Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Ann owns a lawn mowing company. She has 240 lawns she needs to cut each week. Her weekly revenue from these 240 lawns is $8,400. If given an 18-inch deck push mower, a laborer can cut each lawn in two hours. If given a 60-inch deck riding mower, a laborer can cut each lawn in 30 minutes. Labor is supplied in elastically at $10 per hour. Each laborer works 8 hours a day and 5 days each week.
a) If Ann decides to have her workers use push mowers, how many push mowers will Ann rent and how many workers will she hire?
b) If she decides to have her workers use riding mowers, how many riding mowers will Ann rent and how many workers will she hire?
c) Suppose the weekly rental cost (including gas and maintenance) for each push mower is $200 and for each riding mower is $2,100. What equipment will Ann rent? How many workers will she employ? How much profit will she earn?
d) Suppose the government imposes a 10 percent payroll tax (paid by employers) on all labor and offers a 5 percent subsidy on the rental cost of capital. What equipment will Ann rent? How many workers will she employ? How much profit will she earn?
When the Economy is at the point of Full Employment, is the Unemployment Rate zero percent.
how would you treat the possible future costs of a lawsuit that may occur as a result of this project, where the cost of the lawsuit might range from $10,000 to $500,000 with an associated probability distribution?
Suppose the government intends the tax to reduce the consumption of some goods for example, cigarette or chewing gum. Illustrate what will determine the effectiveness of the tax in reducing consumption
Draw and show with boxes and appropriate labeling who bears which portion of taxes. When does a price ceiling become binding and what does it create? Show in the diagram.
Edison Electric Company's president has been arguing that residential electric rates need to be raised relative to industrial rates.
A unique aspect of a market economy is that consumers and firms change their behavior largely in response to:
Explain how do we measure income inequality. What problems arise the more unequal a country's income distribution becomes.
Find out the equation for the firm's labor demand curve. Find the optimal level of labor for the firm to demand.
How much must be deposited each month for 9 months at an interest rate of 6.9% per month to allow for a single withdrawal of $50,854.48 at the same time as the last deposit?
An investor is considering the construction of a new marina on the Detroit river at a cost of $68m. M&O costs will average $80,000 per year for the first five years, and rise to $100,000 per year thereafter. A major overhaul costing $12m will be requ..
Compute the minimum rate of interest, and, therefore, the risk premium, at which you would lend $1000 on the informal market. Suppose you are risk-neutral.
What output will firm choose. What will be monopolistic competitor's average fixed cost at output it chooses.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd