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anzhelika [568]
3 years ago
12

There are 800 consumers in an economy that each have the same utility function given by U(c, l) = 32√ c − (24 − l)2 where c is t

heir consumption and l is the number of hours they spend for leisure. A single firm serves the market with production function Y = 32L1/2K1/2 . The firm cannot choose its capital stock, which is fixed at K = 1600. You can assume the price level is equal to 1 so real and nominal wages are equivalentQuestion: Solve for an individual consumer’s labor supply as a function of the real wage and total supply of labor hours for the economy in one day as a function of the real wage (hint: you will need to use the budget constraint to cancel out consumption)
Business
1 answer:
borishaifa [10]3 years ago
8 0

Answer:

Explanation:b

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Three important forms of long-term (capital) expenditures are
Anna35 [415]

Answer:

Explanation:

Expenditure made to reduce costs; Expenditure made to increase revenue; Expenditure which is justified on non-economic grounds.

6 0
3 years ago
Local adaptation is typically preferred by managers who are charged with making the international business successful in their c
atroni [7]

<u>Answer: </u>True

<u>Explanation:</u>

To maintain the competitive advantage of the business the managers of international business adapt to local adaptation strategy. International markets have different languages and culture it is necessary to promote business in the local language to reach the target market accordingly.

The multinational companies have their offices, distribution and production in different countries but they maintain same set of policies and procedures which makes decision making quick and easier. Through this way they maintain the global consistency.

4 0
3 years ago
Which of the following is not an advantage of using conventional crude oil as an energy source? a.ample supply for several decad
Annette [7]

Answer:

The correct answer is letter "D": environmental costs included in market price.

Explanation:

Oil and other resources like natural gas are used as fuel and energy sources. However, <em>the environmental cost of extracting them is not included in the market price</em>. If that would happen, prices of those sources would not be accessible to regular consumers.  

The exploitation of oil emits methane which is a gas even more harmful to the environment than carbon dioxide. Governments in most cases regulate the oil exploitation considering the environmental impact of that activity.

3 0
3 years ago
Do you believe self-regulatory practices are sufficient without governmental regulation to protect consumers? If not, what type
kaheart [24]

Self-regulatory practice is like serving Lion 50gms of meat after 10 days without any protection.It will go for a kill and Government intervention is highly required. Buying consumer goods,land and property, corporation and technology and locomotive.It is for working class, middle class , lower middle class.

Explanation:

  • Self-regulatory is related to one human mind taking decision.
  • In psychology it was always proven each human behavior.
  • Is  to dominate the other human irrelevant of there kindness.
  • Business run by single owner mostly dont pay suppliers, employees well.
  • If government steps in policies could be balanced for all the people.
  • Government works on decision by multiple people.It does not...
  • Single mind taking a decision.Consumers are cheated most of the time.
  • Regulators body  taking steps to curb the owners of business.
  • Example Ray kroc shuck hands with real owners of MC donalds that....
  • He would give royalty on a yearly basis but there was no paper work.
  • Of Government just a handshake they never got Royalty.
6 0
3 years ago
Loree manages the service desk and makes routine decisions related to customer refunds and merchandise returns. Loree also overs
Eva8 [605]

Answer:

First-line manager.

Explanation:

A first-line manager is a person within a company who is directly above all other personnel who are not managers. They have various obligations, such as the aforementioned routine decisions, service desk, feedback, work satisfaction, etc. When it comes to some more serious decisions, this type of a manager is not allowed to make them but rather only advise higher ups.

8 0
3 years ago
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