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Kaylis [27]
2 years ago
5

The nation of Ectenia has 20 competitive apple orchards, which sell apples at the world price of $2 per apple. The following equ

ations describe the production function and the marginal product of labor in each orchard:
Q= 100L -L^2
MPL 100-2L

where Q s the number of apples produced in a day, L s the number of workers, and MPL 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 10 orchards remain. Recall that each orchard's labor demand as a function of the daily wage is L 50-0.25W.

Required:
What is the market's labor demand?
Business
1 answer:
Phoenix [80]2 years ago
4 0

The  market's labor demand is L=500−2.5W

Since labor demand as a function of the daily wage is L 50-0.25W.

Hence,

The individual labor demand curve is: L=50−0.25W

Now let determine The market labor demand curve

The market's labor demand is :

L=10(50−0.25W)

L=500−2.5W

Inconclusion The market's labor demand is L=500−2.5W

Learn more about market's labor demand here:

brainly.com/question/13540328

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The physical flow reconciliation is a report that:
Diano4ka-milaya [45]

Answer: The correct answer is "A. reconciles the physical units started in a period with the physical units completed in that period.".

Explanation: The physical flow reconciliation: reconciles the physical units started in a period with the physical units completed in that period.

Through this process it is possible to control, how many units are started in a period and how many are finished in that period.

5 0
3 years ago
Create a bulleted list of four descriptive terms describing possible experience a person may have. These may be your own experie
strojnjashka [21]

Answer: I can’t give an exact answer but i can help you get on the right path an experience is The knowledge or skill acquired by experience of carrying out a task or chore over a period of time, Especially that gained in a particular profession by working a position in a job for certain amount of time that you can carry out that procedure independently with out needing instructions or training first

6 0
3 years ago
Molly, a successful real estate salesperson, took some time off to stay at home with her first child. Days turned into weeks, we
Mariana [72]

Answer:

No

Explanation:

A licensing agreement is a partnership between an intellectual property rights owner (licensor) and another who is authorized to use such rights (licensee) in exchange for an agreed payment (fee or royalty).

Molly cannot simply pick up where she left off because two years after the license expires, all license rights lapse. Molly must re-qualify through the examination process before being licensed in real estate once again.

7 0
3 years ago
There are several economic explanations for why trade is so commonplace. Match each of the examples listed below with the econom
levacccp [35]

Answer:

Explanation:

A. Swiss watch manufacturers producing high quality time pieces.

1. Comparative Advantage

B. U.S. auto makers offering a great variety of makes and models of cars.

2. Specialization or Economies of Scale

C. The ability of developing nations to export textiles to wealthier countries.

US auto makers manufacture on large scale so they have economies of scale . Moreover they are technically superior because of specialisation .  

1. Comparative Advantage

wealthier nation too can export textile but that will be costlier so developing nation has comparative advantage of cheap labour.

D. Doctors becoming experts in one type of medicine rather than becoming proficient in many areas.

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E. Your economics professor paying a gardener to do work that he/she could do on their own.

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5 0
2 years ago
Sheffield Corp. is constructing a building. Construction began in 2020 and the building was completed 12/31/20. Sheffield made p
vazorg [7]

Answer:

Explanation:

Date = July 1 - 21

Expenses = 3,120,000

Weighted average expenses =  3,120,000 * 6/12 = 1,560,000

Accumulated expenses = 1,560,000

Date = Sept 1 - 21

Expenses = 6,468,000

Weighted average expenses =  6,468,000 * 4/12 = 3,716,000

Accumulated expenses = 3,716,000 - 1,560,000 = 2,156,000

Date = Dec 1 - 21

Expenses = 5,870,000

Weighted average expenses =  5,870,000*0/12 = 5,870,000

Accumulated expenses = 5,870,000 - 2,156,000 = 3,716,000

Thus, the weighted-average accumulated expenditures were $3,716,000.

6 0
3 years ago
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