8. Suppose the computer industry receives an initial extra income for $100. Think about the multiplier process in the first round. ii). How much income will local workers receive? O. $20 O. $25 0. $45 O. $55 FIGURE 6-1 The Urban Labor Marketesb sU 252Us5 iedW $1 gis s bnsmabadoisessroni nA chopraol brismsd 1 bobnumob od liw Labor supply dirhonbong S 1,000 chelimi2 Tests snizud binpie onbo Labor demand 25 50 75 Number of laborers in city (thousands) Monthly wage
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- Total # of Pots Produced Per Day 0, Number of Workers ut of 1 6. 13 18 21 5 23 6. 22 From the above table, the diminishing marginal return begins with. employee. Select one: O A. Second O B. Fifth O C. Fourth O D. First O E. Third MacBook Air F10 & * 5 7 8 9. 9| 0 Y 01 ق K J .つ 6 ).Table: LI TP MP АР 1 2 12 3 24 4 32 40 6 42 35 8 24 1. Fill In the missing MP and AP. 2. What is the ideal number of workers needed for a 300 sqm. Building? 3. Determine the LI that yields diminishing returns using the complete indicator. 4. Is it rational for a firm to hire the 3rd worker? Why and Why not? 5. Is it rational for a firm to hire the 4th worker ? Why and why not? 6. Graph the TP, MP and AP Schedule.A6 What is the response in a firm’s labour demand to a fall in the price of capital? How might such a change in the price of capital impact low and high skilled workers? Illustrate your answer with diagrams and / or a model, 500 WORD COUNT, NO PLAGIARISM.
- 4. Which of the following individuals is least likely to become involved in the setting of direct labor efficiency standards? a The purchasing manager. b. A production supervisor. C. A design engineer. d. A machine operator. e Aquality control analyst.Firms with maintenance-orientation cultures have more positive performahce than those with performance-focused cultures. O True O False1. Suppose Firm A has a budget of P1.5 million pesos in outsourcinginputs, labor and machines, that would lend support in its 1 yearoperation. Suppose further that the cost of labor for 1 year is P150,000and for a machine is P200,000. If it decides to hire 6 laborers, howmany machines would it accept?
- A job is a contract between a O A. bank; household; capital OB. manufacturer; retailer; entrepreneurial OC. firm; household; labor OD. bank; firm; capital 2 and a 1₁ for providing services.George quits a $50,000 a year job at Tesla, borrows $20,000 on his line of credit at a 12% interest rate, and opens a tourism business. After one year he earned accounting profits of $40,000. His economic profits are Select one: O A. $37,600. O B. - $12,400. OC. - $10,000. OD. $10,000. O E. $40,000.(Table) Based on the table, what is the MRP for the sixth worker? Q Labor Output Product Price MRP 25 11 2. 40 11 50 11 58 11 5 64 11 67 11 O A. $737 OB. $0 OC. $33 O D. $3 A Moving to another question will save this response. 0000
- Bob wins a lottery and receives $20,000 per year until he retires. As a result, he decides to work 35 hours per week instead of 40 hours per week. The annual income effect on a 50-week year is: O A. $20,000 O B. 0.0125 O C. -0.0125 O D. $4008. Study Questions and Problems #7 If someone's health declines, due to sickness or injury, their human capital revenue product and wage. This will tend to the person's marginal Gandak Now Savo & ContinueThe Al-Maskri Company in Seeb makes flower pots and receives RO 10 for each finished pot. Mr. Al-Maskri’s only factors of production are flower pot machine operators (labor) and a small building where the laborers work from. The number of flower pots per day the company produces depends on the number of employee-hours per day as shown below. The wage is RO 15 per hour. Number of pots per day Number of employee-hours per day 0 0 5 1 10 2 15 4 20 7 25 11 30 16 35 22 Al-Maskri’s daily fixed cost for the flower pot making machine and building is RO 60. Complete the following Table showing total revenue, variable cost, total cost, and daily profit for various quantities of daily flower pot production. Quantity of Pots per day Total Revenue RO per day Variable Costs RO per day Total Costs RO per day Profit RO per day 0 0 0 60 -60 5 75 -25 10 15…