Jimenez corporation manufactures and sells two types of decorative lamps, knox and ayer. the following data are available for the year 2017. the numbers below repre- sent the calculations from the previous try it! examples (6-1 through 6-4) together with the relevant schedule numbers from those examples. 6-5 tryit! revenues (schedule 1) beginning inventory of finished goods (1-1-2017) ending inventory of finished goods, 12-31-2017 (schedule 6b) direct materials used (schedule 3a) direct manufacturing labor (schedule 4) manufacturing overhead (schedule 5) variable marketing costs (4% of revenues) fixed marketing costs variable distribution costs ($1.50 per cu. ft. for 30,000 cu. ft.) fixed distribution costs fixed administration costs $925,000 76,200 59,300 350,000 100,000 143,000 43,000 40,000 75,000 calculate (1) the cost of goods sold budget (label it schedule 7); (2) the nonmanufactur- ing costs budget (label it schedule 8); and (3) the operating income budget for the year ending december 31, 2017.

How does having a flexible mind you become a better employee? a. it you become more honest toward work. b. it you become a team player. c. it you learn new things that will better your performance. d. it you to finish your work on time. e. it you reach work on time

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.]

(a) what was the opportunity cost of non-gm food for many buyers before 2008? (b) why did they prefer the alternative? (c) what was the opportunity cost in 2008? (d) why did it change?