Assignment 4 Logistics

A company called Tramlaw has become the only employer in the local market for retail labor. The marginal value (extra profit before wages) of hiring an additional worker-hour is ?? = 60 − ?, where ?? is marginal value and ? is the hours of labor worked. The supply of workers is given as ? = ? 2 , where ? is the wage (the price of labor). Assume Tramlaw pays all retail workers in this market the same wage. For parts (a) and (b), ignore the numbers and equations (though you could use the equations as hints). a. Explain in words why Tramlaw’s marginal cost of hiring an additional worker-hour is higher than supply, which represents the marginal cost to the worker of providing an additional hour of labor. b. Draw a market diagram of Tramlaw’s local labor monopsony, including marginal value (MV), supply (S), and marginal cost (MC). Graphically indicate the monopsonist’s profit-maximizing quantity of labor ??, wage ??, the efficient quantity of labor ? ∗ , and any deadweight loss (DWL)…

Answer in reference to managerial accounting. 1. Which of the accompanying assertion is valid. A) Elasticity of interest is constant all through the interest bend. B)Elasticity of interest increments as one goes down the interest bend. C)Elasticity of interest finishes as one goes down the interest bend. D)The slant of interest bend rises to its flexibility 2. When the pay versatility of interest for a decent is negative ,the acceptable is. A)normal great B)luxury great  C)inferior great  D)giffen great  3.For correlative its, the cross versality of interest will be. A)zero B) infinity C)Negative D)positive ,yet not as much as endless. 4.Which of coming up next isn't accurate. A)The law of interest says ,ceteria paribus , the lower the cost of a decent ,the more noteworthy the amount requested. B)The law of supply says ,ceteris paribus,the higher the cost of a decent ,the more noteworthy the amount provided. C)The supply bend for an exceptional short lived great is level. D)The request…

V4. Suppose that you have the following information about the market for employees in your buisness: Supply: W=20+N Demand: W=40-N a. Suppose that the union negotiates a team size of only 5 employees. Draw this graphically and calculate the new equilibrium wage number of employees. b. Draw this graphically and calculate the equilibrium wage and number of employees hired.

Why are firms willing to pay higher wages to highly educated workers?   a. Firms are willing to bear the cost of education.     b. Highly educated workers prefer to accept jobs with higher wages.     c. Highly educated workers are equipped with more physical capital.     d. Highly educated workers have higher marginal products.   Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.

A company has 700 employees who work 140 hours a month each. Each worker earns $37 per hour. There is a profitable project the company would like to start, but it would require an additional 42,000 working hours within three months to be completed, and all the employees are fully loaded with other projects. The company does not want to hire new staff; they would like the project to be completed by the current workforce instead. Given that the wage elasticity of labor supply is 0.65, calculate the hourly wage the company should offer its employees to encourage them to work on the new project.

According to the income effect, if an employee receives higher wages, ceteris paribus, it leads to fewer hours worked. True O False  Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.

A company has 350 employees who work 120 hours a month each. Each worker earns $21 per hour. There is a profitable project the company would like to start, but it would require an additional 21,000 working hours within three months to be completed, and all the employees are fully loaded with other projects. The company does not want to hire new staff; they would like the project to be completed by the current workforce instead.Given that the wage elasticity of labor supply is 0.8, calculate the hourly wage the company should offer its employees to encourage them to work on the new project. Use the midpoint method and round to two decimal places throughout your calculations.

Managerial Economics Suppose that a sales force has found 20 qualified buyers and has begun the sales process. The sales manager estimates that 10% eventually proceeds to make a purchase. Assume that a professional company offers three services, priced at $2,000, $7,000 and $20,000, respectively. Based on past results or the sales manager’s estimates, you project that 60% of first-time buyers will choose the cheapest option, 30% will choose the middle option and 10% will choose the most expensive option. a. Calculate the size of a likely sale for any prospect that makes a purchase.

give some analysys on the graph Logarithmic series of the supply-demand gap and the spread under the double-track system in China’s natural gas market

17.         If the economy struggles in 2023 Lincoln Electric will seedemand ____________ for its products.  This would cause Lincoln to ____________ production and overall compensation for Lincoln workers would ________.    Fall; increase; increase  Increase; increase; increase  Fall; decrease; decrease  Increase; decrease; increase  None of the above due to Lincoln’s ‘piece work’ model of compensation.

The correct answer turned out to be AA and DD will Shift. Now it's asking me to draw new AA and DD lines.

Let’s consider the economics of waiting. The economic cost of waiting can be viewed from two perspectives. For the company Apple, consider the cost of keeping an employee (i.e., an internal customer) waiting can be measured by unproductive wages. For external customers, the cost of waiting is the forgone alternative use of that time. In a competitive market, excessive waiting can lead to lost sales (Bordoloi, p. 95). Sometimes the perception of waiting is more important to the customer than the actual time spent waiting, suggesting that innovative ways should be found to reduce the negative aspects of waiting. Describe what this looks like within Apple's organization. What can be done today to reduce or eliminate this waiting, whether it is physical waiting or the perception of waiting? Also, consider waiting times for different access points for Apple: considering the website, calling Apple, emailing Apple, social media, and other access points. How will you address waiting in each of…

Assume that tighter immigration laws cause a reduction in the supply of agriculturalworkers and this leads to higher wages in the sector. Dean’s Fruity Produce Ltd, afarm in Leicestershire, uses two inputs to harvest its output – machines (capital) andagricultural workers. Dean, the managing director of the company, has employedKarishma (a brilliant statistician) and she has estimated that the business’s long-runwage elasticity of labour demand is -1.7. Using isoquant/isocost analysis, explain the possible impact of the higher wages on the output level, total cost of production and input-factor mix of this business in boththe short and long-run and how would your answer change if Karishma had estimated that the long-run wageelasticity of labour demand was -0.4? (1000 words)

10. Problems and Applications Q10 Suppose that Congress passes a law requiring employers to provide employees some benefit (such as healthcare) that raises the cost of an employee by $4 per hour. Assume that firms were not providing such benefits prior to the legislation. On the following graph, use the green line (triangle symbol) to show the effect this employer mandate has on the demand for labor.   New DemandNew SupplyEquilibrium Before LawEquilibrium After Law01234567891020181614121086420Wage (Dollars per hour)Quantity of Labor (Thousands)DemandSupply5, 6   Suppose employees place a value on this benefit exactly equal to its cost.   On the preceding graph, use the purple line (diamond symbol) to show the effect this employer mandate has on the supply of labor.   Suppose the wage is free to balance supply and demand.   Use the black point (plus symbol) to indicate the equilibrium wage and level of employment before this law, and use the grey point (star symbol) to…

Every year, management and labor renegotiate a new employment contract by sending their proposals to an arbitrator who chooses the best proposal (effectively giving one side or the other $1 million). Each side can choose to hire, or not hire, an expensive labor lawyer (at a cost of Employer Low Salary Offer High Salary Offer Employee Walks Employer gets 0 Employee gets 0 Employee Accepts Employer gets 100 Employee gets 75 Employee Walks Employer gets 0 Employee gets 0 Employee Accepts Employee gets 100 Employer gets 75 $200,000) who is effective at preparing the proposal in the best light. If neither hires lawyers or if both hire lawyers, each side can expect to win about half the time. If only one side hires a lawyer, it can expect to win three-quarters of the time. 1. Diagram this simultaneous-move game. 2. What is the Nash equilibrium of the game? 3. Would the sides want to ban lawyers?

Kindly help solve and explain all steps and intuition. Thank you!   A firm is considering hiring a worker and providing the worker with general training. The training costs $1,000, and the worker’s MRPL (marginal revenue product of labor) during the training period is $3,000. If the worker can costlessly move to another employer in the post-training period and that employer will pay a wage equaling the new MRPL, how much will the training firm pay the worker in the training period?

Consider the following model of the factors that influence a person's annual wage: Y = β0 + β1X1 + β2X2 + β3X1X2 + β4X3 + u where Y = annual wage, in dollars X1= years of formal education X2 = age, in years X3 = variable equal to 1 if male, 0 otherwise U = error term Which of the following is the interpretation of β1 alone? The effect of X1 on Y when X2 = 0 The effect of X1 on Y when X2 is at its median value. The effect of X1 on Y, holding all else equal. The effect of X1 on Y when X2 is at its mean value.

Managerial Economics Suppose that a sales force has found 20 qualified buyers and has begun the sales process. The sales manager estimates that 10% eventually proceeds to make a purchase. Assume that a professional company offers three services, priced at $2,000, $7,000 and $20,000, respectively. Based on past results or the sales manager’s estimates, you project that 60% of first-time buyers will choose the cheapest option, 30% will choose the middle option and 10% will choose the most expensive option. a. How many qualified buyers must be found in order for the company to generate $80,000 in sales in a given period? Your final answer must be rounded to the nearest whole number.

You sell bracelets online.  The demand for these bracelets is:P = 91 – 2QThe bracelets cost $4 each to produce.  If you choose to sell a bracelet, you cannot sell a necklace, which has averaged $17 in profit.   At what price should you sell the bracelets?  Enter as a value.  ROUND TO TWO DECIMAL PLACES.

Only typed answer and please don't use chatgpt  A firms labor demand and labor supply equations are shown below.   Labor demand equation: Ld = 40- 2(w)   Labor supply equation: Ls = 20 + 3(w), where w is the wage per hour worked.   Instructions: Round your answers to the nearest whole number.   a. The equilibrium wage is $______ and the equilibrium quantity of labor employed is______ people.   b. The workers, thinking that their wages are too low, decide to strike. After tense negotiations, the firm decides to raise the wage by 50 percent. After the wage increase, ______ people are unemployed.

samsung reported a staggering 20 percent drop in sales of it's flagship smartphone,the Galaxy S5, for the last three months. Profits declined even more - a 49 percent collapse from last year. The reason for this collapse: Apple's introduction of it's large- screen Iphone 6 and price cuts on the IPhone 5. Apple dropped the price of the 16GB IPhone 5s from $199 to $99 and the 8GB IPhone 5s from $99 to a cool $0, with contract.   By changing the denominator in each case, compute the percentage change in the 16GB IPhone 5s price, as computed from (a) The initial price (b) The final price (c) The average price

The Reserve Bank of Australia (RBA) IS committed to doing what it can to support jobs, incomes, anc businesses in Australia. The Reserve Bank of Australia reduced the official cash rate couble of times during the pandemic in 2020-21 to boost the economy. These RBA decisions to reduce interest rates have impacted manv sectors including the housing sector in Australia.   Reauired:   Ouestion:1   suppose the nousine sector in Australia is a perrectiv competitive market.   1). Draw a diagram of a perfectly competitive firm making short-run economic losses during covid 19 pandemic situation. Explain your answer.   2). Explain the impact of interest rate reduction in the housing sector. Draw diagrams to shov the transition from a short run to a long run in a perfectly competitive market.

Managerial economic is the integration of economic theory with business practice for purposes of facilitating decision-making and forward planning by management. Along this line, outline the nature of managerial economics.  Business cycle or trade cycle refers to the fluctuations in economic activity and understanding of this is very important for managers to make the right decision for his organization. Discuss the random and cyclical fluctuations as well as the sequence of changes in business cycle. The demand and supply of a commodity are always affected by the change in price of the commodity. Related to this, what are the factors that affect price decisions of management in an organization. Discuss in these factors that influence managerial decision in pricing of their products.

A recession caused by a decrease in aggregate demand has caused a decrease in the demand for labor as shown in the graph below. If wages and prices are sticky, then how many units of output are left unsold? Price $30 $18 100 350 1200 Output S D1 Do

For Questions 13 and 14, Consider that Kim is a Nurse at a hospital in Atlanta and in 2010 she made an annual salary of $30,000. She has gotten several performance raises and one promotion over the years and in 2019 she earned $46,000 for the year. The Price Index representing her buying power in 2010 was 100 and in 2019 it is 164.   It is now 2020 and Kim decided to keep working at that hospital and has worked another year and gotten a raise and another promotion and now her salary is $54,000 per year and the 2020 price index is now 171. NOW, what is the approximate value of her buying power now expressed in 2010 dollars?   Question 14 options:   $32,927   $26,900   $29,466   $31,579

Consider the market for workers in a cafe. Labor demand equation: Ld=40-2*w Labor supply equation: Ls=4*w-32 w=hourly wage; Ls and Ld are in numbers of workers 1) Suppose that the workers in Café Alice think that their wages are too low and go on a strike. As a result, Cafe Alice agrees to increase the hourly wage to $14.     How many workers will remain unemployed after the increase?