Determine which company earns more money

Assignment Help Econometrics
Reference no: EM13231705

A certain area has 7500 workers who are willing to work at any salary. The area has two places of employment, A and B.

At A, the value of the marginal production of the workers is
w = 1800-0.1L

At B, it is
w = 1800-0.2L

where L is the number of workers and w is their salary per day. Which company earns more money?

Reference no: EM13231705

Questions Cloud

Indicate the level of data meauserement for each : Indicate the level of data meauserement for each of the variables in this file.
What will be the values of h1 and h2 : Consider two cache organizations both of them are using 32KB cache,32 bit physical address and 32B blocks. The 1st one is 2-way set associative cache, 2nd one is direct mapped cache
Rome''s success as an imperial power : As potrayed by Virgil, what was the basis of Rome's success as an imperial power (In The Aeneid)? How had perceptions changed by the time Tacicus write Germania?
What telecommunications device was the transistor initially : what telecommunications device was the transistor initially invented to improve?
Determine which company earns more money : A certain area has 7500 workers who are willing to work at any salary. The area has two places of employment, A and B. At A, the value of the marginal production of the workers is w = 1800-0.1L At B, it is w = 1800-0.2L
Analyze the diversity practices of your organization : Analyze the diversity practices of your organization to determine if it is engaged in surface-level or deep-level diversity. Provide specific examples to support your response.
Describe the measured rate constants as a function : One of the most historically significant studies of chemical reaction rates was that by M. Bodenstein (Z. Physik. Chem. 29 (1899) 295) of the gas phase reaction and its reverse, with rate constants and , respectively. The measured rate constants a..
How is the spanish culture during : How is the spanish culture during the republic government? describe the characteristics. what cultural environment do you think is in spain? menchtion the program of the national association of spanish women, pereria wall.
What purposes do cpus, memory and i-o devices : What purposes do CPUs, memory and I-O devices individually serve in a computer system

Reviews

Write a Review

Econometrics Questions & Answers

  Determining greatest present value

Suppose that you have just been employed as a consultant to help a company decide which of 3-options to take to maximize the value of the company over the next three years.

  Calculate whether or lease or purchase is the better deal

In Fairbanks, the Alyeska pipeline service Co. purchased 160 acre homestead from pioneer for $1000 an acre and 250,000 for the cabin and garage. A cabin and garage were preserved as an historical property for an additional $80,000 and moved off-si..

  By what percentage did us total factor production grow

What happened to the marginal product of labor between 1960 and 2007 calculate the marginal product numerically as the extra output gained by adding 1 million workers in each of the two years.

  What end-of-quarter deposit must be made

Money can be deposited at 6% compounded quarterly. What end-of-quarter deposit must be made from the son's third birthday to his 18th birthday to provide $60,000 on each birthday from the 18th to the 21st.

  Define cardinal utility functions

If two people have cardinal utility functions, person1 is Utility = XY and person2 is Utility = (XY)^1/3 which bundle would they find to be best Bundle 1: Has an indifference curve of Y = 1/X

  What is the cost per child for these additional 20 children

Your accountants tell you that it costs $400 to set up an immunization program at a preschool and immunize one child against polio. It will cost $460 to immunize 20 more children.What is the cost per child for these additional 20 children

  What is the multiplier for credit-nanced government spending

Draw the Keynesian Cross diagram of this economy. Carefully label intercept and slope of the aggregate demand curve. What is the multiplier for credit-nanced government spending? That is what is the effect of an increase in G while T remain unchang..

  What is the new total of reserves with the deposit

Assets Liabilities Deposits at The Fed $40,000 Checkable Deposits $500,000 Cash $10,000 Net Worth /Capital $20,000 Loans $300,000 Securities $150,000 Fed Stock $20,000 1. What is the reserved ratio

  What cost concept was ford taking advantage of to produce

In the early 2000s car makers began to design vehicles' chassis, engine, and transmissions so that different models could be produced on the same assembly line. Within the first year of implementing the plan, Ford cut production costs by $240 per ..

  What is the book cost of the stainless steel pump

A pump has faild in a facility that will be completely replaced in 3 years. A brass pump costing $6000 installed will last 3 years. However, a used staniless steel pump that should last 3 more years has been sitting in the maintenance shope for a ..

  What age does bmi reach highest level in american adults

One of the measures used in studying health and obesity is the Body Mass Index (BMI). A BMI measure between 20 and 25 is considered healthy; a measure of over 30 makes a person obese. The average BMI in the United States rose from 25 to about 27.7..

  Determine what is the firms monthly output

The Kentucky Pride Distillers make and distribute a premium-grade whiskey in two distinct markets, one in the Midwest and one in the South. Estimated demand functions in the two markets are Q1 = 150 - P1 Q2 = 200 - 2P2 while unit cost is ATC = 30 ..

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!

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