Answer:
The line on the graph will be parallel to the pre-subsidy line and the new constraint will then be equal to the points connecting the two lines.
Explanation:
The subsidy by government to single parents is $3 per hour for up to 8 hours. The total of subsidy will be $16 for each day. The labor force who were not receiving the subsidy before had steep indifference curve but now few workers will find utility maximization with flatter indifference curve so the workers will join the subsidy program.
Answer:
Explanation:
It differs from those adopted by taxi companies because platform business most times embrace a monopoly approach because they take over the market. Platform business have strong network effect and multihoming cost and they don't have a taste for service, therefore there is the consideration of strong Internet based network which connects drivers to customers which is a competitive advantage. There is the e-payment platform. The organization does not mange drivers or seek patronage since they do not bearing homing cost. Their only aim is to create a connection between drivers and their customers.
Answer:
they wanted to eliminate prices
Explanation:
hope this helped :)
Answer:
B
Explanation:
$10,000 - [$6,000 + ($9,000 - $3,000)] = ($2,000). Therefore, nothing is added back.
Answer:
$230,899
Explanation:
Calculation for what the equivalent present cost is for the first 5 years
Present cost of the repair work = 68,000 * (P/A, 6%,5) - 7,000 * (P/G, 6%,5)
Present cost of the repair work= 68,000 * 4.212364 - 7,000 * 7.934549
Present cost of the repair work= $230,898.90 Approximately $230,899
Therefore the Present cost of the repair work will be $230,899
