How many assembly workers will zamboni enterprises choose

Assignment Help Business Economics

Reference no: EM133363975

Question: Suppose that Zamboni Enterprises is the only company that sells zambonis (ice resurfacing ' machines). To produce the machines, the company hires assembly workers. Since these workers can work in many different companies, Zamboni Enterprises must pay them the market wage, which is equal to $6. The number of zambonis that the company produces, which is denoted byy, is proportional to the number of assembly workers that it hires, which are denoted by N; in particular, the production function is given by y=0.73N. The economywide demand for zambonis is given by the following demand function:y=2780- 794p, wherey is the number of zambonis that consumers are willing to purchase at price p. Given this market structure, how many assembly workers will Zamboni Enterprises choose to hire? (Round all of your answers to the second decimal point.) How many zambonis will Zamboni Enterprises produce and sell?

Reference no: EM133363975

Questions Cloud

When choosing the kind of visual aids she will use : so Angela reminds him that the context of the speech is important to its overall impact

Differences between personal and scholarly research : search for information on this topic. If you don't have a favorite, Google is a good choice. Select one of the results and take some notes on the content

Analyze the industries where the company operates : Analyse one of the industries where the company operates, considering the structure of the competition and the competitive forces within hospitality industry.

You are required to conduct your developmental assessment : You are required to conduct your developmental assessment using appropriate assessment tools (these may be provided to you by your assessor or alternatively

How many assembly workers will zamboni enterprises choose : how many assembly workers will Zamboni Enterprises choose to hire? (Round all of your answers to the second decimal point.) How many zambonis will Zamboni

Discuss the pressures from the fintech : Topic: The Impact of COVID-19 on the Australian Economy "In Australia, we have a four pillars policy (the 'Big 4') for the banking industry.

What is the probability of a player being good : Suppose there are two types of players: good and bad. A good playe: catches the ball with probability 0.9, and a bad player catches the ball with probability J.

Is the adoption of a single currency for comesa feasible : Discuss the motives for countries in a regional block to adopt a common currency. Provide an assessment of the benefits and or drawbacks of such an initiative.

Definition of opportunity cost and what is the opportunity : Definition of "opportunity cost". what is the opportunity cost of attending college, noting that the concepts of opportunity costs and explicit monetary costs

User Account

All Pages