D. suppose that international trade causes the price of cloth to rise 50% (to 1.5), while the price of food remains constant. what is the new equilibrium wage rate in dollar terms (w)? how much labor is hired by the food industry and how much by the cloth industry? e. what has happened to the purchasing power of the wage in terms of cloth (i. e what has happened to w/pc)? what has happened to the purchasing power of the wage in terms of food (i. e what has happened to w/pf)? f. what is the amount of income to landowners now, both in dollar terms, and in the amount of cloth and food it can buy (income/pc and income/pf)? g. what has happened to the income to capital owners, both in dollar terms, and in the amount of cloth and food it can buy?

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.]

Alocal barnes and noble bookstore ordered 80 marketing books but received 60 books. what percent of the order was missing?

Your subscription to investing wisely weekly is about to expire. you plan to subscribe to the magazine for the rest of your life, and you can renew it by paying $85 annually, beginning immediately, or you can get a lifetime subscription for $620, also payable immediately. assuming that you can earn 6.0% on your funds and that the annual renewal rate will remain constant, how many years must you live to make the lifetime subscription the better buy?