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anzhelika [568]
2 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]2 years ago
8 0

Answer:

Explanation:b

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Cheryl purchased 5 identical hollow pine doors and 6 identical solid oak doors for the house she is building. The regular price
almond37 [142]

Answer:

The answer to this question is option C. $560

Explanation:

We can let the price of each hollow pine door = d and of each solid oak door = 2d.

Since each pine door = 40, d = 40, and the regular price of each solid oak door is (2)(4) = 80.

With a 25% discount, each solid oak door is 0.75(80) = 60.

So, the six oak doors cost 6 x 60 = 360 dollars, and the five pine doors cost 5 x 40 = 200 dollars. Thus, the total is 560 dollars.

Hence the answer is C

6 0
3 years ago
Read 2 more answers
Barb is trying to take control of her time by using an online time tracking system that tracks her time spent on tasks and proje
solniwko [45]

Answer:

Habit Loop

Explanation:

Habit Loop -

It is a type of loop , which runs in the brain of the human being , and functions to govern the habit , is referred to as habit loop .

The habit loop has three components , i.e. , reward , routine , and cue  .

The proper knowledge of these components enables the person to have command of their habits and can easily remove the bad habits and inculcate the good ones .

Hence , from the given scenario of the question,

The correct term is habit loop .

5 0
3 years ago
NEED ANSWER ASAP
insens350 [35]

Answer:

a. Mr Smith's orange business because it's a small fraction of the economy

3 0
2 years ago
In some instances, BPM will lead to a paradigm shift that transforms the nature of the business itself True False
neonofarm [45]

Answer:

In some instances ,BPM will lead to a paradigm shift that transforms the nature of the business itself.it is false.

Explanation: BPM means business process management. Paradigm shift means a drastic change.A massive change in standards ,thinking patterns and values.

BPM brings changes in business .It is an approach to execute and control various processes to achieve the results according to the goals of the organisation.BPM do bring changes in business but it does not lead to a paradigm shift that transforms the nature of business.

4 0
3 years ago
A(n) is a long-term contract under which a borrower agrees to make payments of interest and principal on specific dates. There a
LenaWriter [7]

Answer:

Bond,treasury

Explanation:

A bond refers to the contract between borrower and lender stipulating that the borrower must pay periodic interests and principal on specified dates .

The interest is also known as coupon payment has fixed  rate usually  quoted in the bond agreement which could be paid annually or semi-annually to te lenders.

Treasury refers to the bond issued by the national government such as the U.S government and carries a lower rate of return as the risk attached too is low ,hence lower risk brings about lower return since the government is not likely to default in discharging its obligations

8 0
3 years ago
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