Crossroads Mall had 100,000 outstanding shares of common stock. On June 16, 2021, Crossroads bought back 20,000 shares of its own stock at $30 per share. On July 23, 2021, Crossroads resold 10,000 shares at $28 per share. What was the net effect on the accounting equation as a result of the two treasury stock transactions? 0 A) Decrease in assets and decrease in stockholders' equity. 0 B) Increase in assets and increase in stockholders' equity. 0 C) Decrease in assets and increase in stockholders' equity. 0 D) Increase in assets and decrease in stockholders' equity.

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.]