Darcy roofing is faced with a decision. the company relies very heavily on the use of its 60-foot extension lift for work on large homes and commercial properties. last year, darcy roofing spent $60,000 refurbishing the lift. it has just determined that another $40,000 of repair work is required. alternatively, it has found a newer used lift that is for sale for $170,000. the company estimates that both lifts would have useful lives of 6 years. the new lift is more efficient and thus would reduce operating expenses by about $20,000 per year. darcy roofing could also rent out the new lift for about $10,000 per year. the old lift is not suitable for rental. the old lift could currently be sold for $25,000 if the new lift is purchased. prepare an incremental analysis showing whether the company should repair or replace the equipment.

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.]

About 20 years ago, sturdy light, inc., produced a sturdy, lightweight backpack in a market that was rapidly growing. sturdy light became a leader in this market. eventually, the backpack market reached the maturity stage and slowed down. however, by this time, sturdy light had developed a strong brand name and continued to steadily lead the market. which of the following describes this scenario? a. sturdy light was a star that developed into a cash cow. b. sturdy light was a question mark that developed into a star. c. sturdy light was a dog that developed into a question mark. d. sturdy light was a cash cow that developed into a star.

What provides financial support to workers who are retired or have disabilities? medicare social security tax withholdings medicaid