Homework Answers
Q1
a)
Answer
Option 2
the firm hire at
MLC=S
where
the firm hire 16 workers
b)
Answer
Option 1
$6
the wage is $6 at the workers level from the supply curve
as the monopsonist is only firm to hire so the firm so pay at the
willingness to accept
Q1c)
W=8+0.4L
L=32
W=8+0.4*32
=20.8
TC=wage * number of labors
=32*20.8=665.6
L=31
W=8+0.4*31
=20.4
TC=31*20.4=632.4
MC of labor =665.6-632.4=33.2
Add Answer to:
1 a
1b
1c
Refer to the graph below. How much labor will the monopsonist hire?...
Also, what wage rate will the monopsonist pay? A. $3 B. $6 C. $12 D. $9 ect Question 6 0/0.1 pts Refer to the gra...
Also, what wage rate will the monopsonist pay?
A. $3
B. $6
C. $12
D. $9
ect Question 6 0/0.1 pts Refer to the graph below. How much labor will the monopsonist hire? MLC: $18 $15 -... $12 - $9 ----- $6 ------- 16 24 32 4048
please anwser all questions. thank you so much! Aa Aa Undershaft Industries is a monopsonist. The following graph shows the labor supply curve it faces (labeled "S"), its marginal reven...
please anwser all questions. thank you so much!
Aa Aa Undershaft Industries is a monopsonist. The following graph shows the labor supply curve it faces (labeled "S"), its marginal revenue product curve (labeled "MRP"), and its marginal rèsource cośt curve (labeled MRC). WAGE (Dollars per hour 50 MR 40 MRP 30 20 10 10 20 30 40 QUANTITY OF LABOR INumber of werkersl Undershaft faces an upward-sloping above its labor supply curve. labor supply curve. Therefore, its marginal resource cost...
Fill in the table below assuming the price is now $2 and the nominal wage is...
Fill in the table below assuming the price is now $2 and the nominal wage is $16 c. W/P VMPL MPL Price Output Labor 0 20 1 36 48 3 56 4 5 60 62 6 d. How many workers will the firm hire? e. Using the information in the table above, fill in the table below. Real wage Workers Hired Price Nominal Wage $20 $1 2 40 1 16 32 2 1 12 2 24 1 8 2 16...
Refer to graph- fill in empty boxes Infant 1 Infant 2 Weight Length (kg) (cm) Weight...
Refer to graph- fill in empty boxes
Infant 1 Infant 2 Weight Length (kg) (cm) Weight Length Weight | Length (kg) Weight Length %ile Age Date Age Date (cm) %ile %ile %ile mo mo 10.4.11 3.15 4.8.1 3.20 49.5 52.1 DOB 1 DOB 61.0 59.0 7.6.1 6.49 1.6.12 5.08 1 10.12 8.30 67.0 6.07 4.4.12 62.7 11 10.11.1 7.55 10.06 71.1 4.11 76.3 12 2 10.5 4.10.13 8.42 76.0 12.76 85.2 12 Birth to 24 months: Girls NAME Length-for-age and...
Write a program in C that stores the result of all multiplications between 1 and 9...
Write a program in C that stores the result of all
multiplications between 1 and 9 in a two-dimensional int array and
then prints the contents of the array to the screen. Also, write
some comments in the code.
Example:
Expected output: 1 4 6 7 8 8 1 12 14 16 18 4 3 6 9 12 15 18 21 24 27 4 8 12 16 20 24 28 32 36 5 1e 15 20 25 30 35 40...
Name: 1. Consider a firm that hires workers (L) and produces output (Q). a. If the...
Name: 1. Consider a firm that hires workers (L) and produces output (Q). a. If the firm charges a price of $1 per unit output (P) and pays a nominal wage of $8 per worker (W), fill in the values in the following table, where MPL is marginal product of labor (units per worker), VMPL is the value of the marginal product of labor ($ per worker), and W/P is the real wage (units per worker). Labor Output MPL Price...
in Java programming Using IF statement, write a program that prints multiplication table for 1-10. Sample...
in Java programming Using IF statement, write a program that prints multiplication table for 1-10. Sample Program Output. 1 2 3 4 5 6 7 8 9 10 1 1 2 3 4 5 6 7 8 9 10 2 2 4 6 8 10 12 14 16 18 20 3 3 6 9 12 15 18 21 24 27 30 4 4 8 12 16 20 24 28 32 36 40 5 5 10 ...
Complete the following labor supply table for a firm hiring labor competitively 9 Marginal Marginal Resource...
Complete the following labor supply table for a firm hiring labor competitively 9 Marginal Marginal Resource Units of Total Labor Revenue Labor (Labor) Cost Wage Rate Cost Product $14 $ na na 1 14 $38 2 14 28 14 24 4 14 20 5 14 14 6 14 1e Show graphically the labor supply and marginal resource (labor) cost curves for this Instructions: 1. Use the line tool (MRC, plot 6 points) to draw the marginal resource cost curve. 2...
In the short run, a tool manufacturer has a fixed amount of capital. Labor is a...
In the short run, a tool manufacturer has a fixed amount of capital. Labor is a variable input. The cost and output structure that the firm faces is depicted in the following table. Suppose that for the firm, the goods market is perfectly competitive. The market price of the product is $4 at each quantity supplied by the firm. Labor Supplied Total Physical Product Hourly Wage Rate ($) Total Wage Cost Marginal Factor Cost 10 100 5 50 − 11...
any help woukd be appreciated 1a,1b,1c ,1d pls Your colleague surveyed a sample of 50 people...
any
help woukd be appreciated
1a,1b,1c ,1d pls
Your colleague surveyed a sample of 50 people and asked them whether they are white (W) or nonwhite (N), and how many hours of they spend on social media in the average week. She also asked them to tell her whether they perceive themselves as being in the upper (U), middle (M), working (W), or lower (L) class and how many years of education they have. Her survey resulted in the raw...
Also, what wage rate will the monopsonist pay?
A. $3
B. $6
C. $12
D. $9
ect Question 6 0/0.1 pts Refer to the graph below. How much labor will the monopsonist hire? MLC: $18 $15 -... $12 - $9 ----- $6 ------- 16 24 32 4048
please anwser all questions. thank you so much!
Aa Aa Undershaft Industries is a monopsonist. The following graph shows the labor supply curve it faces (labeled "S"), its marginal revenue product curve (labeled "MRP"), and its marginal rèsource cośt curve (labeled MRC). WAGE (Dollars per hour 50 MR 40 MRP 30 20 10 10 20 30 40 QUANTITY OF LABOR INumber of werkersl Undershaft faces an upward-sloping above its labor supply curve. labor supply curve. Therefore, its marginal resource cost...
Fill in the table below assuming the price is now $2 and the nominal wage is $16 c. W/P VMPL MPL Price Output Labor 0 20 1 36 48 3 56 4 5 60 62 6 d. How many workers will the firm hire? e. Using the information in the table above, fill in the table below. Real wage Workers Hired Price Nominal Wage $20 $1 2 40 1 16 32 2 1 12 2 24 1 8 2 16...
Refer to graph- fill in empty boxes
Infant 1 Infant 2 Weight Length (kg) (cm) Weight Length Weight | Length (kg) Weight Length %ile Age Date Age Date (cm) %ile %ile %ile mo mo 10.4.11 3.15 4.8.1 3.20 49.5 52.1 DOB 1 DOB 61.0 59.0 7.6.1 6.49 1.6.12 5.08 1 10.12 8.30 67.0 6.07 4.4.12 62.7 11 10.11.1 7.55 10.06 71.1 4.11 76.3 12 2 10.5 4.10.13 8.42 76.0 12.76 85.2 12 Birth to 24 months: Girls NAME Length-for-age and...
Write a program in C that stores the result of all
multiplications between 1 and 9 in a two-dimensional int array and
then prints the contents of the array to the screen. Also, write
some comments in the code.
Example:
Expected output: 1 4 6 7 8 8 1 12 14 16 18 4 3 6 9 12 15 18 21 24 27 4 8 12 16 20 24 28 32 36 5 1e 15 20 25 30 35 40...
Name: 1. Consider a firm that hires workers (L) and produces output (Q). a. If the firm charges a price of $1 per unit output (P) and pays a nominal wage of $8 per worker (W), fill in the values in the following table, where MPL is marginal product of labor (units per worker), VMPL is the value of the marginal product of labor ($ per worker), and W/P is the real wage (units per worker). Labor Output MPL Price...
Complete the following labor supply table for a firm hiring labor competitively 9 Marginal Marginal Resource Units of Total Labor Revenue Labor (Labor) Cost Wage Rate Cost Product $14 $ na na 1 14 $38 2 14 28 14 24 4 14 20 5 14 14 6 14 1e Show graphically the labor supply and marginal resource (labor) cost curves for this Instructions: 1. Use the line tool (MRC, plot 6 points) to draw the marginal resource cost curve. 2...
any
help woukd be appreciated
1a,1b,1c ,1d pls
Your colleague surveyed a sample of 50 people and asked them whether they are white (W) or nonwhite (N), and how many hours of they spend on social media in the average week. She also asked them to tell her whether they perceive themselves as being in the upper (U), middle (M), working (W), or lower (L) class and how many years of education they have. Her survey resulted in the raw...
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