I believe the correct answer is the first option. The labor supply curve is upward sloping because the opportunity cost of leisure decreases as wages decrease and the opposite of such is true as well. As one work one hour more, one will have less time for other activities. As the work rate increases in value, then the opportunity cost increases as well.
Dishes should be hand dried with a rag
Answer:
0.24
Explanation:
PLT restaurant sold 2500 lunch boxes for $10 last month
This month they sold increase price by $5 and sold 2,200 boxes
The first step is to calculate the percentage change in quantity
= 2500-2000/2500 × 100
= 300/2500 × 100
= 0.12 × 100
= 12%
The percentage change in price can be calculated as follows
= 10-5/10 × 100
= 5/10 × 100
= 0.5 × 100
= 50%
Therefore the price elasticity of demand can be calculated as follows
= 12%/50%
= 0.24
Answer:
C. S116,956.
Explanation:
The computation of the offer worth today is shown below:
Particulars 0 1 2 3 Total
Salary 3000 41000 43000 46000
PVIF at 6.75% 1.0000 0.9368 0.8775 0.8220
Present value 3000 38407.49 37733.99 37814.14 116956
<span>A marginal cost is one that is actually an added cost to somethign you already pay for like a product or a service. In this case, the best example would be like paying a textbook for a science course because you already pay for the course as a service, so paying for the textbook would be an added cost. You don't need it if you can learn from somewhere else, but it sure helps to have it.</span>