Business, 29.10.2021 15:10 supersiblings03
A company's beginning work in process inventory consisted of 29,000 units that were 15% complete with respect to direct labor. These beginning units were completed and another 144,000 units were started during the current period.
Of those started, 87,000 were finished and the remaining 57,000 were one-third complete at the end of the period.
Using the weighted-average method, the equivalent units of production were:.
a. 87,000
b. 120,800
c. 110,200
d. 135,000
e. 129,200
Answers: 2
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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.]
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Business, 22.06.2019 18:00
On september 1, 2016, steve loaned brett $2,000 at 12% interest compounded annually. steve is not in the business of lending money. the note stated that principal and interest would be due on august 31, 2018. in 2018, steve received $2,508.80 ($2,000 principal and $508.80 interest). steve uses the cash method of accounting. what amount must steve include in income on his income tax return?
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A company's beginning work in process inventory consisted of 29,000 units that were 15% complete wit...
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