Martinez Repair Shop had the following transactions during the first month of business as a proprietorship. Journalize the transactions. Aug. 2 Invested $11,440 cash and $2,350 of equipment in the business.
7 Purchased supplies on account for $490. (Debit asset account.)
12 Performed services for clients, for which $1,380 was collected in cash and $640 was billed to the clients.
15 Paid August rent $555.
19 Counted supplies and determined that only $245 of the supplies purchased on August 7 are still on hand.

Suppose general motors demands labor according to the labor demand function 푤푤= 40−0. 5퐸퐸, where 푤푤 is the hourly wage and 퐸퐸 is the number of employees. the united auto workers union has a utility function given by 푈푈=푊푊∗퐸퐸. a.in 1984, the united auto workers union started negotiations with general motors by assuming that they were a monopoly union. find the wage and employment demands that the united auto workers union would have demanded before any bargaining began. b.if general motors and the united auto workers union both had excellent bargaining representatives, would this be the final labor contract? if not, then explain in words and graphically where they would end up after the bargaining process.