A pool lifeguard demands money after saving bob from drowning in the pool. Bob does not have to pay the lifeguard because this is an instance of <u>pre-existing duty</u>.
A pool lifeguard is responsible for the general supervision and safety of swimmers by preventing and responding to emergencies. Lifeguards are superior swimmers who are able to give advice on water safety to swimmers.
When a pool lifeguard demands money after saving bob from drowning. The lifeguard should not be paid, as it is the pre-existing duty of a lifeguard to help swimmers in an emergency.
Hence, the lifeguards administers first aid in the event of injury, rescues swimmers in distress or danger of drowning.
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Answer:
It would need 549 guests to break even.
Explanation:
The first step will be know the Contribution Margin:
Variable Cost
Food 120
Other 8
Total 128
Next we do the Contribution Margin, which represent how much cash each guest generates to pay the fixed cost
500- 128 = 372
Then we Calculate the total fixed cost we need to pay
Rental 150,000
Advertising 50,000
Entertainment 4,000
Total 204,000
Now we calculate the Break Even Point in units (for this case, in guests)
It would need 549 guests to break even.
Answer:
A.Marginal Revenue $3
B. No
Explanation:
A.Calculation for the Marginal Revenue (MR) that the firm earn from sale of the output produced by the last worker employed
Based on the information given we were told that the Marginal Physical product of the last unit of labor was 5 units per hour in which the firm pays each worker an hourly wage of $15. Now let calculate the Marginal Revenue using this formula
Marginal Revenue = Employees hourly wages/Marginal Physical product unit of labor
Where,
Employees hourly wages=$15
Marginal Physical product unit of labor =5 units per hour
Let plug in the formula
Marginal Revenue =$15/5
Marginal Revenue =$3
B. No reason been that the current profit-maximizing hourly output was 100 units in which we were told that the firm sells at a price of $5 per unit. While the Marginal Revenue gotten in (A) above was $3 which is lesser or lower than $5 per unit which simply means that the firm does NOT sell its output in a well perfectly competitive market .
Answer:
at the local senior citizens association
Explanation:
They still vote in high numbers.
Answer:
Increase by 4.8%
Explanation:
The 4% price reduction will cause an increase in demand by 2.4%.
The 2% rise in income will cause an increase in demand by 2.4%
If we take into account both variations and add them, we have an increase in demand by 2.4%+2.4% = 4.8%
