Refer to the figures below and assume that price is fixed at $37,000 and that Buzzer...

 

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Refer to the figures below and assume that price is fixed at $37,000 and that Buzzer Auto needs 10 workers for every 1 automobile produced. Automobile Market Fixed Prices Automobile Market Flexible Prices $40,000 A' B' C' 37.000 37,000 DH DH DM 35,000 A DM 700 900 1,150 900 DL Cars per week Cars per week Instructions: Enter your answers as whole numbers. a. If demand is DM and Buzzer wants to perfectly match its output and sales, how many cars will Buzzer produce? How many workers will it hire? b. If instead, demand unexpectedly falls from DM to DI, how many fewer cars will Buzzer sell? How many fewer workers will it need if it decides to match production to these lower sales? Price Refer to the figures below and assume that price is fixed at $37,000 and that Buzzer Auto needs 10 workers for every 1 automobile produced. Automobile Market Fixed Prices Automobile Market Flexible Prices $40,000 A' B' C' 37.000 37,000 DH DH DM 35,000 A DM 700 900 1,150 900 DL Cars per week Cars per week Instructions: Enter your answers as whole numbers. a. If demand is DM and Buzzer wants to perfectly match its output and sales, how many cars will Buzzer produce? How many workers will it hire? b. If instead, demand unexpectedly falls from DM to DI, how many fewer cars will Buzzer sell? How many fewer workers will it need if it decides to match production to these lower sales? Price

Answer rating: 100% (QA)

a 900 cars 1800 employees Since the price is 37000 and Dm is required therefor... View the full answer