How much mpl of new hire is expected

Assignment Help Econometrics
Reference no: EM13191249

You are a manager of a firm that sells output in a competitive market for $3 per unit. You employ five workers and deciding whether to hire an additional help. MPL of new hire is expected to be 500 units per week. The market wage rate for the skill you are looking for is $1200 per week. Should you hire another worker? Why? Why not?

Reference no: EM13191249

Questions Cloud

Compute the density of the gas in the tank : If the temperature is 22 degrees C, the total pressure in the tank is 3.50 atm, and the density of the gas in the tank is 1.17 g/L, what is the partial pressure of H2?
How many hours a week will he choose to spend raising pigs : Ymir Larson farms near Niffleheim, Minnesota. He works 80 hours a week. He can either grow rutabagas or raise pigs. Every hour that he spends growing rutabagas gives him $2 of income this year. Every hour that he spends raising pigs this year will..
State what is the product of toluene conj base of alcohol : What is the product of toluene+ conj base of alcohol? ( a ring with a O- ) also, where does equilibrium lies?
Compute the entropy change of the surroundings associated : Calculate the entropy change of the surroundings associated with this heat transfer. Assume the weight of an average adult is 80.0 kg.
How much mpl of new hire is expected : You employ five workers and deciding whether to hire an additional help. MPL of new hire is expected to be 500 units per week. The market wage rate for the skill you are looking for is $1200 per week.
State and compare the orbital electronic configuration for k : Compare the orbital electronic configuration for K and Rb (s block), Hf and Zr (d block), F and Cl (p block). For each element, which ionic configuration should be the most stable?
State is that molecule ch4 a polar or non-polar : What about the molecule as a whole? Is that molecule CH4 a polar or non-polar?
What would be the long term impact on economic growth : Do you think that NAFTA has forced the US economy to reallocate its resources to more capital intensive goods? If so, what would be the long term impact on economic growth
Define the concentration of the hydronium ion : Calculate the pH of a solution in which the concentration of the hydronium ion is 2.0 x 10^-4 M.

Reviews

Write a Review

 

Econometrics Questions & Answers

  What is the probability that he or she is a coalition voter

Suppose it is known that 45% of the population are Coalition voters, 45% are ALP voters, and 10% vote for Greens.

  Multiple choice - economics and management review

Determine when the exponents of a Cobb-Douglas production function sum to more than one, the function exhibits

  What is the net national cost of the tariff

Suppose the world price for a good is 40 and the domestic demand and supply cureves are given as: Demand: P=80-2Q Supply: P=5+3Q A) How much is consumed? B) How much is produced at home? C) What are the values of consumer and producer surplus?

  Calculate the value of any steady state level

In a country, output is produced with labor and physical capital. The production function in per-worker terms is y=k^1/2. The depreciation rate is 2%. The investment rate (&) is determined as follows: &=0.2 if y

  What price-quantity combination maximizes the profits

Monopoly manager has the demand and cost functiones as P=200-2Q and C(q)=2000+3Q2 1- calculate the maximum profits 2- what price-quantity combination maximizes the profits 3- at the profit-maximizing price-quantity combination, what is the demand ela..

  Estimate annual operating and maintenance costs

Value Lodges owns an economy motel chain and is considering building a new 200-unit model. The cost to build is estimated at $8,000,000; estimates for motel furnishings will cost an additional $700,000 and will require replacement every 5 years. A..

  Calculate the stocks current yield

Suppose that the price of a stock is $50 at the beginning of a year and $53 at the end of the year, and it pays a dividend of $2 during the year. Calculate the stock's current yield, capital-gains yield, and the return.

  Would you expect ticket revenue to rise or fall

Currently, a typical fan pays an average ticket price of $5. The price elasticity of demand for tickets is -0.6. Management is thinking of raising the average ticket price to $5.50. Compute the predicted percentage change in tickets sold. Would yo..

  How much will the profit or loss be

Refer to the above data. If the product price is $25 at its optimal output, will the firm realize an economic profit, break even, or incur an economic loss How much will the profit or loss be How much will the profit or loss be

  Calculate a stock with a beta

Use the capital-asset pricing model to predict the returns next year of the following stocks, if you expect the return to holding stocks to be 12 percent on average, and the interest rate on three-month T-bills will be two percent.

  Indicate freddies accounting and economic profit

The XYZ Company produces whatchamacallits in a perfectly competitive industry. The market price is currently $8.50/unit. Freddie Freeloader, operations manager at XYZ's manufacturing facility in French Lick, Indiana, must decide how many whatcha..

  Determine the yearly gdp

GOOD Price yr 1 Quantity of Goods year1 Price yr2 Quantity of goods yr2 Quarts of icecream $6 4 $6 6 Bottles of shampoo $4 2 $4 3 Jars of PeanutButter $3 4 $3 3

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