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ira [324]
3 years ago
9

At a price of $5/hour, bob wants to hire three workers. when the price rises to $7/hour, bob wants to hire only two workers. bob

’s price elasticity of demand for workers is:
Business
1 answer:
Rashid [163]3 years ago
7 0
$5 per worker
5*3=15
$7 per worker
7*2=14
total of what he pays the workers per hour
15+14=29
he pays the workers 29 dollars per hour
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Answer: -1.26%

Explanation:

We can solve for this using the following formula.

Return on Stock Market = Down figure of Index / ( Close figure of Index - down figure of Index)

So calculating we have,

Return on Stock Market = -98.34 / ( 7,447.50 - (-98.34))

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3 years ago
Under a perpetual inventory system, a.a physical count is required to determine cost of merchandise on hand b.the purchases retu
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Answer:

d.accounting records continuously disclose the amount of inventory

Explanation:

Under the perpetual inventory system, an entity continually updates its inventory records to account for additions to and subtractions from inventory for such activities as:

Received inventory items

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3 years ago
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Answer:

$186,700

Explanation:

The computation of adjusted cost of goods sold is shown below:-

Before that we need to do the following calculations

Raw material consumed = Beginning raw material + Raw material purchases - Ending raw materials - Raw materials included in  manufacturing overhead costs  as indirect materials

= $40,000 + $63,000 - $24,000 - $5,000

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Total manufacturing cost = Beginning work in progress + Raw material consumed + Direct labor cost + Manufacturing overhead cost - Ending work in progress

= $23,000 + $74,000 + $73,700 + $48,000 - $17,000

= $201,700

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= $50,000 + $201,700 - $72,000

= $179,700

Adjusted COGS = Unadjusted Cost of goods sold + Underapplied overhead

= $179,700 + ($55,000 - $48,000)

= $179,700 + $7,000

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Answer:

The correct answer is A) the substitution effect

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3 years ago
If the Mount Lemmon fire district attempts to implement age diversity initiatives, but these initiatives are defeated because th
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Answer:

Explanation:

fears of reverse discrimination

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