1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Zolol [24]
3 years ago
5

The wage is currently $20 per hour. There is no non-labor income.

Business
1 answer:
Eva8 [605]3 years ago
6 0

Answer:

The curve for budget constraint is shown in picture.

Explanation:

See attached picture.

You might be interested in
The difference between total assets of a firm and its total liabilities is called_______.
Gnom [1K]

The difference between the total assets of a firm and its total liabilities is called <u>net worth</u>.

Net worth is the value of all of your property, minus the whole of all your liabilities. Positioned every other manner, it's miles what you personal minus what you owe. If you owe extra than you own, you have got a bad internet worth. if you very own greater than you owe you will have a nice net well worth.

Net worth is the price of all of the non-economic and economic assets owned with the aid of a man or woman or group minus the fee of all its fantastic liabilities. Net actual worth is the cost of all assets, minus the whole of all liabilities. placed any other manner, internet well worth is what's owned minus what is owed.

The meaning of total assets is all of the property or objects of cost, a small commercial enterprise owns. Included in total belongings are coins, bills receivable (cash thanks to you), inventory, devices, equipment, and so on.

Learn more about Net worth here brainly.com/question/12371230

#SPJ4

4 0
1 year ago
Flint Corporation issues $440,000 of 9% bonds, due in 9 years, with interest payable semiannually. At the time of issue, the mar
aleksklad [387]

Answer:

$414,282.91

Explanation:

The issue price of the bonds is also known as the Present Value (PV) or current price of the Bonds and is calculated as :

FV = $440,000

PMT = ($440,000 x 9%) ÷ 2 = $19,800

P/yr = 2

N = 9 x 2 = 18

I/yr = 10%

PV = ?

Using a Financial calculator to input the values as above, the PV or issue price will be $414,282.91

4 0
3 years ago
Radner Shipping purchased a truck and a trailer for $90,000. An appraisal has set the fair market values of the truck and the tr
Monica [59]

Answer:

Truck $54,000

Explanation:

Basket purchase price of assets is always pro rated in ratio of their fair values

=90,000*(60,000/100,000

=54,000

Truck=$54,000

Trailer=90,000-54,000=$36,000

3 0
2 years ago
Suppose the demand for good x is lnqxd = 21 - .8lnpx - 1.6lnpy + 6.2lnm + .4lnax. then we know that the own-price elasticity for
serg [7]

Answer: Inelastic

Explanation:

The coefficients in a log-log model represent the elasticity of your dependent variable with respect to your independent variable. In other words, the coefficient in a log-log demand model is the estimated percent change in Q_{xd} with respect to a percentage change in the independent variables like P_{x}, P_{y}, M, A_{x}, etc.

Thus, coefficient of P_{x} represents the elasticity of demand for good X with respect to Price of good x. So, Own-price elasticity of good x is 0.8.

Since this is less than 1 the good is relatively inelastic.

5 0
2 years ago
Dawn's bridal boutique is having a sale on evening dresses. The increase in consumer surplus comes from the benefit of the lower
torisob [31]

Answer:

both existing customers who now get lower prices on the gowns they were already planning to purchase and new customers who enter the market because of the lower prices.

Explanation:

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.

Consumer surplus = willingness to pay – price of the good

Let assume that the price before the sale and after the sale is $1000 and $800. The willingness to pay of customer A is $1500 and for customer b is $900

consumer surplus of customer A before sale = 1500 - 1000 = 500

consumer surplus of customer A after sale = 1500 - 800 = 700

consumer surplus of customer B before sale =  0

consumer surplus of customer B after sale = 900 - 800 = 100

consumer surplus of both customers increase

6 0
2 years ago
Other questions:
  • Market failure occurs when a company goes bankrupt.<br> a. True<br> b. False
    10·2 answers
  • Write a short paragraph explaining the difference between the fastest growth and largest growth industries from a numerical pers
    11·1 answer
  • At the East Haven Fire Department the stress of the situation, the dispatcher’s reaction to those situations, and the impact of
    7·1 answer
  • Klivinich is a manufacturer of oral hygiene products. In addition to manufacturing and selling oral hygiene products, Klivinich
    8·1 answer
  • The president wishes to increase spending for education by $4 billion but also maintain a balanced budget. Therefore, taxes will
    9·1 answer
  • Nicole Corporation's year-end 2017 balance sheet lists current assets of $741,000, fixed assets of $592,000, current liabilities
    12·1 answer
  • An externality arises when a firm or person engages in an activity that affects the wellbeing of a third party, yet neither pays
    10·1 answer
  • A builder and a wealthy landowner entered into a written contract whereby the builder would build on the grounds of the landowne
    8·1 answer
  • A market that has no barriers to entry and many small firms selling products that are slightly different from one another is bes
    9·1 answer
  • One of Christina’s colleagues works with her on developing a more standards-driven environment in her classroom. The two teacher
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!