User Account

All Pages

Acres to clear when the price of labor

Assignment Help Business Management
Reference no: EM131438000

Suppose Woody Chuck's business is to clear trees for housing developments. The production function is *L^.5 (Woody's workers use their bare hands and no capital. ROAR!). Suppose Woody Chuck's is one of many firms clearing land (hint: competitive market) and that the market price per cleared lot is $4000. What's the profit maximizing number of acres to clear when the price of labor is $4?

  • 4
  • 20
  • 25
  • 4000

Reference no: EM131438000

Questions Cloud

Equilibrium price charged and the equilibrium quantity : Q2 = 75 - (1/3)P2, what will be the equilibrium price charged and the equilibrium quantity sold to each type? Other than "having monopoly power", what needs to be true for the monopolist to keep following this pricing strategy?
Why do we care about monopoly : Why do we care about monopoly? From a social welfare standpoint, which is worse: a perfectly-price-discriminating monopoly or a "regular" monopoly? Why?
Convert the sales number to deflated sales using cpi : Convert the sales number to deflated sales using CPI; de-seasonalize the deflated sales number using seasonal index; run a time-series regression model; forecast for all quarters for 2015.
Demand curves and monopolist cost functions : For these demand curves and monopolist cost functions, please find the equilibrium quantity, price, and monopoly profit:
Acres to clear when the price of labor : Suppose Woody Chuck's is one of many firms clearing land (hint: competitive market) and that the market price per cleared lot is $4000. What's the profit maximizing number of acres to clear when the price of labor is $4?
Compare and contrast european values and ways of life : Compare and contrast European values and ways of life with those of the Indians. Consider addressing religion, views about ownership of land, gender relations, and notions of freedom.Compare the different economic and political systems of spain, Po..
Watch the video titled - great voyages- zheng he : write a summary of 10 salient points during the lecture, please number from 1-10
Firm maximizes profit : If a monopolist can represent the demand of its product as Q = 100 - P, where Q is the quantity of production and sales and P is a uniform price charged to each customer, and has a constant marginal cost of production of 26; then when the firm max..
Chance of losing half of wealth : Monica's utility is determined by his wealth such that U=log(w) , where W is his wealth in dollars. If he has a current wealth of $350,000, approximately what is the most he would willingly pay to insure against a 1% chance of losing half of his w..

Reviews

Write a Review

Business Management Questions & Answers

  Analyze the exchange rate against the dollar

For the country selected in exercise 5, analyze the exchange rate against the dollar during the same period.- Is there any observable relationship between the balance-of-payments accounts and the exchange rate?

  Determine some characteristics of his queue

Paul hires you to examine the situation and to determine some characteristics of his queue. After looking into the problem, you find it follows the six conditions for a single-server waiting line (as seen in Model A).

  Presentation techniques for the different viewers

The write-ups given below are presentation techniques for the two different viewers in bold print. Make a PowerPoint slide show for at least one of the audience below.

  What is the capability score of the filling process

A hospital is forced to manually put the flu shot vaccine into the syringes.- What is the capability score of the filling process.

  Discuss two forms of healthcare delivery

Discuss two forms of healthcare delivery. What are the advantages and disadvantages of using this type of delivery? How are they financed? Your response should be at least 300 words in length.

  President eisenhower cut on military

What impact did President Eisenhower's cut on military spending have on the United States economy during the 1950's?

  What the business produces or sells

What the business produces or sells - who the main customers are and where most of the customers are located (e.g. in Townsville, Jakarta, or on the net);

  Create a diagram of the organizational structure

Develop a PowerPoint presentation that accomplishes the following: Create a diagram of the organizational structure showing the hierarchy and chain of command. Develop a flowchart that analyzes the steps of the organization's business processes

  Manager''s expense report

He has been with the company a long time and is highly respected. What should you do about this? Please discuss in detail and justify your reasoning.

  Perform the managerial role of the figurehead and leader

when managers perform in the interpersonal role, they perform the managerial role of the figurehead, leader, or liaison. Manages engage in interpersonal roles to provide direction.

  How vectorcal could estimate the future indirect costs

Suggest one way in which how VectorCal could estimate the future indirect costs for at least ten potential line items related to the production of its navigation systems

  Question about training

Jim Delaney, president of Apex Door, has a problem. No matter how often he tells his workers how to do their jobs, they invariably decide to do it their own way,

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd