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3 years ago

12

Which type of data usually saves time and money by providing fast access to more data than one person or company could realistic

ally collect on it's own?
Primary

Secondary

1 answer:

maks197457 [2]3 years ago

3 0

It is SECONDARY........

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Shelly’s preferences for consumption and leisure can be expressed as U(C, L) = (C – 100) * (L – 40). This utility function impli

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Answer:

Explanation:

U(C, L) = (C – 100) × (L – 40)

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where,

C- consumption

w - wages

t - taxes

L - Leisure

(b) Given that,

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C = 420

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$MRS=\frac{C-100 }{L-40}$

$MRS=\frac{320}{60}$

= 5.33

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C = 320

Reservation wage:

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$MRS=\frac{220}{70}$

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(d) At optimal level,

$\frac{C-100}{L-40}=\frac{10}{1}$

C - 100 = 10L - 400

C - 10L = -300

C = 10L - 300

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A company prepares its income statement by listing all sources of revenues and gains at the top, followed by a list of all expen

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Answer:

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The single step income statement is the simplest form in which an income statement is prepared, e.g.

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Sales revenues $100
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Expenses:

Rent expense $30
Utilities expense $10
Wages and salaries $60 <u>($100)</u>

Income before taxes $20

Tax expenses <u> ($4.20)</u>

Net income $15.80

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