The following T-account is a summary of the cash account of Wildhorse Company. Cash (Summary Form) Balance, Jan. 1 5,600 Receipts from customers 254,800 Payments for goods 140,000 Dividends on stock investments 4,200 Payments for operating expenses 98,000 Proceeds from sale of equipment 25,200 Interest paid 7,000 Proceeds from issuance of Taxes paid 5,600 bonds payable 210,000 Dividends paid 28,000 Balance, Dec. 31 221,200 What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows

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.]