An uber driver faces costs for driving that include sunk costs like insurance that contribute to the average cost per mile of $.50. yet when a rider offers to pay less than that for a ride, the driver agrees because 1) the driver is irrational; this decision will cause a loss. 2) the driver needs to cover all sunk costs to be better off by accepting the offer. 3) sunk costs like auto insurance (in this case) do not increase as driving increases
Answers: 3
Business, 22.06.2019 01:40
Suppose general motors demands labor according to the labor demand function ν€ν€= 40β0. 5νΈνΈ, where ν€ν€ is the hourly wage and νΈνΈ is the number of employees. the united auto workers union has a utility function given by νν=ννβνΈνΈ. 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.
Answers: 1
Business, 22.06.2019 05:30
The hartman family is saving $400 monthly for ronald's college education. the family anticipates they will need to contribute $20,000 towards his first year of college, which is in 4 years .which best explain s whether the family will have enough money in 4 years ?
Answers: 1
Business, 22.06.2019 10:30
The card shoppe needs to maintain 21 percent of its sales in net working capital. currently, the store is considering a four-year project that will increase sales from its current level of $349,000 to $408,000 the first year and to $414,000 a year for the following three years of the project. what amount should be included in the project analysis for net working capital in year 4 of the project?
Answers: 3
Business, 22.06.2019 13:50
Which one of the following statements is true? ddt does not prevent disease from passing from agricultural animals to humans. cost was a major factor in the united states government's decision to ban ddt. many african governments concluded that the potential long-term health effects of ddt were not as serious as the immediate problem of insect control. ddt cannot accumulate in the fat of animals. the ddt ban in the united states has made it very difficult to control agricultural insect pests.
Answers: 3
An uber driver faces costs for driving that include sunk costs like insurance that contribute to the...
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