Find hourly wage rate of homes economy

Assignment Help Business Economics
Reference no: EM13861980

ALS ( labor hrs per unit to produce sausage) = 1 hr per pound

ALG (number labor hrs produce glue) = 3 hrs per gallon

Ps = price per pound of sausage

Pg (price gallon of glue) = 12

Find hourly wage rate of Home's economy.

Reference no: EM13861980

Questions Cloud

Assume that the bond payments are annual : A bond with 20 years remaining has a face value of $1000 and a coupon rate of 15%. Assume that the bond payments are annual and the coupon was just paid.(a) What is the yearly coupon payment?(b) What is the price of the bond if it has a 6% yield to m..
Traffic management plan for a four-lane : Write a report to develop a worksite traffic management plan for a four-lane two-way arterial road. In you plan include: The eight steps of worksite traffic management processes. The location of lead vehicle, work vehicle, shadow vehicle and tall veh..
Find the tax rate and after tax income : Mr.A makes $50,000 a year and pays $10,000 in taxes. Ms.B makes $30,000 a year and pays $6,000 in taxes. Find the tax rate and after tax income for each of them. Identify what type of tax this is. Consumption is $6 trillion, investment is $2 trilion ..
What type of investments should you seek : As an investor desiring a diversified portfolio, what type of investments should you seek? Should you seek ones with a positive or negative correlation? Please discuss and provide specific examples.
Find hourly wage rate of homes economy : Find hourly wage rate of Home's economy.
Exchange three black shirts for one red shirt : Suppose there are two types of shirts available to Carl: red shirts and black shirts Carl is always willing to exchange three black shirts for one red shirt. Are Carl's preferences monotonic? How do you know?
How many units of nuts will ambrose choose : Ambrose's utility is U(x lowercase 1, x lowercase 2= 4x^1/2 lowercase 1 + x lowercase 2. If the price of nuts  (good 1) is $1, the price of berries  (good 2) is $7, and his income is $238, how many units of nuts will Ambrose choose?
The project communication plan contains : In a resource-constrained project, which of the following is most likely to be changed?
Develop a business plan to open and grow the park : Global Location Decision for New Disney Theme Park study for a new theme park in Country Australia to open in 2030 - develop a business plan to open and grow the park.

Reviews

Write a Review

Business Economics Questions & Answers

  Are your households resources allocated fairly

Start with your factors of production on page 34 and then briefly describe whether these resources were allocated efficiently. Think about how you can check whether marginal benefit equals marginal cost for each of your household’s activities. Are yo..

  Designed to detect multicollinearity in regression model

What statistic is designed to detect multicollinearity in a regression model?

  Describe some forms of private spending

Describe some forms of private spending which represent consumption some forms which represent investment.

  Charging the most favorable price

For the product is charging the most favorable price

  Qpluto inc has a beginning cash balance of 430 on february

q.pluto inc has a beginning cash balance of 430 on february 1st.the firm has project sales of 600 in january 800 in

  Acquisitions are entry strategies for expansion

Acquisitions are entry strategies for expansion through the purchase of an existing organization, a unit of an organization, or a product or service.

  Find his utility for the consumption combinations

Suppose a caffeine-deprived man needs to wake up. Suppose his preferences on a day can be described by U=3*coffee+2*tea. If the price of coffee is $4 and the price of tea is $1. He has $12 to spend on these drinks on a day. Find his utility for the f..

  How can a company expand its production

One month ago, they added five workers, and productivity also increased by 50,000 pages per day. Copiers cost about twice as much as workers. Would you recommend they hire another employee or buy another copier?

  Full employment is without a doubt the ultimate goal of

full employment is without a doubt the ultimate goal of every nation however in spite of the failures of controlled

  Calculate the official settlements balance

Elucidate what happened to Ikonomia's net foreign assets during 2007. Did it acquire or lose foreign assets during the year.

  Inflation expectations in korea compared to the us

Elucidate what does this indicate concerning inflation expectations in Korea compared to the US.

  Which investment has a higher rate of annual cash return

Which investment has a higher rate of annual cash return? Investment A: $1,000 bond with a coupon rate of 4 percent selling for $1,200 or Investment B: $1,000 stock with a P/E ratio of 10 that pays out half its profits in dividends.

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