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3 years ago

To improve its standard of living, a nation’s economy must

1 answer:

6 0

To improve its standard of living, a nation’s economy must reach economic equity. It is important that everyone has the capability to access basic services and amenities in a country. Such access is an indicator or a person’s ability to earn wealth.

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Why would a company want to avoid overworking its employees?

Amanda [17]

B seems like the most reasonable

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2 years ago

The number of taxicabs in Motorville and the taxicab fares are regulated. The fare currently charged is Rs.500 a ride. Motorvill

larisa86 [58]

Answer:

The answer is below

Explanation:

i) The price elasticity of demand is given by the formula:

$Price \ elasticity\ of \ demand=\frac{\Delta Q}{\Delta P} =\frac{\frac{Q_2-Q_1}{(Q_2+Q_1)/2} }{\frac{P_2-P_1}{(P_2+P_1)/2} } \\\\Price \ elasticity\ of \ demand=\frac{\frac{40-80}{(40+80)/2} }{\frac{600-500}{(600+500)/2} }=\frac{-2/3}{2/11} =3.667 (ignore \ the\ sign)$

Since the price elasticity of demand is greater than 1 hence it is elastic

ii) Since the price elasticity of demand is elastic as a result of increase in fare, hence the total revenue would decrease.

iii)

$Price \ elasticity\ of \ demand=\frac{\Delta Q}{\Delta P} =\frac{\frac{Q_2-Q_1}{(Q_2+Q_1)/2} }{\frac{P_2-P_1}{(P_2+P_1)/2} } \\\\Price \ elasticity\ of \ demand=\frac{\frac{120-80}{(120+80)/2} }{\frac{400-500}{(400+500)/2} }=\frac{0.4}{-2/9} =1.8 (ignore \ the\ sign)$

Since the price elasticity of demand is greater than 1 hence it is elastic

4 0

4 years ago

1. Why are fewer customers entering local bank branches?(Select all that apply)

ExtremeBDS [4]

Answer:

2.a. new account and loans, 3. b. make a deposit

4 0

3 years ago

Part II of the Lionbridge examination, Page Quality.

Nastasia [14]

Answer:

part2 contains web page quality part.

Explanation:

the best way to pass the lionbridge exam is exceptional preparation with a sharp eye. you have to answer at least 80% of the questions correctly

7 0

3 years ago

Read 2 more answers

A monopoly, unlike a perfectly competitive firm, has some market power. Thus, it can raise its price, within limits, without qua

yanalaym [24]

Answer:

The correct answer is: legal barriers.

Explanation:

A monopoly is a market structure where there is only a single firm, there is a restriction on the entry of firms. This gives firms a certain degree of market power.

The monopolies are able to retain their market power through restrictions on the entry of other potential firms. These restrictions are of different types such as exclusive ownership of a resource, legal barriers, increasing returns to scale.

In this particular scenario of patents, the barrier to entry is a legal barrier. The other potential firms are legally restricted to enter the market as they do not hold a patent.

7 0

3 years ago