Business, 05.10.2019 00:10 danidavis2002

Consider the advertisement industry, where firms hire models (workers) to shoot advertisements. each model works for only one firm. each worker (model) comes in with a differenthair style, which can be divided into 24 types. in other words, the hair style wheel is like a 24-hour clock. each firm enters the market and makes one advertisement. each advertisement hasa specific requirement for hair style. if a model’s hair style does not match the advertisement’srequirement, the model must spend money redoing the model’s hair in order to close the gap. thecost of re-styling is $2 for each unit of hair style shift. for example, to go from style #3 to style#2, the cost is $2; to go from style #5 to style #2, the cost is $6. each advertisement requires twomodels. there are two cities in the region: smallville has 4 models and bigburg has 12. the grosswage for each model is $50.assume that models are evenly distributed around the hair style wheel. compute the net wagefor models in each of the two cities. also provide me graph so i can understand

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Consider the advertisement industry, where firms hire models (workers) to shoot advertisements. each...

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