Coal mining is a very dangerous occupation. Suppose that the government requires coal mining companies to implement additional safety features to make coal mining safer. Explain whether or not these additional safety features will make coal miners better off. (Note that this question asks about the coal miners – the workers – not about the coal mining companies – the employers.)

Suppose that Zamboni Enterprises is the only company that sells zambonis (ice resurfacing machines). To produce the machines, the company hires assembly workers. Since these workers can work in many different companies, Zamboni Enterprises must pay them the market wage, which is equal to $6. The number of zambonis that the company produces, which is denoted by y, is proportional to the number of assembly workers that it hires, which are denoted by N; in particular, the production function is given by y=0.76N. The economywide demand for zambonis is given by the following demand function: y=2191-219p, where y is the number of zambonis that consumers are willing to purchase at price p.  If the market for zambonis were competitive, how many zambonis would be produced? If the market for zambonis were competitive, how many assembly workers would be hired? If the market for zambonis were competitive, at what price would zambonis be sold?

Suppose that Zamboni Enterprises is the only company that sells zambonis (ice resurfacing machines). To produce the machines, the company hires assembly workers. Since these workers can work in many different companies, Zamboni Enterprises must pay them the market wage, which is equal to $6. The number of zambonis that the company produces, which is denoted by y, is proportional to the number of assembly workers that it hires, which are denoted by N; in particular, the production function is given by y=0.76N. The economywide demand for zambonis is given by the following demand function: y=2191-219p, where y is the number of zambonis that consumers are willing to purchase at price p.  Given this market structure, how many assembly workers will Zamboni Enterprises choose to hire? How many zambonis will Zamboni Enterprises produce and sell?

The relationship between a worker’s daily wage, w, and her daily output, q, is q = 0.1 w2 - 0.0005 w3 so that the worker’s marginal product with respect to her wage is MPw = 0.2 w - 0.0015 w2. What is the optimal efficiency daily wage for the firm to pay? How much output will the worker produce each day? How much profit does the firm earn on the worker’s output each day if the price of output is fixed at $0.80 per unit?

Marie is a manager at an electronics store, and she has to decide how many workers to hire. If she hires one worker, her revenue is $400 per day. If she hires another worker, she can make another $350 per day. The marginal benefit of hiring another worker decreases by $50 with each additional hire. Assuming that workers are paid $20 per hour and work eight hours, how many employees should Marie hire, and what will be the total revenue of her store? She will hire four workers and the revenue of the store will be $1,300. She will hire five workers and the revenue of the store will be $1,500. She will hire six workers and the revenue of the store will be $1,650. O She will hire seven workers and the revenue of the store will be $1,750.

By bargaining for higher wages, unions will likely reduce the quantity of labor demanded by employers unless.

Use the table below to answer the following questions:QuantityDemand (Price)Marginal RevenueMarginal CostAverage Cost1$120012005005002110010002753883100080022533349006002503135800400400330670020050035876000700407 Are there consumers who want the product but are not willing to pay the profit-maximizing price the firm will charge? How can you tell?If the firm could charge every consumer exactly what that consumer was willing to pay (called perfect price discrimination), would the quantity the firm produced increase, decrease, or remain the same? Would the firm’s profits increase, decrease, or remain the same? Explain your answers.

Greg is running an economic consulting company with three employees. He is considering hiring more employees. The going salary for economic consultants with the skills the company needs is $118,000 per year. Each new employee will need a computer and other equipment that cost $3,000 per year. Each client pays the company $30,000 per year. The table shows how the number of clients depends on the number of employees. What is the company's marginal revenue from the first additional employee? ($)   Numer of employees  3- 10 4- 15 5- 19 6- 22 7- 24

How can stages of production be used to determine the most profitable number of workers to hire

Was it ethically acceptable for president regan to fire the striking air traffic controller?