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- Suppose that the equilibrium wage for teachers in Iowa is $15/hour. Also suppose that Iowa raises its minimum wage to $14/hour. Because the equilibrium wage for teachers is (a) the new minimum wage, we would expect the number of teachers employed to (b) at the new minimum wage. (c) There will be of teachers.At most airports, the potential for increased revenues is marginal. True False. Pls no plagiarismSystems applicationSolve and analyze the following problems. Make sure all the steps are properly justified. Correctly use mathematical notation or terminology. Interpret the solution in the context of the problem.Suppose the supply and demand equations for printed shirts for a graduating class are given byp = 0.7q + 3p = -1.7q +15where p is the price in dollars and q is the quantity in hundreds.Determine supply and demand if the shirts cost $ 9.00. Analyze and discuss the stability of the shirt market at this price level. Prepare the graph of the two equations in the same coordinate system and identify the equilibrium point, the supply curve, and the demand curve.
- Please answer fast without plagiarism...Imagine you are the managing director of a full service restaurant. One day you receive a complaint letter from a guest reporting s/he was not satisfied with the follow up regarding their criticism of being overcharged in one of your restaurants. 1. Is there a training need? Discuss.O would like please if the answer is free plagiarism? Can I send it as my assignment?
- Explain Workman compensation injuries, illnesses, and benefits in ARIZONA1. A machine manufacturer sells high precision milling equipments. It sells the machine as well as the maintenance services. Users of milling machines from competitors were also potential sources of maintenance business. Based on a survey, customers were clustered into four segments of different size as shown below. Their willingness to pay for the machine and the maintenance service is also given in the table. The marginal cost to the firm for the machine and the maintenance services is respectively, $550 and $470, and there is no cost saving from bundling. segment Segment Size WTP for Machine WTP for maintenance 1 12 $1,250 $990 2 23 $1,450 $480 3 22 $1,180 $1,040 4 43 $1,390 $870 a. If the company uses component pricing, what are the optimal prices and the resulting profits for each item? b. If the company uses pure bundling, what are the optimal price and the resulting profit for the bundle? Between pure bundling and component pricing, which one is better for the company? Why? c.…Panther Acre Cattle Company - Chapter 7 Lab A typical farm or ranch problem is determining the optimum or profit-maximizing weight to sell fed cattle. Assume the feeder cattle are purchased at 600 pounds. The feed required and the weight gain is shown in the table below. Feed costs 7¢ per pound and feeder cattle prices are as follows: Weight Price per Pound 600-899 lbs 72¢ go to 3rd 900-1099 lbs decimal 1100 lbs or more 70¢ Point 67¢ Pay attention to the price changes when computing MVP. Input Output Feed Weight Selling Required Gain Weight Total Average Marginal Marginal Marginal Revenue Physical Physical Value Input (lbs) (lbs) (lbs) Product Product Product Cost 600 0 0 600 432 XXX XXX XXX XXX 500 50 So 650 468 0.10 0.083 1,100 145 as 745 536.40 0.132 6.158 1,700 235 aol 835 601.20 0.138 0.15 2,300 320 85 920 644 0.139 2,900 400 80 1,000 700 0.138 3,500 465 65 1,065 745, 50 0.133 4,100 525 60 1,125 753.75 0.128 4,700 575 SO 1,175 787.25 0.122 5,300 615 40 1,215 814.05 0.116 5,900 645…