Answer:
Explanation:
A line has a general equation of
where b is the y-intercept and slope of m.
Since is the value of y when
, it is the point of intersection of the line with the y-axis, hence the y-intercept is
.
We are given the slope is
So the equation of the line is
The area of polygon MNOPQR is equal to the area of a rectangle that is 15 square units + area of a rectangle that is 2 square units.
<h3>How to calculate the area of this polygon?</h3>First of all, we would determine the area of rectangle MNSR with a side length of 3 units as follows:
Area = L × W
Area = 3 × 5
Area = 15 square units.
Next, we would determine the area of rectangle MNSR with its dimensions as follows:
Thus, its area is given by:
Area = L × W
Area = 2 × 1
Area = 2 square units.
Therefore, the area of polygon MNOPQR is equal to the area of a rectangle that is 15 square units + area of a rectangle that is 2 square units.
Read more on rectangle here: brainly.com/question/25292087
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Answer:
a(I).Q4, (ii). W3.
(b). Q4.
(c). (i) and (ii). Check Explanation
Explanation:
Note: Kindly check the attachment for the graph. The solution to the question is given below;
(a). Using the labels from the graph above, identify each of the following.
(i) The optimal quantity of labor Larry’s Lumber Mill will hire will be at a point in which marginal cost = marginal revenue which is point Q4
(ii). The wage rate Larry’s Lumber Mill will pay is at a point in which the Marginal revenue = marginal cost that is at point W3.
(b). Using the labels from the graph above, the number of workers Larry’s Lumber Mill would hire if the labor market were perfectly competitive is Q4.
(c). (i). Larry’s Lumber Mill’s demand for labor increase which will cause a shift to the right on the demand curve. This is so, because as the demand for housing increases, the demand for lumber will increase too.
(ii). The supply is lesser than the demand which will cause a shift to the left on the supply curve.
