Answer:
The answer to both a and b is in the explanation below
Explanation:
a) The increase in wage can either decrease or increase the hours worked. This is became an increase in wage has both substitution effect and income effect that work in different directions. Substitution effect An increase in wage increases the opportunity cost of leisure, thereby making the worker increase number of hours worked. Income effect The increase in wage also makers the worker richer, thereby making the worker decrease number of hours worked.
Since no information about worker's preferences is given, we do not Imow which effect will dominate the other effect and, therefore, we do not know what the net impact of the increase in wage will be.
b) The bonus will only have income effect. The bonus will make the workers richer, thereby making the worker decrease number of hours worked.
If in part a), the substitution effect and income effect are equal in magnitude, then there will be no change in the number of hours worked. The number of hours worked will remain the same at 2000 hours. Since the employer would be paying $5 extra on each hour worked, the cost to the employer of increase in wage would be $10,000 (=2000 x $5), which is the same as the bonus in part b).
Answer:
The correct answer is option D. choosing an animation tool
Explanation:
After preparing a script for an animation, the next step that should follow is to choose an animation tool. There are several kinds of animation types and consequently several kinds and types of animation tools. In order to go ahead with the story boarding, one needs to first establish the basic of animation including the types.
I hope the answer was helpful.
Thanks for asking.
Answer:
Request for proposal
Explanation:
The correct answer is a request for proposal. A request for proposal (RFP) is a business document that announces and gives detailed explanations about a project, it also helps an organization solicitation of bids from contractors who will help in the completion of the project. organization clarify training objectives, compare vendors, and measure results.
Answer:
Price will increase and quantity will increase
Explanation:
When there is an increase in demand , there would be an outward shift of the demand curve while the supply curve would remain the same.
Demand would exceed supply and price would rise as a result.
Due to increased demand for houseplants, the supply of house plants would also increase.
I hope my answer helps you
In the context of the general environment, this scenario best illustrates the effect of the <u>"legal component" </u>on organizations.
The general environment is the bigger environment inside which the errand condition is implanted. It incorporates political and legitimate powers, macroeconomic powers, statistic powers, sociocultural powers, innovative powers, and global powers. Components in the general condition affect the association through the medium of the task environment.
The general environment helps shape the errand condition, in this way deciding the greatness of the openings and dangers facing the association. The general condition is less simple to shape than the errand condition, however it is no less critical.
