Suppose that John could work 365 days per year and could earn $200 per day for each day he worked. Draw his budget lines with respect to his labor-leisure choice.

What problems are associated with contingent work and the underground (informal) economy?

We are in a short period, work is therefore the only variable production factor. The production function is therefore only a function of work Q = f(L) The following table gives us the level of production achieved according to the number of work units used. 110 Unités de travail 0 1 2 3 4 5 6 7 8 9 10 Unités de production 0 20 40 65 79 90 98 103 103 102 97 1. Calculate total, average and marginal productivities. Do a painting. 2. Plot, on the same graph, the total productivity curves, average and marginal. Comment.

Barney decides to quit his job as a corporate accountant, which pays $14,000 a month, and goes into business for himself as a certified public accountant. He runs his business from his converted garage apartment, which he could rent out for $320 a month if he wasn’t using it as a home office. He must purchase office supplies worth $70 a month, and his monthly electricity bill has increased by $50 now that he is working out of his home office. After six months of working from home, Barney has earned an average of $16,000 per month.   Instructions: Enter your answers as a whole number.   a. What are Barney’s monthly explicit costs?        $      b. What are Barney’s monthly implicit costs?        $      c. What are Barney’s monthly economic costs?   [i need a,b,c answer i will 5 upvotes]