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Effectus [21]
3 years ago
5

Ana is a stay-at-home parent who lives in Dallas and provides math tutoring for extra cash. At a wage of $25 per hour, she is wi

lling to tutor 4 hours per week. At $40 per hour, she is willing to tutor 10 hours per week. Using the midpoint method, the elasticity of Beth's labor supply between the wages of $25 and $40 per hour is approximately (______ ), which means that Beth's supply of labor over this wage range is (_____ ).
Business
2 answers:
fiasKO [112]3 years ago
8 0

Answer:

1.86 and elastic

Explanation:

The computation of the price elasticity of supply using the mid point method is shown below:

= (change in quantity supplied ÷ average of quantity supplied) ÷ (percentage change in price ÷ average of price)  

where,  

Change in quantity supplied is

= Q2 - Q1

= 10 - 4

= 6

And, average of quantity supplied is

= (10 + 4) ÷ 2

= 7

Change in price would be

= P2 - P1

= $40 - $25

= $15

And, average of price would be

= ($40 + $25) ÷ 2

= 32.5

So, after solving this, the price elasticity of supply is 1.86

Since the price elasticity is more than one so it is a elastic

mote1985 [20]3 years ago
4 0

Answer:

Beth's Elasticity of Supply (Midpoint Method) : 10.11 ; Supply : Highly Elastic

Explanation:

By Midpoint method , Elasticity of supply formula is :-

<u>[ Q2 - Q1 ] / [ (Q2 + Q1)/2 ]</u>

[ P2 - P1] / [ (P2 + P1) / 2 ]

Putting the given following values in the formula ; we get :-

P1 = 25 ; P2 = 40 ; Q1 = 4 ; Q2 = 10

<u>[ 40 + 25 ] / [ (40 - 25) / 2] </u>

[ 10 - 4 ] / [ (10 + 4) / 2 ]

<u>65 / 7.5 </u>

6 / 7

8.6 / 0.85

= 10.11

Beth's Elasticity of supply is much higher than one ; So his supply is Highly Elastic.  

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On August 5, 2021, Blossom Furniture shipped 50 dining sets on consignment to Furniture Outlet, Inc. The cost of each dining set
Gennadij [26K]

Answer:

$15,960

Explanation:

The total profit on units sold for the consignor:

= Sales Value - Cost of Goods Sold - Shipping Expenses - Commission - Advertising Expenses - Installation and setup costs

= (40 × $720) - (40 × $220) - [$1,850 × (40/50)] - ($28,800 × 5%) - $470 - $650

= $28,800 - $8,800 - $1,480 - $1,440 - $470 - $650

= $15,960

5 0
3 years ago
What was a part of the emerging social, political, and economic philosophies that characterized the first hundred days of Frankl
Anastaziya [24]

Answer:

"Try something and if it doesn't work, admit it and try something else."

Explanation:

When I took US Government, my teacher always emphasized that FDR was probably the best American President, and things like this really show why he admired him so much. Can you imagine those words coming out of the mouth of a modern politician?

Many people like to compare President Obama's first term with FDR's first term, but I believe that Obama had it easier. Not because the recession wasn't bad, but because it was fresh and new. President Bush's handling of the crisis was disastrous, but they messed up only for about one year. When FDR took office, the depression had been around for several years, so the negative effects were much greater.

When FDR took office the country was ravaged and nobody was sure that the new policies would work or not, or even what policies they should have implemented. That is why they engaged in a trial and error type of strategy where several options were explored to try to see what could work and what couldn't.

8 0
3 years ago
Indicate how each of the following transactions affects U.S. exports, imports, and net exports.
Oxana [17]

Answer:

 export               import                net export  

1. increases         unchanged         increases

2. unchanged       increases             decreases

3.  unchanged       increases             decreases

4. unchanged       increases             decreases

5. increases         unchanged         increases

Explanation:

export would comprise of goods and services produced in the US that are been sold to foreign countries

Import would comprise of foreign produced goods and services that are been sold in the US

Net export would increase when export occurs and decrease when import occurs

Net export = exports – imports

When the French historian visits the US museum and the European family visits Disney,  they are enjoying US services, thus export increases and net export increases

The purchase of books from Cambridge in UK, Panasonic camera and the visit to Japan constitutes import. These increases import and reduces net export

7 0
3 years ago
Which of the following occupations would be best suited for someone with an intuitive-feeling style?A. Public relations B. Adver
Hitman42 [59]

Answer:

Politics

Public relations

Explanation:

There are 4 styles of learning namely:

- Sensing uses their senses to understand the world. They verify first for themselves them they believe

- Intuitive perceives inner meaning in how people relate with each other. Usually they don't just take what they see but look for deeper significance.

- Thinking the individual looks at facts and verifiable information. Thinks in terms of cause and effect.

- Feeling is based on like and dislike. They don't use logic but rather implied meaning of actions.

So for a intuitive-feeling style are those who continuously seek for self expression. They are not comfortable with routine tasks. Do not like following set procedures but act intuitively.

These set of people will do better on politics of public relations

6 0
3 years ago
Which of the following three factors affects an employee's motivation
kvasek [131]

Answer:

There are three major components of motivation which are (i) direction, (ii) intensity, and (iii) and persistency (Fig 1). Direction is a goal which forces the employees to perform an act to achieve the targets.

Explanation:

make sure to follow me and mark me as the brainliest

3 0
3 years ago
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