Ms. Franklin makes necklaces, with an opportunity cost of 2 jewelry boxes per every 3 necklaces. Ms. Lincoln makes jewelry boxes, with an opportunity cost of 4 necklaces per every 3 jewelry boxes. Ms. Lincoln makes jewelry boxes, with an opportunity cost of 4 necklaces per every 3 jewelry boxes. Ms Green proposes that Ms. Franklin rive Ms Lincoln four necklaces in exchange for three jewelry boxes. Required:
What are Ms. Franklins and Ms Lincolns reactions?

Standardization is associated with which of the following management orientations? a) ethnocentric orientation b) polycentric orientation c) regiocentric orientation d) geocentric orientation

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.]

If a hotel has 100 rooms, and each room takes 25 minutes to clean, how many housekeepers working 8-hour shifts does the hotel need at 50 percent occupancy?