Answer:
1 Total premium % paid by Employees Premium paid by employees Premium paid by employer Employee medical insurance payable 7500 40% 3000 4500 Employee life insurance payable 4500
Explanation:
Based on the calculation done, there are 15 baskets of peaches.
x + y = 23 ..... i
20x + 18y = 430 ...... ii
From equation i, x = 23 - y ..... iii
Put equation iii into ii
20x + 18y = 430
20(23 - y) + 18y = 430
460 - 20y + 18y = 430
2y = 30
y = 30/2 = 15
x + y = 23.
x + 15 = 23
x = 23 - 15 = 8
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Answer:
Elasticity is independent of the units of measurement.
Explanation:
Elasticity in economics, is a term that describes the measurement of the percentage change of one economic variable in response to a change in another economic variable.
Unlike the slope of the demand curve which measures the steepness or flatness of a line in terms of the measurement units for price and quantity. Elasticity on the other hand, has the advantage of being a unitless ratio, independent of the type of quantities being varied, which in turn simplifies data analysis.
Hence, Economists use elasticity to measure the responsiveness of quantity to a change in price rather than the slope of the demand curve because elasticity is independent of the units of measurement
The service lifecycle should be processed to operate a new service at the stage called "service design".
<h3>What is service?</h3>
Service refers to the action done in order to provide assistance to others. In terms of it, the charges are paid for availing the services.
Everything required in transforming and run the new or updated service is described in a service design package throughout the service design stage of the lifecycle.
Therefore, it can be concluded that At the stage known as "service design," the service lifecycle should be handled in order to operate a new service.
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