Answer:
<u>Yes</u>
Explanation:
Remember, number of sales is also a determiner of a company's performance. Since it is a fact that $ 140,000 would increase sales to 200,000 goggles and in turn Implying more profit for the company over competitors.
Therefore, management has taken the right course of action.
I would choose D. By outsourcing certain processes to small businesses
Answer:
a) The demand curve for unskilled labor is vertical.
Explanation:
Someone says, "Even though the equilibrium wage rate is $8 an hour in the unskilled labor market, if we impose a minimum wage of $10 an hour, no one currently working will lose his or her job." This person must believe that the Group of answer choices demand curve for unskilled labor is vertical.
Response to prices depend on the elasticity of demand because elasticity of demand relates to how quantity demanded will fall as a result of increase in price or in this case wage rate.
A vertical demand curve is a pictorial demonstration of a perfectly inelastic demand which means that no matter how much to you increase the price no change will occur in quantity demanded as such a good is most essential to the consumers.
Therefore if the demand for labor is perfectly inelastic, it means nobody will be laid off with increase in wage rate as firms will not change their quantity demanded for labor.
Answer:
$110.56
Explanation:
The Total Cost of the three shirts will be = $49.96*3 = $149.88
When the third shirt is discounted cost becomes = $49.96*2 = $99.92
However tax is on the initial total cost which is 7.1%*149.88 = $10.64
Therefore the amount to be paid will be the discounted price of 99.92 + tax of 10.64 = $110.56