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creativ13 [48]
3 years ago
11

Suppose there are 1000 firms in a market and all are identical. Firm A will hire 20 workers when the wage rate is $10, 25 worker

s when the wage rate is $9, and 30 workers when the wage rate is $8. The equilibrium wage rate for a number of years has been $9. If the wage rate falls to $8, we know that
Business
1 answer:
Triss [41]3 years ago
6 0

Answer:

d. the quantity demanded for the market will increase to less than 30,000 workers.

Explanation:

Missing options:

  • a. the quantity demanded for the market will increase to 30,000 workers.
  • b. the quantity demanded for the market will increase to more than 30,000 workers.
  • c. the quantity demanded for the market will increase, but we can't tell which of the above answers is correct.
  • d. the quantity demanded for the market will increase to less than 30,000 workers.

maximum total demand for labor = 30 (at $8) x 1,000 firms = 30,000 workers, but since the equilibrium rate had been $9 for many years, some workers have already been hired at $9, and it is usually very difficult to lower someone's wage once they have been working. Even thought the quantity demanded will increase, it will probably not be able to reach 30,000 workers.

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Peggy Lane​ Corp., a producer of machine​ tools, wants to move to a larger site. Two alternative locations have been​ identified
Alborosie

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Two alternative locations have been​ identified: Bonham and McKinney. Bonham would have fixed costs of $ 800,000 per year and variable costs of $ 13,000 per standard unit produced. McKinney would have annual fixed costs of $ 920,000 and variable costs of $ 12,000 per standard unit. The finished items sell for $ 29,000 each.

Costs:

Bonham= 800,000 + 13,000*x

McKinney= 920,000 + 12,000*x

1) 800,000 + 13,000*x=920,000 + 12,000*x

1,000x=120,00

x=120 units

2) Because Bonham has a higher variable cost, from the indifference point and below, it generates a higher profit. From 120 units and more it generates less profit than McKinney.

3) Break-even point= fixed costs/ contribution margin

Bonham:

Break-even point= 800,000/(29,000 - 12,000)= 47 units

McKinney:

Break-even point= 920,000/(29,000-13,000)= 58 units

6 0
3 years ago
In which Step of production process are materials manipulated
12345 [234]

Answer:

tread count

Explanation:

different sizes

8 0
2 years ago
Please answer that question
SOVA2 [1]
1) agree 2)agree 3)disagree 4) disagree 5) agree 6) agree 7) agree 8) agree
7 0
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Billy has received a mediocre evaluation for the second year in a row. He knows that he has made improvements, but his superviso
aleksandrvk [35]

Answer:

b. He could take deep breaths and then respond non judgmentally.

Explanation:

Although Billy has received a mediocre evaluation and he loves his job that he doesn't want to make a switch, in my opinion it would be the better option for Billy to take deep breaths, take a moment and then respond to his supervisor in a non judgmental way because it is of no good if he keeps on being judgmental about his supervisor and thinks that his supervisor does not care. Before making any decision further, i think billy should think non judgmentally.

Hope this clears everything. Good luck :)

7 0
3 years ago
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Our company originally issued 1,000 shares of $1 par value common stock for $9 per share. We repurchased 200 shares of the stock
cestrela7 [59]

Answer:

D.cahs $18,000

Explanation:

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