Solution :
Given the wage = $ 10.25 that is to be imposed to the market.
Given equation :
= 500 – 45W and 
= -200 + 25W
If the wage of $10.25 is to be imposed to the market, the value of the labor supply can be found by putting the value of the wage in the labor supply equation.
At W = 10.25
Putting this value in the above equation, the labor supply would be
= -200 + 25W
= -200 + 25(10.25)
= 56.25
When W = 10.25, the value for the labor demand can be found by :
= 500 – 45W
= 500 – 45(10.25)
= 500 – 461.25
= 38.75
Therefore, the labor demand and the labor supply model is
= 400 - 45 x 10.25
= -200 + 25 x 10.25
Answer: Assuming there are a fixed amount of seats in the stadium, all seats are available to be sold, and the price of tickets before the ceiling was at an equilibrium point above $50.
The price ceiling will create a <u>SHORTAGE</u> of tickets, which will be greater if demand is more <u>ELASTIC</u>, and <u>THE SAME NUMBER OF</u> people will attend the events. Group of answer choices
Answer:
a. Leslie, who is independent and self-confident. She doesn’t need people to tell her what to do.
b. Malcolm, who loves to play. His last boss says that Malcolm was the "chief kid" in his last office.
c. Frankie, who has been in the toy business for 10 years and who knows what he’s doing, but who always likes testing a new idea.
Explanation:
In this scenario the CEO of a start-up toy manufacturer wants to create at least 10 wildly different toys in the next three years.
He will primarily need people that are creative and are inclined to work with new ideas.
The wrong choice will be someone who follows the rules and is stable. Such a staff will not contribute new ideas that will move the company to make profits.
Leslie is confident and does not need to be told what to do, so she will take initiative to do new things.
Malcolm loves to play and this will boost creative ideas.
Frankie likes testing new ideas and will be comfortable working creatively.
Answer:
preemption
Explanation:
Preemption -
It refers to the process of getting some prior claim , is referred to as preemption .
It is basically some rights which a company takes before any other company getting it .
Some pre approved process is known as preemption , these claims are required to be taken .
Hence , from the given scenario of the question ,
The correct answer is preemption.
