Demand and supply curves can be represented with equations. Suppose that the demand for low-skilled labor, QD, is represented by the following equation, where W is the wage rate: QD, = 53,000,000 - 3,000,000W The supply of the low-skilled labor, Qs, is represented by the equation Qs = 10,000,000 + 6,000,000W. A) Find the equilibrium wage.
B) Find the equlilibrium quantity of labor.
C) what happen if the minimum wage is $8?
D) What happens if the minimum wage is $6?

Excellent inc. had a per-unit conversion cost of $3.00 during april and incurred direct materials cost of $112,000, direct labor costs of $84,000, and manufacturing overhead costs of $50,400 during the month. how many units did it manufacture during the month? a. 18,000 b. 44,800 c. 70,000 d. 30,000

Which of the following correctly describes the accounting for indirect labor costs? indirect labor costs are product costs and are expensed as incurred. indirect labor costs are period costs and are expensed when the manufactured product is sold. indirect labor costs are period costs and are expensed as incurred. indirect labor costs are product costs and are expensed when the manufactured product is sold.

Bond x is noncallable and has 20 years to maturity, a 7% annual coupon, and a $1,000 par value. your required return on bond x is 10%; if you buy it, you plan to hold it for 5 years. you (and the market) have expectations that in 5 years, the yield to maturity on a 15-year bond with similar risk will be 9.5%. how much should you be willing to pay for bond x today? (hint: you will need to know how much the bond will be worth at the end of 5 years.) do not round intermediate calculations. round your answer to the nearest cent.