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Author Question: In the 1930s and 1940s, the Technicolor company was able to leverage its bargaining power over the ... (Read 139 times)

faduma

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on: Jun 29, 2018
In the 1930s and 1940s, the Technicolor company was able to leverage its bargaining power over the movie industry because Technicolor was the sole producer of cameras and films needed to produce color films.
 
  Indicate whether the statement is true or false

Question 2

Joan Jillson owns a coffee shop. Assume that the marginal product of the labor Joan employs (MPL) equals 500 cups per week and the marginal product of her shop's capital (MPK) equals 1,000.
 
  Assume also that the wage (w) Joan pays her workers equals 250 per week and the rental price (r) of her capital - her coffee machines - equals 500 per week. Which of the following correctly analyzes whether Joan is minimizing her costs?
  A) No, Joan is not minimizing her costs because MPL  w is less than MPK  r.
  B) No, Joan is not minimizing her costs because MPK is greater than MPL and r is greater than w.
  C) Yes, Joan is minimizing her costs because she is a price-taker in the markets for labor and capital.
  D) Yes, Joan is minimizing her costs because MPK/r equals MPL/w.
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swimkari

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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faduma

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

lindahyatt42

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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