C. Supply and demand will both increase, increasing equilibrium price and having an
indeterminate effect on quantity.
D. Supply and demand will both decrease, increasing equilibrium price and having an
indeterminate effect on quantity

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.]

Vendors provide restaurants with what? o a. cooked items ob. raw materials oc. furniture od. menu recipes

Match the situations that will develop one's personality and those that won't peter is surrounded by friends who are always encouraging him jonathan always watches television when he wants to take a break from his books libby sets small targets for herself and strives to achieve them. the smiths indulge in an animated discussion on varied topics every evening after dinner. brook loves junk food and exercises once in a while. develops your personality develops doesn't develop your personality