Question

In: Economics

Provide answers to each of the following based on LD = 500 – 20W 1 -...

Provide answers to each of the following based on LD = 500 – 20W

1 - What is the wage when labor demanded is equal to 220?

2 - What is the labor demanded when the wage is equal to $17?

3 - At what wage will this firm demand 0 workers?

4 - How many workers might his firm demand when the wage is equal to 0?

Solutions

Expert Solution

1)

LD=500-20W

LD=220

220=500-20W

20W=280

W=14

the wage is $14

=======

2)

W=17

LD=500-20*17

LD=160

the labor demanded is 160

=========

3)

LD=0

0=500-20W

20W=500

W=25

At wage of $25 there will be zero demand for labor

=======

4)

W=0

LD=500-20*0=500

The firm demand for labor is 500 if the wage is zero.

Rahul Sunny answered 2 years ago
Next > < Previous

Related Solutions

Provide answers for the following: Compare condition based maintenance with planned preventive maintenance. (4 marks) In...
Provide answers for the following: Compare condition based maintenance with planned preventive maintenance. In your own words explain which one you think is a better option and why.
provide an example of discrimination based on each of the following characteristics and a potential way...
provide an example of discrimination based on each of the following characteristics and a potential way to address and / or avoid discriminatory action. Gender Age Disability
Provide an example for each industry classification group based on 1) where they are in their...
Provide an example for each industry classification group based on 1) where they are in their life cycle, and 2) how the react to the economy's business cycle
Please provide detailed answers to the following 1. Think of an example of an exculpatory clause...
Please provide detailed answers to the following 1. Think of an example of an exculpatory clause that you have signed. For what type of activity would you be unwilling to sign an exculpatory clause? If your refusal to sign the exculpatory clause or agreement prevented you from participating in that activity, would you still refuse to sign it? 2. Do you think that too many limitations and restrictions can be placed on parties in a contract? Should there be more...
Subject : Corporate Finance Theory Please provide me answers with details that is based on the...
Subject : Corporate Finance Theory Please provide me answers with details that is based on the corporate finance theories Answer the following two questions: With debtor in possession (DIP) financing, the bankrupt firm can obtain additional amounts of debt senior to the firm’s existing debt. Explain how the firm’s existing debtholders can benefit from this. Would debtholder-equityholder conflicts be more severe for firms that borrow short term than long term? Explain why.
Subject : Corporate Finance Theory Please provide me answers with details that is based on the...
Subject : Corporate Finance Theory Please provide me answers with details that is based on the corporate finance theories Question do not require a quantitative analysis or a numerical example Answer the following two questions: With debtor in possession (DIP) financing, the bankrupt firm can obtain additional amounts of debt senior to the firm’s existing debt. Explain how the firm’s existing debtholders can benefit from this. Would debtholder-equityholder conflicts be more severe for firms that borrow short term than long...
Subject : Corporate Finance Theory Please provide me answers with details that is based on the...
Subject : Corporate Finance Theory Please provide me answers with details that is based on the corporate finance theories Suppose that a firm increases its leverage ratio in a frictionless and complete financial market. Discuss whether and how its cost of equity would change. You must provide the reason.
Short Answers  Answer in your own words 1. State the accounting equation. Provide an example for each...
Short Answers  Answer in your own words 1. State the accounting equation. Provide an example for each piece of the equation. 2. What are the three TYPES of businesses? Provide an example of each. Please be original and do NOT use companies listed in our textbook. 3. The three types of businesses may be organized into one of the four business entities. What are the four business entities? 4. Of the four business entities, which is most likely to carry the...
provide and explain in 1 to 2 sentences each an example of each of the following:...
provide and explain in 1 to 2 sentences each an example of each of the following: For Organizational Culture - 1) Artifact, 2) Value/Belief, & 3) Assumption For Organizational Environment - 1) Political/Legal, 2) Sociodemographic, 3) Technology, 4) Economic, & 5 Natural Environment (e.g., the globe and nature). Remember - culture is internal to the organization, shaped by shared experience. And, the environment is external, providing opportunities and threats.
6. Answer the following questions based on the following quotation. On October 1, 2007, S&P 500...
6. Answer the following questions based on the following quotation. On October 1, 2007, S&P 500 closed at 1547 where the quotation of CALL options on S&P 500 was as follows. Those contracts expire in October 2007. Strike Price Open High Low Last Sett 1540 -- -- -- -- 31.70 1600 1.70 3.60 1.70 3.00 3.35 (a) Which option is in the money? (b) Decompose the value of 1540 call, $31.7, into intrinsic value and time value. (c) Again using...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT