You are given the following different technologies for producing 100 metres of cloth. 10 9. 8. 7. 1 1 2 3 4 56 7 89 10 Number of workers Select one or more: O a. Technology C dominates technology A. O b. Technology D is more labour-intensive than technology C. O c. Technology A is the cost-minimising technology at all prices of coal and wages. O d. Technology C can sometimes be a cheaper technology than A. Tonnes of coal

Suppose that a car dealership wishes to see if efficiency wages will help improve its salespeople’s productivity. Currently, each salesperson sells an average of one car per day while being paid $20 per hour for an eight-hour day.a. Suppose that if the wage is raised a second time to $40 per hour, the number of cars sold rises to an average of 2.5 per day. What is now the labor cost per car sold? $______ per vehicleb. If the firm’s goal is to maximize the efficiency of its labor expenditures, which of the three hourly salary rates should it use: $20 per hour, $30 per hour, or $40 per hour? $______ per hourc. By contrast, which salary maximizes the productivity of the car dealer’s workers (cars sold per worker per day)? $_______ per hour

Consider a factory that produces iPhones. This factory relies on both employees (labor) and machines (capital). Which of the following would decrease the demand forlabor?O a. Public taste shifts away from iPhones towards AndroidsO b. The price of capital falls and labor is easily substituted for capital.O c. The factory has trouble hiring competent workers (workers become less productive).O d. (b) and (a)O e. all of the above

Approximately how many manufacturing jobs are expected to be created in the USA in 2023 Oa Under 100,000 Ob. Over 400,000 c.Linder 250,000 O d. Over 750.000

If the wage rate is above the equilibrium wage rate, the quantity of labor demanded is the quantity of labor supplied. O A. less than O B. equal to OC. greater than O D. the negative of O E. not comparable to

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Question 42 solve

Total Output Per Day Price of Good 10 $ 15 14 14 19 13 23 12 6 27 11 7 31 10 A firm's labor input, total output of labor, and product price schedules are given in the table. Labor is the only variable input. How many workers will the profit-maximizing firm hire if the wage rate is $15 per day? Multiple Choice O 6 O Units of Labor. 2 3 4 5 F

Labor Output 1 10 18 3 25 4 30 33 6. 34 7 35 If the workers are paid $18 per hour, the price of the product is $20, and the fixed cost of the business is $100 per hour, how many workers should the business employ? Group of answer choices three six four seven five LO

210 " 40 " What kind of externality is present in this market? O a. A negative consumption externality of x-10. Ob. A positive consumption externality of x = 20. Oc. A positive consumption externality of x = 10. Od. A negative consumption externality of x-20. #1 • Supply(P-40+Q₂) 10 " Demand (P-200-Q Social Marginal Benefit P-20-9. 200 9 210 Q Suppose the government imposas a policy (tax or subsidy) such that the new Supply curve lies on the Social Marginal Cost curve. What area represents the government revenue or expenditure from this policy? Ⓒa.DIGH Ob. E-H ⒸH+G+D+E+H+K Ⓒd.E+HIK