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  • Carolyn Owns A Soda Factory and Hires Workers in A

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    trilocksp Singh
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    Carolyn owns a soda factory and hires workers to bottle soda. The document shows how the factory's weekly soda output in cases varies with the number of workers hired. It asks how many workers Carolyn should hire if each case sells for $10 more than materials and wages are $1,000 per week. It then asks how a minimum $1,500 weekly union wage would affect hiring, and with $1,000 wages but $15 per case price, how many workers would be hired.

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    Carolyn owns a soda factory and hires workers to bottle soda. The document shows how the factory's weekly soda output in cases varies with the number of workers hired. It asks how many workers Carolyn should hire if each case sells for $10 more than materials and wages are $1,000 per week. It then asks how a minimum $1,500 weekly union wage would affect hiring, and with $1,000 wages but $15 per case price, how many workers would be hired.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    158 views1 page

    Carolyn Owns A Soda Factory and Hires Workers in A

    Uploaded by

    trilocksp Singh
    Carolyn owns a soda factory and hires workers to bottle soda. The document shows how the factory's weekly soda output in cases varies with the number of workers hired. It asks how many workers Carolyn should hire if each case sells for $10 more than materials and wages are $1,000 per week. It then asks how a minimum $1,500 weekly union wage would affect hiring, and with $1,000 wages but $15 per case price, how many workers would be hired.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    Solved: Carolyn owns a soda factory and hires workers in a

    Carolyn owns a soda factory and hires workers in a

    Carolyn owns a soda factory and hires workers in a competitive labor market to bottle the soda.
    Her company's weekly output of bottled soda varies with the number of workers hired, as shown
    in the following table:

    Number of workers Cases/week

    0………………………… 0

    1………………………… 200

    2………………………… 360

    3………………………… 480

    4………………………… 560

    5………………………… 600

    a. If each case sells for $10 more than the cost of the materials used in pro¬ducing it and the
    competitive market wage is $1,000 per week, how many workers should Carolyn hire? How
    many cases will be produced per week?

    b. Suppose the Soda Bottlers Union now sets a weekly minimum acceptable wage of $1,500
    per week. All the workers Carolyn hires belong to the union. How does the minimum wage affect
    Carolyn's decision about how many workers to hire?

    c. If the wage is again $1,000 per week but the price of soda rises to $15 per case, how many
    workers will Carolyn now hire?

    Carolyn owns a soda factory and hires workers in a

    ANSWER
    https://solvedquest.com/carolyn-owns-a-soda-factory-and-hires-workers-in-a/

    Reach out to freelance2040@yahoo.com for enquiry.


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