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2 years ago

What do you feel would be a minimally acceptable rate of pay?

1 answer:

8 0

Of course, this will be really dependent on the type of job that you do and the state where you live.
Take me for example. I'm an accountant that live in Manhattan. Since it's generally more expensive compared than other state and accounting is considered a pretty high-skilled job, i would accept no less than $ 35 per hour.

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A disadvantage of adding a salad bar to a school lunch menu would be ?

bearhunter [10]

The cost of adding more options. Supply and demand: would the students want to have salad for lunch, or would it go to waste?

5 0

3 years ago

Read 2 more answers

A nondiscriminating monopolist:

max2010maxim [7]

Monopolists do not prefer to produce in the when the demand for a good produced by them is inelastic. Option B is the correct answer.

It is common to observe that monopolists, avoid engaging production when the demand for their product becomes inelastic.
In order to understand this situation, it is important to address the meaning of inelastic demand.
The term 'inelastic demand' refers to a situation where the demand for a product does not increase/decrease (change) when there is an increase/decrease (change) in its price.
This does not lead to profits for a monopolist.
It is because, a firm will be able to secure profits by producing lower amounts of goods for a higher price when the demand is elastic.
Hence, when the demand is inelastic, the increase in the quantity will be sold at the previous standard price, leading to a fall in terms of the total revenue.

Therefore, it is clear that a monopolist will not produce when the demand for a good is inelastic.

Learn more about Demand Elasticity here:

brainly.com/question/5078326

#SPJ10

3 0

1 year ago

You are the curator of a museum. The museum is running short of funds, so you decide to increase revenue. What should you do to

SVETLANKA909090 [29]

Answer and explanation:

Demand elasticity measures the changes in quantity demanded as the result of changes in price. Demand elasticity is calculated by dividing the percentage change in quantity demanded by the percentage change in price. If the result is equal or higher than one (1) the product is elastic but if the result is lower than 1 the product is inelastic.

In the case, as the elasticity of demand of the museum ticket is 0.45 it means the museum tickets is inelastic. This scenario implies that in front of changes of price the quantity demanded will not change. Thus, as a curator of the museum you should increase the museum ticket price to increase revenue.

3 0

2 years ago

Allocation of resources is inefficient only if:________

weqwewe [10]

Answer:

 we produce the goods and services that people value less

Explanation:

Remember, an inefficient activity is one that fails to achieve maximum productivity with minimum wasted effort.

Let's take for example a mobile producer (manufacturer) decides to allocate its resorces into producing laptops. However, it later determined that the allocated resources were inefficient since most consumers according to a survey now prefer tablet computers. The company received low sales volume as result.

6 0

2 years ago

After the amount due on a sale of $30,400, terms 2/10, n/eom, is received from a customer within the discount period, the seller

Elenna [48]

Answer:

a. The amount refund owed to the customer is : $29,792

b. To record the refund and the return of merchandise:

Dr Sales returned and Allowances $30,400

Cr Sales Discounts $608

Cr Cash $29,792

(to record the refund of $30,400 sales with sales discount of $608 made)

Dr Merchandise Inventory $13,060

Cr Cost of Merchandise sold $13,060

(to record the impact of the $30,400 sales refund on cost of merchandise sold and merchandise inventory)

Explanation:

- Further explanation for sell discounts calculation:

As the terms is 2/10, total discount had been given as calculated below:

$30,400 x 2% = $608.

3 0

3 years ago