Answer: 1.60
Explanation:
P1 = 30
P2 =50
Q1 = 6
Q2 = 16
Elasticity of supply:
= 1.60
Using the midpoint method, the elasticity of Deborah’s labor supply between the wages of $30 and $50 per hour is approximately 1.60, which means that Deborah’s supply of labor over this wage range is elastic.
In the fiscal policies of governments, automatic stabilizers are meant to correct and stabilize the fluctuations that arise within the economy of nations. The policy tools that are considered automatic stabilizers are;
- A progressive income tax structure
- Government unemployment benefits
At times, the economy of a nation might experience shocks and destabilizations. These policy tools listed above are meant to generate taxes from the citizens that would cushion the effects of these shocks.
They help to increase the flow of money in the economy when it is passing through difficulties like recessions.
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There are 650 homes.
Owners list their homes on the average, every six years.
Therefore average number of homes listed per year is
650/6 = 108.333 homes
If a sales associate lists 40% of the homes in a year, she can expect to list
40%*108.333 = 0.4*108.333 = 43.33
We cannot have fractional homes, so the sales associate lists 43 homes per year.
Answer: 43 homes
Answer:
A. Review the budget to identify other areas where costs can be cut.
Explanation:
In the case when the vendor increased the material cost that planned and the increased cost would also be placed in your project i.e. over budgeted so the first thing you should do is review the budget by identifying the areas where the cost cutting to be done
Therefore as per the given situation, the option A is correct
And, the rest of the options are incorrect
Answer:
a) Inform you that you have won the lottery or a large prize.
