Boston railroad decided to use the high-low method and operating data from the past six months to estimate the fixed and variable components of transportation costs. the activity base used by boston railroad is a measure of railroad operating activity, termed “gross-ton miles,” which is the total number of tons multiplied by the miles moved. transportation costs gross-ton miles january $1,776,000 560,000 february 2,700,000 1,000,000 march 1,650,000 500,000 april 1,860,000 600,000 may 1,440,000 400,000 june 1,566,000 460,000 determine the variable cost per gross-ton mile and the total fixed cost. variable cost (if required, round to two decimal places.) $ per gross-ton mile total fixed cost

Which of the following is generally true about high-context cultures? a. employees work shorter hours in such cultures because context allows them to communicate less often b. people rely less on verbal communication and more on the context of nonverbal actions and environmental setting to convey meaning c. people rely more on verbal communication and less on the context of nonverbal actions and environmental setting to convey meaning d. the rules of everyday life are explicitly taught to all people within the culture

Select all that apply. what do opponents of minimum wage believe are the results of minimum wage? increases personal income results in job shortages causes unemployment raises prices of goods

Suppose a firm faces a fixed price of output, 푝푝= 1200. the firm hires workers from a union at a daily wage, 푤푤, to produce output according to the production function 푞푞= 2퐸퐸12. there are 225 workers in the union. any union worker who does not work for this firm is guaranteed to find nonunion employment at a wage of $96 per day. a.what is the firm’s labor demand function? b.if the firm is allowed to choose 푤푤, but then the union decides how many workers to provide (up to 225) at that wage, what wage will the firm set? how many workers will the union provide? what is the firm’s output and profit? what is the total income of the 225 union workers? c.now suppose that the union sets the wage, but the firm decides how many workers to hire at that wage (up to 225). what wage will the union set to maximize the total income of all 225 workers? how many workers will the firm hire? what is the firm’s output and profit? what is the total income of the 225 union workers? [hint: to maximize total income of union, take the first order condition with respect to w and set equal to 0.]