Carla H is considering buying a few tablet devices for her bakery so customers can place orders for her signature cupcakes on their own, straight from the counter.

Reason: She fears the $7.25 an hour that she currently pays her 10 customer service employees, could rise, perhaps to $9 an hour under a pledge by President Obama earlier this month.

Key Facts for Questions

Ms. H believes that the customer-ordering process has to be automated, in order to remain profitable with self-serving tablets

The combined cost of two tablets, plus a customized application for displaying products with descriptions and processing orders range from $5,000 - $15,000 to implement

Some businesses see a promise in selling technologies to small businesses to help do-away with low-wage workers

A $22,000 six-foot-tall robot with flexible arms, a face screen, and rolling pedestals replaces the low-wage workers at small manufacturing firms that can't afford traditionally automated robots that require someone to program it

Questions

What must the firm do in order to produce the same level of output at the new set of input prices? (Assume that only the price of labor increased, the price of robots remained the same). Hint: experiment with your isocost lines, keeping in mind what the slope is equal to).

What happens to the cost-minimizing amounts of labor and robots after the wage increase? Draw graphically. You should have your original tangency and your new tangency on the desired isoquant.

What has happened to Total Cost?

If an object is placed inside the focal length of a concave mirror, a and image will be formed behind the mirror. Question 4 options: smaller, real, upright larger, real, upright smaller, real, inverted larger, real, inverted smaller, virtual, upright larger, virtual, upright smaller, virtual, inverted larger, virtual, invertedImagine you have a biconvex lens with a focal length of several feet. You hold the biconvex lens to your eye as a friend approaches you from very far away. Which of the following is the likeliest description of how the image you see of your friend Changes? the image steadily grows smaller while remaining upright. the image steadily grows smaller while remaining inverted. the image steadily grows larger while remaining upright. the image steadily grows larger while remaining inverted. theiraage grows larger while inverted, briey disappears, then grows larger while uprlg the image grows larger while inverted, briefly disappears, then grows smaller while upright Money Market Mutual Funds Held by Businesses 150 Money Market Mutual Funds Held by Individuals 250 Currency in Banks 50 Currency in Circulation 30 Savings Account 45 Money Market Deposit Accounts 80 Large Time Deposits 250 Small Time Deposits 85 Checkable Deposits 190 Refer to the following information. Calculate M1. Money Market Mutual Funds Held by Businesses 150 Money Market Mutual Funds Held by Individuals 250 Currency in Banks 50 Currency in Circulation 30 Savings Account 45 Money Market Deposit Accounts 80 Large Time Deposits 250 Small Time Deposits 85 Checkable Deposits 190Question Completion Status: QUESTION 45 (Q025) Which of the illustrations represents the Gestalt phenomenon of good continuation? Click to view larger image. Oz.A O b. C OLD Od.E QUESTION 46 Which of the Gestalt principles stares that we tend to perceive objects in groups job. closure TO S. Proximity pie. similarity Click Save and m/aws/image?u=0&file=/wwnorton.college public/coursepacks/psych/cognition Vings/