Answer:
-0.136 and $528
Explanation:
Given that
p = 50 - 0.5Q
where,
Q = 88
So, p equals to
= 50 - 0.5 × 88
= 50 - 44
= $6
As it is mentioned that
p = 50 - 0.5Q
0.5Q = 50 - p
Q = 100 - 2p
And we know that
Price elasticity of demand is
= Percentage Change in quantity demanded ÷ Percentage Change in price
So,
= -2 × (6 ÷ 88)
= -0.136
And, the revenue is
= Price × Quantity
= $6 × 88
= $528
Answer and Explanation:
Movement along the demand curve in the labor market occurs when there is any change in wages of labor. An increase in wage rate will lead to decrease in quantity of labor demanded. As a result, demand curve will move upwards and vice versa.
Reasons other that increase or decrease in price such as demand for the respective product, will lead to shift in demand curve. For example, an increase in the demand for a particular good will increase the demand for labor that will produce the product. An increase in demand for labor in this case will shift the demand curve rightwards and vice versa.
Answer:
the best possible answer is keep the marginal costs below marginal revenue.
Some of
the ways that you could find costumes for your film are the following:
<span>1. </span><span>It would first help to have actors that already look like they belong in the 1970’s. Having the authentic
look can help sell the costumes even more. </span>
<span>2.</span> Relying on second-<span> hand/low-budget
vintage stores would be the way to go.</span>
<span>3. </span><span>Go to a Fabric store or some place online and
order fabric to create, If there were a piece that
couldn’t be find and needed in the film.</span>
The purpose of a budget is to use good judgement in order to pay your bills and budget your money. Good judgement is mostly important because you need to be able to use good judgement to determine what bills are "needs" and what bills are "wants." This makes it so you take care of everything. The other reason I would put, is to be sure you can order your bills from most important to least important. So that you can take care of the most important "needs" before the less important "needs." Like you might need a phone, but having the unlimited plan might be a want, so the phone bill wouldn't be as important as the electric bill, even though both are needs.
