Along with three other workers, Helena works in a factory that makes plastic phone cases. The four main tasks are mixing, molding, curing, and polishing. Out of all the workers, she is the slowest mixer, has the highest opportunity cost for molding, has the lowest opportunity cost in curing, and hates polishing the most. If her manager makes assignments in a way that maximizes factory output, then she will be assigned to Select one: a. molding. b. mixing. c. polishing. d. curing.

For the annual school bazaar, Emmy can produce and sell either origami frogs (F) or birds (B). For his origami he needs to work with sheets of paper, glue, and paper clips. Below table shows how many units of each input factor is needed to produce one origami. It also shows the total amount of input units available. Emmy’s profits per origami bird and frog are =1 and =2, respectively. 1:Which formula describes the sheets of paper constraint? a F <= 5 b F <= 6-2/3B c B <= 5 d F <=7-1B 2: Which formula describes the glue constraint? a F <=7-1B b F <= 5 c B <= 5 d F <= 6-2/3B 3: Which formula describes the paper clips constraint? a B <= 5 b F <=7-1B c F <= 6-2/3B d F <= 5 4: The iso-profit line has a slope of negative a…

Consider a self-employed worker. The worker produces output, q, according to the production function q(h)=h, where h is the number of hours worked. The worker can sell each unit of output for $10 and has a cost of effort given by c(h)=h². This worker should optimally work for ✓hours and will earn a profit of $ Suppose now that the self-employed worker decides to incorporate. She becomes the manager of a firm with one employee who does the actual work. The manager pays a wage of w to the employee. The employee's production function and cost of effort are as before. Now the employee will optimally work for ✓ and the total surplus is $ ✓hours, earning $ ✓ (after subtracting the cost of effort). The profit of the firm will be $ If the manager instead pays w=10, the total surplus is $ ✓ and the firm's profit is $

Jacques lives in Detroit and operates a small company selling bikes. On average, he receives $773,000 per year from selling bikes. Out of this revenue from sales, he must pay the manufacturer a wholesale cost of $452,000. He also pays several utility companies, as well as his employees wages totaling $277,000. He owns the building that houses his storefront; if he choose to rent it out, he would receive a yearly amount of $3,000 in rent. Assume there is no depreciation in the value of his property over the year. Further, if Jacques does not operate the bike business, he can work as a nurse and earn a yearly salary of $32,000 with no additional monetary costs, and rent out his storefront at the $3,000 per year rate. There are no other costs faced by Jacques in running this bike company. Identify each of Jacques's costs in the following table as either an implicit cost or an explicit cost of selling bikes. Implicit Cost Explicit Cost The wages that Jacques pays The wholesale cost for the…