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USPshnik [31]
4 years ago
15

You can either take a bus or drive your car to work. A bus pass costs $5 per week, whereas driving your carto work costs $60 wee

kly (parking, tolls, gas, etc.). You spend half an hour less on a one-way trip in your carthan on a bus. How would you prefer to travel to work if your wage rate is $10 per hour? Will you change3 your preferred mode of transportation if your wage rate rises to $20 per hour? Assume you work five days aweek and time spent riding on a bus or driving a car does not directly enter your utility.
Business
1 answer:
sukhopar [10]4 years ago
5 0

Answer:

Explanation:

At a wage of $10/hour

Cost of a bus pass - $5

Two way trip =$10

Weekly bus trip = 10*5 -$50 (to & fro)

Extra time spent with bus 5hr (to & fro)

(leisure time are charged at wage rate )

Extra wage forgone with bus = 10*5= $50

the cost of earning extra if i drive =$60

Cost outweighs benefit

I will prefer to go by bus.

But if wages increase to $20

Leisure time valued at $20, Extra wage forgone = 20*5 = 100

Cost of earning extra if i drive by car = $60

If i drive the car . i will save extra time that worth a benefit of $40/week

If the wage increase to$20 , i will prefer to drive my car.

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b.$4.43.

Explanation:

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As FIFO method is used first the beginning inventory and started units will be accounted for.

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Work in process, November 30th                          24,200

The beginning inventory was 60% complete as to materials and 20% complete as to conversion costs.

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4 years ago
If we are moving from a large value to a small value we move the decimal point to the
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Answer:

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4 0
4 years ago
You find a fossil, and through careful study you find that only one-sixteenth of the carbon-14 that it once contained is still r
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The correct answer is:

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It was found that the carbon-14 atom had decayed until only \frac{1}{16th} of the original size is still remaining.

Now, let us first find how many half lives are in one-sixteenth, and that is \frac{1}{2}* \frac{1}{2}* \frac{1}{2}* \frac{1}{2} = \frac{1}{16}. so it means that there are 4 half lives in one-sixteenth, and since one half life takes approximately 5700 years, therefore 4 half lives will take 4×5700 yr = 22, 800 years, but at this point (22,800 years ago)the fossil has already half-life, therefore the additional age is to add the number of years it took to decay that half life. hence the age of fossil is:

22,800 + 5700 = 28, 500 years

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