Answer:
<em>The solution is explained in the explanation section below</em>
Explanation:
Solution:
(a) <em>In the economy there exist 100 workers. the wage of reservation to take risky job for worker 1 is $1 and $2 for worker -2. only 10 jobs is seen as risky.</em>
<em>The curve of supply is shown as upward which starts from 1, because the price of reservation for the first worker is 1 and 2 is for the second worker and it keeps going on like that.</em>
<em>The demand curve is seen as elastic in a perfect form, due to the fact that there are only 10 risky jobs.</em>
<em>The 10th worker price is $10, because is wage differential is $10</em>
<em>(b) The worker's altitude towards taking risky jobs has changed, because of the advertisement. the wage reservation is -10$ for the first worker and -$9 for the second worker.</em>
<em>Th jobs seen as risky is available are only 10</em>
<em>However, as a result of the campaign advertisement, the curve of supply moves down and the market equilibrium gets is gotten when the wage differential is -$1. most people on the daily basis dislike risk, but the market determines those risky jobs that will pay less than the safe ones. </em>
Answer:
63.54% (Approx)
Explanation:
The computation of the budgeted percentage contribution margin ratio is shown below:-
For computing the contribution margin ratio firstly we need to calculate the contribution margin in dollars
Contribution margin = Sales - Variable cost
= ($480,000 - $175,000)
= $305,000
Contribution margin ratio = Contribution margin ÷ Sales
= ($305,000 ÷ $480,000)
= 63.54% (Approx)
<span>This is true because there is no way for service providers to be able to control the emotional state of their customers. Even if a service provider is very friendly and helps the customer adequately, there is no way to ensure that the customer will be satisfied with the service/in a stable emotional state.</span>
Answer:
D
Explanation:
A change in quantity supplied is as a result of a change in the price of the good. This change in the price leads to a movement along the supply curve. If price increases, there is an upward movement up along the supply curve and if there is a decrease in price, there is a movement down the demand curve.
A change in supply is caused by other factors other than price. Some of these factors include :
- A change in the number of suppliers
- The cost in the price of raw materials needed in the production of the good.
A change in supply leads to a movement outward or inward
