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laiz [17]
2 years ago
11

Jordan ran 7/8 mile on Monday and 5/6 mile on Tuesday.

Mathematics
1 answer:
vodomira [7]2 years ago
8 0

Answer:

\frac{1}{24} miles \\

Step-by-step explanation:

\frac{7}{8}  -  \frac{5}{6}  =  \frac{1}{24}

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A) TA

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3 years ago
How do you do this question?
romanna [79]

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If the price goes up, then this means the worker earns higher wages. This in turn causes labor demand to fall. So the employer will be less likely to hire more workers if the wages increase. It's similar to how if the price of an item goes up in a store, then less people are probably going to buy it.

Demand is elastic because a small change in price causes a large change in demand. The company is going to be sensitive to wage changes. The company sees that it is approaching the diminishing returns, so it is likely to scale back on labor to save costs. It's all about trying to minimize costs and maximize revenue. Often, revenues can't be changed very much since customers are themselves sensitive to price changes (assuming there are substitutes in the market), so the company will turn to trying to reduce costs as much as possible leading to maximum profit.

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Marina86 [1]
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I hope this helps :)

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3 years ago
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