Labor unions want higher wages for employees, but producers can earn more profits by offering lower wages.
Answer:
Calculating the bill total for the week:
The Sum Function in excel is a very easy mathematical operation to sum the daily bill amounts. In the cell for the sum, you can manually enter the sum function by typing (=sum), then you define the parameters (=sum(C50:I50). One you press the "enter" the result is automatically displayed. This can also be automatically done by pressing the Sum Function on the Ribbon or Alt + =.
Explanation:
In Microsoft Excel, the Sum Function is a mathematical operation or syntax that provides the formula for adding, subtracting, or getting the total numerical content of indicated cells. With the Sum Function of Excel you can add, subtract, multiply, and divide, for example A1 * A4, C20/A2, A4 - A5, and so on.
Answer:
B
Explanation:
First, a monopoly produce less than the socially efficient quantity because as the figure shows, the quantity produced is determined by the intersection between the marginal cost curve (MC) and the marginal revenue curve (MR) and not by the intersection between the MC and the demand. For instance, there is a deadweight loss (shown by the figure).
Second, equilibrium price is always higher than in a competitive market because is always higher than the MC. The price is determined by the equilibrium quantity (found before) and the demand. Also, there are barries to entry and so monopolist have always price control.
In the quantity discount model, the optimum quantity is not always be found on the lowest total cost curve. Therefore, it's false.
<h3>What is optimum quantity?</h3>
It should be noted that optimum quantity simply means the economic quantity that is purchased.
In this case, in quantity discount model, the optimum quantity is not always be found on the lowest total cost curve. Therefore, it's false.
Learn more about optimum quantity on:
brainly.com/question/17192219
Answer:
3.79 years
Explanation:
In the payback, we analyze in how many years the invested amount is recovered. The computation is shown below:
In year 0 = $117,200
In year 1 = $53,000
In year 2 = $21,500
In year 3 = $26,500
In year 4 = $20,500
In year 5 = $23,000
If we sum the first 3 year cash inflows than it would be $101,000
Now we deduct the $101,000 from the $117,200 , so the amount would be $16,200 as if we added the fourth year cash inflow so the total amount exceed to the initial investment. So, we deduct it
And, the next year cash inflow is $20,500
So, the payback period equal to
= 3 years + $16,200 ÷ $20,500
= 3.79 years
In 3.79 years, the invested amount is recovered.
