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3 years ago

The circles shown to the right are similar but not exactly the same. this is an example of

Business

1 answer:

kumpel [21]3 years ago

4 0

This is an example of variation. The coefficient of variation, also referred to as the Spearman coefficient of variation, is a statistical measure that informs us about the relative dispersion of a data set. Its calculation is obtained by dividing the standard deviation<span> between the absolute value of the average of the set and it is usually expressed as a percentage for its better understanding.</span>

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Suppose the local market for legal services has an upward sloping supply curve, PL = 150 +0.0001QL where PL is the price of lega

Margaret [11]

Answer:

C) $50,000,000

Explanation:

The aggregate rent is the surplus earned by the lawyers for operating over their cost at this market equilibrium.

In the picture attached, the rent is showed graphically.

At PL=$250 per hour, the amount of demanded hours is QL=1,000,000.

The oportunity cost at a zero hours level is PL(0)=$150.

The rent can be calculated as:

$Rent=\frac{QL_{equil} x (PL_{equil}-PL_0)}{2}\\\\\\Rent=\frac{1,000,000*(250-150)}{2}= \frac{1,000,000*(100)}{2}=50,000,000$

The aggregate rent is $50,000,000.

8 0

3 years ago

Read 2 more answers

Joey's first task as a new employee at a Technology firm is to write a computer program to perform a predictable task. Joey can

sveticcg [70]

Answer: Option A

Explanation: In simple words, critical thinking refers to the process under which an individual or an entity analyse and evaluate their objectives with the intent of forming a judgement for then purpose.

In the given case, joey has a wide variety of alternatives to choose to how to perform then task and the supervisor will form judgement about his work on the basis of the choices he made for the work assigned.

7 0

3 years ago

Does the market system result in allocative efficiency? in the long run, perfect competition

Inga [223]

C.

Allocative efficiency in simple terms basically means there is no wastage, therefore if producers produce at price equals marginal coat, they are producing at the point where consumers are willing to pay that final price. Refer to the poorly drawn diagram for reference.

7 0

4 years ago

Brainliest help mee please get this correct

denis23 [38]

Answer:

it should be c

Explanation:

8 0

3 years ago

In contrast to folk customs, popular customs diffuse ____________ across the earth=s surface to locations with a wide variety of

N76 [4]

<span>rapidly; physical conditions; economic development; material possessions. This discusses the differences between folk customs and popular customs. The dissemination of information and knowledge about culture can be spread very quickly depending on the above factors, which include total population, proximity, environment, and abilities.</span>

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3 years ago