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JulsSmile [24]
3 years ago
13

Jones, who is currently unemployed, is a participant in three means-tested welfare programs: food stamps, rent stamps, and day c

are stamps. Each program grants him $150 per week in stamps, which can be used like cash to purchase the good or service they cover. If benefits in each program are reduced by 30 cents for each additional dollar Jones earns in the labor market, how will Jones’s economic position change if he accepts a job paying $120 per week?
Business
1 answer:
NemiM [27]3 years ago
3 0

Answer:

New Income= $234

Explanation:

Giving the following information:

Each program grants him $150 per week in stamps, which can be used like cash to purchase the goods or services they cover. If benefits in each program are reduced by 30 cents for each additional dollar.

New job=120

Program= 150 -  0.30*120= $114

Income= 120 + 114= $234

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Wyzard Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbishe
muminat

Answer:

Wyzard Corporation

The revenue variance in the Revenue and Spending Variances column of a performance report comparing actual results to the flexible budget for July would have been closest to: ________

$1,800 F

Explanation:

a) Data and Calculations:

                                            Fixed Element  Variable Element   Actual Total

                                                per Month      per Container       for February

                                                                        Refurbished

Revenue                                                              $3,800                 $123,400

Employee salaries and wages  $40,000            $1,100                  $73,800

Refurbishing materials                                          $700                   $21,800

Other expenses                        $29,700                                         $28,800

Revenue variance

Budgeted revenue (flexible) = $121,600 ($3,800 * 32)

Actual revenue                          123,400

Variance                                       $1,800

4 0
3 years ago
The classical model assumes that wages and prices A. are flexible in the long run but not in the short run. B. are always comple
PtichkaEL [24]

Answer:B. are always completely flexible

Explanation:The classical theory proposes that all markets reequilibrate because of adjustments in prices and wages which are flexible. For instance, if an excess in the labor force or products exist, the wage or price of these will adjust to absorb the excess. If prices and wages are flexible, markets reequilibrate.

Wages are said to be flexible when they respond to changes in supply and demand and lead to the market clearing wage being set. It implies that the wage will be set by the Marginal Revenue Product of labour and marginal cost of labour. Any change in supply and demand for labour will lead to a change in the wage rate.

The importance of wage flexibility arises from the fact that, in most macroeconomic models, we find an inverse relationship between wages and employment.

3 0
3 years ago
Households receive a total income of $5 million. Of this, $3.5 million are wages received for laborservices, $1 million are rent
kumpel [21]

Answer:

profit = 250,000

Explanation:

Factor Income is derived from the sum of the Factor of Production

Labor, Land, Capital and Enterprise

Income = wages + rent + interest + profit

To get profit, which is the retribution for the entrepreneur we post our know values and solve for p.

5,000,000 = 3,500,000 wages + 1,000,000 rent + 250,000 interest + p

5,000,000 - 3,500,000 - 1,000,000 - 250,000 = p

p = 250,000

3 0
3 years ago
Hoi Chong Transport, Ltd., operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is drive
Anit [1.1K]

Answer:

A. Variable cost per unit 0.075 per kilometer

Fixed cost $7,998

B. Y= 0.075 + 7,998X

Explanation:

A. Calculation to estimate the variable and fixed cost elements of the annual cost of the truck operation.

First step is to calculate the operating cost if the Truck is driven 129,000 kilometers during a year in which the average operating cost is 13.7 cents per kilometer

​Operating cost= 129,000 x 13.7/100

​Operating cost= $17,673

Second step is to calculate the operating cost if Truck is driven only 86,000 kilometers during a year in which the average operating cost increases to 16.8 cents per kilometer.

Operating cost = 86,000 x 16.8/100

Operating cost =$14,448

Calculation for VARIABLE COST PER UNIT using this formula

Variable cost per unit = (Highest activity cost - Lowest activity cost)/(Highest activity - Lowest activity)

Let plug in the formula

Variable cost per unit= $17,673-$14,448)/(129,000-86,000)

Variable cost per unit= 3,225/43,000

Variable cost per unit= 0.075 per kilometer

Calculation for FIXED COST using this formula

Fixed cost = Highest activity cost - Highest activity x Variable cost per kilometer

Let plug in the formula

Fixed cost= $17,673 - 129,000 x 0.075

Fixed cost= $17,673 -$9,675

Fixed cost=$7,998

Therefore the variable is 0.075 per kilometer and fixed cost elements of the annual cost of the truck operation is $7,998

B. Expression of the variable and fixed costs in the form Y = a + bX.

Y = a + bX

Y= 0.075 + 7,998X

Therefore the variable and fixed costs in the form Y = a + bX will be Y= 0.075 + 7,998X

8 0
3 years ago
What main nutrients does a cola drink have?
Rzqust [24]

Answer:

coke dont have nutrients

Explanation:

coke be killin u lol

3 0
3 years ago
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