Answer:
C
Explanation:
Increasing minimum wage increases the cost of hiring labour. As a result, firms would reduce the amount of labour skilled labour employed in order to reduce cost of hiring labour.
Another option, is for firms to hire more skilled labours
Answer:
Change in Operating Cash Flow = 13.79 %
Explanation:
given data
output level = 58,000 units
degree of operating leverage = 1.6
output rises = 63,000 units
solution
we get here percentage change in operating cash flow for that
Percentage Change in Output we get
Percentage Change in Output = ( output rises - output level ) ÷ output level .........1
Percentage Change in Output = 
Percentage Change in Output = 0.08620689655
so here Change in Operating Cash Flow will be as
Change in Operating Cash Flow = Percentage Change in Output × degree of operating leverage ............2
Change in Operating Cash Flow = 0.08620689655 × 1.6
Change in Operating Cash Flow = 13.79 %
Answer:
(1) effects of large families on child development, (2) educational problems, (3) lags in new technology, (4) increased inequities in agriculture, (5) unemployment and underemployment.
Explanation:
you can choose 3 from those.
Answer:
$700
Explanation:
In cost benefit insurance , the intervention and its benefit are evaluated to arrive at the best decision for the insured party.
Working
Potential lawsuits - $750,000
Deductible insurance - $50,000
Possibility of injury /death = 1/1000
Maximum payment for insurance - $(750000-50000)/1000
$700
Answer:
inversely related to the price elasticity of demand for item in question.
Explanation:
Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services. Thus, it refers to the amount of money a customer or consumer buying goods and services are willing to pay for the goods and services being offered. Also, the price of goods and services are primarily being set by the seller or service provider.
Generally, all businesses and entrepreneurship go into the business of buying and selling or providing services to service takers (consumers) for the sole purpose of making profit and maximizing the profits over time.
At the profit-maximizing level of output, the amount by which a business firm can mark up price is inversely related or proportional to the price elasticity of demand for the item (product) in question. Thus, the amount by which a business firm can mark up price increases as the price elasticity of demand for a item (product) decreases and vice-versa.
A price elasticity of demand can be defined as a measure of the responsiveness of the quantity of a product demanded with respect to a change in price of the product, all things being equal.
Also, a mark-up price is simply the difference between the cost price of a good (product) or service and its selling price.
