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4 years ago

Factors that affect the elasticity of demand for labor include all of these except:

1 answer:

5 0

Since the problem doesn’t give the choices for these questions. I will be giving you the factors that affect the elasticity:

1. Labor costs as percent of total costs – when labor expenses have a high share in total costs then labor demand is more elastic.

2. Easiness and cost of factor substitution – when the firm can substitute rapidly and effortlessly between labor and capital inputs.

3. Price elasticity of demand for the final output produced – if the business is working an extremely competitive market where the final demand of the product is elastic and as a result the demand for labor is more elastic.

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The Bijou Theater in Hermosa Beach, California, shows vintage movies. Customers arrive at the theater line at the rate of 100 pe

a_sh-v [17]

Answer:

Task a:

What is the average customer time in the system?

Answer: 30 seconds

Task b:

What would be the effect on customer time in the system of having a second ticket taker doing nothing, but validations and card punching, thereby cutting the average service time to 20 seconds?

Answer: 33.34 minutes

Task c:

Would system waiting time be less than you found in b if a second window was opened with each service doing all three tasks?

Answer: 16.67 minutes

Explanation:

Task a:

What is the average customer time in the system?

Solution:

Average customer time = 30 seconds per customer.

Total number of customers in an hour = 100.

Total time taken to attend customers = time per customer*total customers

= 30*100 = 3,000 seconds or 50 minutes.

So, 100 customers are attended in 50 minutes.

Average time = 50/100 = 0.5 minutes or 30 seconds

Task b:

Solution:

If the average service time is reduced to 20 seconds, the customer time will reduce in the system.

For 100 customers, total time taken = 20*100 = 2,000 seconds or 33.34 minutes

Thus waiting time for the 100th customer has fallen from 50 minutes to 33.34 minutes.

Task c:

Would system waiting time be less than you found in b if a second window was opened with each service doing all three tasks?

Solution:

In this case, 100 customers will be divided into 1/3rd each i.e. 100/3 in each line.

So, waiting time for the 100/3th customer = 100/3*original time = 100/3*30 seconds = 1,000 seconds or 16.67 minutes.

Thus, within 16.67 minutes the line would be serviced.

Therefore, System waiting time will be less than as calculated in b.

3 0

4 years ago

In an example, a local church is made up of people who are very different in their lifestyles and their stages of life. Mary is

vladimir2022 [97]

Answer:

C) Self actualization

Explanation:

From the question, we are informed about example of alocal church is made up of people who are very different in their lifestyles and their stages of life, we are told if Mary who is is a 23-year-old single parent who earns the minimum wage. Jonathan is 60 years old, extremely wealthy, and works because he enjoys it. Jane is a 45-year-old lawyer who earns well and is well-respected in her profession. She is extremely career-oriented and is proud of her achievements.

In this case, self actualization would motivate Jonathan the most. This is because self actualization can be regarded as self fulfilment, it is when one fully realize his/her potential and gives appreciation, and here

Jonathan is 60 years old, and described as extremely wealthy, and works because he enjoys it. Hence self actualization is the best answer.

8 0

4 years ago

A restaurant manager has estimated that the price elasticity of demand for meals is 2. If the restaurant increases menu prices b

aniked [119]

Answer: 10%, fall

Explanation:

Elasticity of demand = % change in Quantity demanded/ % change in price

therefore % change in Quantity demanded

=2 x 5= 10%

ii) fall , this is due to the decrease in demand which is more than the increase in price.

7 0

4 years ago

George is a U.S. citizen who is employed by Hawk Enterprises, a global company. Beginning on June 1, 2021, George began working

Jet001 [13]

It can be deduced that George is eligible for the foreign income exclusion for 2021 and 2022.

<h3>What is foreign income exclusion?</h3>

It should be noted that the foreign income exclusion isn't compulsory. It's when the foreign income is excluded from ones income.

In 2021, the gross income for George will be:

= $275000 - $63730

= $211270.

In 2022, the gross income will be:

= $300000 - $108700

= $191300

Learn more about federal income on:

brainly.com/question/1775528

7 0

2 years ago

QUESTION 6

pentagon [3]

Constitutional protections do NOT apply to acts of privately owned businesses.

Constitutional protection is a term that refers to the coverage that the laws of the constitution have. According to the above, the protection applies to:

All state institutions
All public administration agencies
All the states
All individuals

However, constitutional protection does not cover private institutions such as companies, factories, businesses, associations, among others because they have their internal rules.

Learn more in: brainly.com/question/14456790

8 0

3 years ago