Ction function and the marginal product of labor in each orchard: qq = = 120l−l2120l−l2 mplmpl = = 120−2l120−2l where qq is the number of apples produced in a day, ll is the number of workers, and mplmpl is the marginal product of labor. now, suppose the price of apples is back at $2 per apple, but a hurricane destroys half the orchards so only 20 orchards remain. recall that each orchard's labor demand as a function of the daily wage is l=60−0.25wl=60−0.25w . what is the market's labor demand? l=120−10wl=120−10w l=1,200−10wl=1,200−10w l=60−0.25wl=60−0.25w l=1,200−5wl=1,200−5w ectenia continues to have 200 workers who supply their labor inelastically. the equilibrium wage is nowper worker per day. each orchard hiresworkers and makes a profit ofper day. (note: assume that wages are the firm’s only costs.) total income in the country (defined as workers' income plus orchards' profit) was equal to $46,000 before the crop destruction. true or false: total income of ectenia rose as a result of the crop destruction. true false

Jameson manages a well-known cell phone company. this company has been voted as having the best cell-phone service. consumers appreciate the fact that they can call from almost anywhere in the world and the service still gets through. jameson knows that the company's product far surpasses that of the competition. one thing has been bothering him, though. in order to put so many resources into ensuring the best service, jameson has cut back on employees at the firm's customer call center. recently, consumers have begun complaining about long wait times when they call in with a problem or concern. although its cell phone service is still considered one of the best, customer satisfaction with the firm's customer service has plummeted. jameson does not understand why consumers are getting so upset. he believes the exceptional cell phone service more than makes up for long waiting periods and other issues with its customer service. "after all," he says, "they can't have it all. if i invest more in customer service, that means less investment on ensuring the quality of our product offering."refer to scenario. jameson has asked you, a marketing consultant, to give him advice. he cannot understand how a cell-phone company with the best product offering in the cell-phone service industry could get such low satisfaction ratings simply because the customer service is not up to par. you suggest that jameson has a narrowly defined view of the company's product offering. you tell jameson that successful marketers should define their products as what they

Wallis company manufactures only one product and uses a standard cost system. the company uses a predetermined plantwide overhead rate that relies on direct labor-hours as the allocation base. all of the company's manufacturing overhead costs are fixed—it does not incur any variable manufacturing overhead costs. the predetermined overhead rate is based on a cost formula that estimated $2,886,000 of fixed manufacturing overhead for an estimated allocation base of 288,600 direct labor-hours. wallis does not maintain any beginning or ending work in process inventory.

Frolic corporation has budgeted sales and production over the next quarter as follows. the company has 4100 units of product on hand at july 1. 10% of the next months sales in units should be on hand at the end of each month. october sales are expected to be 72000 units. budgeted sales for september would be: july august september sales in units 41,500 53,500 ? production in units 45,700 53,800 58,150