What would likely raise Olivia's reservation wage is if Olivia learns that the job is more challenging than she initially thought
Reservation price is the least amount of wage that a worker would be willing to accept for services rendered.
<em><u>Factors that lead to changes in reservation wages</u></em>
- Finances: a worker that is in debt or in desperate need of money would have a lower reservation wage when compared with a person that is debt-free. For example, the reservation wage of a billionaire would be higher than the reservation wage of an homeless individual.
- Nature of the job: the more challenging a job is, the higher the reservation wage that would be demanded by a worker.
- Length of unemployment: the longer a person has been unemployed for, the lower the reservation wage.
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Answer:False
Explanation:
The potential advantage of online surveys are quick response rate and low cost than traditional surveys. This statement contradicts the above stamement.
Online surveys has faster medium to reach the target audience,cost-efficient.These are characteristics of online survey not traditional survey
So therefore it is false
The Jones Family has an annual consumer spending of $82,000. This is calculated using this formula: C = A +MD where C is the consumer spending, A is the autonomous consumption spending, M is the marginal propensity to consume, and D is the disposable income. Thus, the calculation is C = $10,000 + (0.8)($90,000). Giving C a value of $82,000.
Answer:
The closest answer is 49.
Explanation:
Given that,
Annual demand, D = 43,000 units
Ordering cost, O = $200
Per unit cost of the item = $50
Annual holding cost, H = annual holding rate × Per unit cost of the item
= 35% × $50
= $17.5
= 991.39
= 992 units
Therefore,
Number of orders per year = Annual demand ÷ EOQ
= 43,000 ÷ 992
= 43.34
Hence, the closest answer is 49 and this is not given in the question.
