Balcom enterprises is planning to introduce a new product that will sell for $100 a unit. manufacturing cost estimates for 20,500 units for the first year of production are: direct materials $1,045,500 direct labor $615,000 (based on $15 per hour × 41,000 hours) although overhead has not been estimated for the new product, monthly data for balcom's total production for the last two years has been analyzed using simple linear regression. the analysis results are as follows: dependent variable factory overhead costs independent variable direct labor hours intercept $ 121,000 coefficient on independent variable $ 4.00 coefficient of correlation 0.914 r2 0.816 based on this information, what is the total overhead cost for an estimated activity level of 46,000 direct labor-hours?

If a team of three workers, each making the u.s. federal minimum wage, produced these 12 rugs, what would the total labor cost be? don't forget that these workers would be working overtime.

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.]

Factors like the unemployment rate, the stock market, global trade, economic policy, and the economic situation of other countries have no influence on the financial status of individuals. ( t or f)