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11 Feb 2019

each monday becky let them know how many workers she needs for each week. in the short run these workers are

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Related questions

Ann owns a lawn mowing company. She has 240 lawns she needs to cut each week. Her weekly revenue from these 240 lawns is $8,400. If given an 18-inch deck push mower, a laborer can cut each lawn in two hours. If given a 60-inch deck riding mower, a laborer can cut each lawn in 30 minutes. Labor is supplied inelastically at $10 per hour. Each laborer works 8 hours a day and 5 days each week.

a) If Ann decides to have her workers use push mowers, how many push mowers will Ann rent and how many workers will she hire?

b) If she decides to have her workers use riding mowers, how many riding mowers will Ann rent and how many workers will she hire?

c) Suppose the weekly rental cost (including gas and maintenance) for each push mower is $200 and for each riding mower is $2,100. What equipment will Ann rent? How many workers will she employ? How much profit will she earn?

d) Suppose the government imposes a 10 percent payroll tax (paid by employers) on all labor and offers a 5 percent subsidy on the rental cost of capital. What equipment will Ann rent? How many workers will she employ? How much profit will she earn?

Ann owns a lawn mowing company. She has 240 lawns she needs to cut each week. Her weekly revenue from these 240 lawns is $8,400. If given an 18-inch deck push mower, a laborer can cut each lawn in two hours. If given a 60-inch deck riding mower, a laborer can cut each lawn in 30 minutes. Labor is supplied inelastically at $10 per hour. Each laborer works 8 hours a day and 5 days each week.

a) If Ann decides to have her workers use push mowers, how many push mowers will Ann rent and how many workers will she hire?

b) If she decides to have her workers use riding mowers, how many riding mowers will Ann rent and how many workers will she hire?

c) Suppose the weekly rental cost (including gas and maintenance) for each push mower is $200 and for each riding mower is $2,100. What equipment will Ann rent? How many workers will she employ? How much profit will she earn?

d) Suppose the government imposes a 10 percent payroll tax (paid by employers) on all labor and offers a 5 percent subsidy on the rental cost of capital. What equipment will Ann rent? How many workers will she employ? How much profit will she earn?

Greta starts an internet-based grocery delivery service. His employees must perform one of three activities:

- Administrative work: Exactly 2 workers are necessary to perform the administrative work for the business to operate. The administrative workers do not generate revenue.
- Delivery: Each employee working as a driver can deliver up to 20 orders daily.
- Assembling orders: Each employee can prepare and pack up to 100 orders daily.

Suppose that each worker can work in exactly one capacity (so she can not split her time between delivery or packing).

Greta's short-run production function says how many orders can be completed by L employees. Describe Greta's short-run production function. (Hint: how many orders can she complete when she has 3 employees? How many orders can she complete when she has 10 employees?) What are her returns to scale when she changes employment from 5 to 10 workers?

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