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- The Law Firm of Smith and Jones of Barrie, Ontario has 3 new civil cases and 5 lawyers available for assignments. Based upon the type of case and the qualifications of each lawyer, the managing partners have determined the profits (in $1000’s) that the law firm would make if each particular lawyer was assigned to each particular case. Their analysis produced the following profits: Profits (1000’s) Case Lawyer A B C Lui 36 53 101 Pathak 39 54 105 Owens 43 50 103 Rosen 42 54 104 Millier 45 57 101 To keep lawyers available for future cases, Smith and Jones’ policy is to assign at most 1 lawyer to each specific case. To better serve its clients, Smith and Jones’ policy is to assign each specific lawyer to at most one case at a time. Using xij’s as your decision variables, formulate a linear programming model so that Smith and Jones’s can determine which…K04PLS HELP ASAP ON BOTH
- The following graph gives the labor market for laboratory aides in the imaginary country of Episteme. The equilibrium hourly wage is $10, and the equilibrium number of laboratory aides is 150. Suppose the federal government of Episteme has decided to institute an hourly payroll tax of $4 on laboratory aides and wants to determine whether the tax should be levied on the workers, the employers, or both (in such a way that half the tax is collected from each party). Use the graph input tool to evaluate these three proposals. Entering a number into the Tax Levied on Employers field (initially set at zero dollars per hour) shifts the demand curve down by the amount you enter, and entering a number into the Tax Levied on Workers field (initially set at zero dollars per hour) shifts the supply curve up by the amount you enter. To determine the before-tax wage for each tax proposal, adjust the amount in the Wage field until the quantity of labor supplied equals the quantity of labor demanded.…7. There are three (3) types of resumes: chronological resume combination resume functional resume Please to create an introduction and conclusion for these three types of resumes. thankyou. (business communication question)Subject: ( Enterprenurship ) Define SMEs. Also write down Financial and marketing problems of SMEs.
- 40.) What was one negative consequence of the development of factories? a. People migrated to cities for factory jobs b. the first textile factory was built in England c. Diseases spread quickly through cramped factory neighborhoodsM72. (a) Derive and carefully explain the wage- and price-setting model.
- 3. Mercantilism Mercantilism is an economic system which developed after manorialism (from the 15th to the 18th centuries – time period) and is associated with colonial types of government. Some countries that practiced mercantilism included Great Britain, Portugal and Spain (society). Mercantilism is when a country believes that the more wealth it stores up, the greater their government should be. So, mercantilist countries build up their nation's wealth by exporting (selling) more goods than they import (buy from other countries). Countries needed to find places to sell their goods as well as to find places where to get natural resources. For this reason, they found and conquered colonies. Colonies supplied their Mother countries with the raw materials that were used to produce finished goods and then send those goods back to their colonies. Generally, merchants controlled what resources were to be produced and how they were to be used, sold or traded. However, monarchs (kings or…5. (12 pts-2 points for each subpart) Spring break travel prices are estimated to be 8-10% higher this year. A resort in South Padre decided to run a price promotion for room rentals. They know the elasticity of demand for resort rooms is -2.50. During the price promotion, they expect to be at full capacity with 500 rooms sold per night. Before the price drop, they sold an average of 375 rooms a night. Round to the nearest two decimal places for calculations. a. Does this resort have an inelastic or elastic own-price elasticity of demand? Interpret the OPE given above. b. For them to be able to achieve this increased sale, what would the percentage change in price need to be? c. If the price before the promotion was $250 per night, what is the new price? d. Calculate the revenue before the price drop. e. Calculate the revenue after the price drop. f. Is the price drop a good marketing strategy, given all else is same?
