A small business consists of an owner and a seamstress. The seamstress can sew 20 dresses per month. The owner can hire only two more seamstresses. (Other things being equal, each of them has the same labor productivity as the one already hired.) However, there is only one sewing machine available in the short run, resulting in a total product of 31 dresses if one additional seamstress is hired. Hiring the third seamstress increases the total product by an additional 7 dresses. If the owner hires all three seamstresses, what is the difference in the total product if the owner purchases one additional sewing machine as compared to a situation with only one sewing machine? Write the exact answer. Do not round. Keyрad Answer Keyboard Shortcu dresses

A small business consists of an owner and a seamstress. The seamstress can sew 20 dresses per month. The owner can hire only two more seamstresses. (Other things being equal, each of them has the same labor productivity as the one already hired.) However, there is only one sewing machine available in the short run, resulting in a total product of 31 dresses if one additional seamstress is hired. Hiring the third seamstress increases the total product by an additional 7 dresses. If the owner hires all three seamstresses, what is the difference in the total product if the owner purchases one additional sewing machine as compared to a situation with only one sewing machine? Write the exact answer. Do not round. Keyрad Answer Keyboard Shortcu dresses

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

11
Typed plz and asap thanks please provide me a quality solution thanks
Plsss answer a and b
Pls help with below homewrok, answer in 5-6 sentence only Bert contributes $3,000 to his son’s RESP during 2013. What impact does this have on Bert’s taxable income? Format: positive numbers as 100,000.00, negative numbers as (100,000.00)
1% MCIT is not applicable to a. Domestic Corporation b. Resident foreign corporation c. Non resident foreign corporation
What Seclor D.
2b
Learning 9g.cengage.com/static/nb/ui/evo/index.html?deploymentld%35982812479578414089770649020&elSBN=978035; A Tax Document E ECSI - TaxSelect Do. SeAccount Quick Car. B Calendar | Navigate Main Street Comm. CENGAGE MINDTAP Homework (Ch 10) Back to Assignment Attempts Keep the Highest/1 4. Understanding different policy options to correct for negativeexternalities Carbon dioxide emissions have been linked to increased air pollution. The following table lists some possible public policies aimed at reducing the amount of carbon dioxide in the air. For each policy isted, identify whether it is a command-and-control policy (regulation), tradable permit system, corrective subsidy, or corrective tax Tradable Permit System Corrective Subsidy Command-and- Corrective Public Policy Control Policy Tax The government orders every factory to adopt a new technology, which reduces carbon-dioxide emissions into the atmosphere. Trees take cartbon dioxide out of the air and convert it to okygen, so the…
5.
Difference Between Sales Tax and Income Tax?Note: Answer should be made in points
1. Excise duty is imposed on * Special goods Goods and services Special goods and services Special services
7 Evaluate the different ways in which a government might be able to improve access to the housing market. Use relevant graphical analysis.