Answer:
0.74
Explanation:
Data provided in the question
Price level = 1.35
According to the given situation, the computation of the new value of the dollar is shown below:-
The New value of the dollar = 1 ÷ Price level
= 1 ÷ 1.35
= 0.74074
or
= 0.74
Therefore for computing the new value of the dollar we simply applied the above formula.
Answer:
The answer to both a and b is in the explanation below
Explanation:
a) The increase in wage can either decrease or increase the hours worked. This is became an increase in wage has both substitution effect and income effect that work in different directions. Substitution effect An increase in wage increases the opportunity cost of leisure, thereby making the worker increase number of hours worked. Income effect The increase in wage also makers the worker richer, thereby making the worker decrease number of hours worked.
Since no information about worker's preferences is given, we do not Imow which effect will dominate the other effect and, therefore, we do not know what the net impact of the increase in wage will be.
b) The bonus will only have income effect. The bonus will make the workers richer, thereby making the worker decrease number of hours worked.
If in part a), the substitution effect and income effect are equal in magnitude, then there will be no change in the number of hours worked. The number of hours worked will remain the same at 2000 hours. Since the employer would be paying $5 extra on each hour worked, the cost to the employer of increase in wage would be $10,000 (=2000 x $5), which is the same as the bonus in part b).
Answer: Post conventional level
Explanation:
The Benjamin are at the post conventional level of the moral development as, the post conventional profound quality is the most worthy phase of profound quality in Kohl berg's model, where people have built up their very own arrangement of morals and ethics that they use to drive their conduct.
Post conventional level is the third and last degree of Kohl berg's ethical improvement scientific categorization where people enter the most abnormal amount of spirit advancement.
Therefore, post conventional level is the correct option.
Answer: potential of avoidance of risk
Explanation: In the given case, Fred need to show to the court that the foreseeable risk could be avoided or reduced on the part of company. Fred can point that no instructions or warnings were given by the company on the use of the shredder.
Thus, if Fred manages to prove that he got injured due to carelessness ogf the company then he can definitely succeed.
Answer: Register for E-Tax has (3) steps:
1. Complete and submit ttconnect ID Registration form
2. Activate your ttconnect ID
3. Visit a ttconnect Service center
