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iren [92.7K]
3 years ago
10

Ginny is a college student who lives in Detroit and provides math tutoring for extra cash. At a wage of $50 per hour, she is wil

ling to tutor 10 hours per week. At $65 per hour, she is willing to tutor 19 hours per week. Using the midpoint method, the elasticity of Ginny’s labor supply between the wages of $50 and $65 per hour is approximately , which means that Ginny’s supply of labor over this wage range is .
Business
1 answer:
weeeeeb [17]3 years ago
7 0

Answer:   Approximately 2.37

Elastic over this range  

Explanation: As we know that, as per the midpoint method elasticity of supply is calculated as :-

Elasticity\:=\:\frac{Q2-Q1}{P2-P1}\times \frac{P2+P1}{Q2+Q1}

where,

Q2 = 19

Q1 = 10

P2 = 65

P1 = 50

now, putting the values into equation we get :-

Elasticity\:=\:\frac{19-10}{65-50}\times \frac{65+50}{10+19}

= 2.37

So, we can say that over this range Ginny's supply is elastic .

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A group of university students toys coconuts from farmers' markets. The students consume the meat of the coconuts for food and u
Karo-lina-s [1.5K]

Answer: The free- rider problem

Explanation:

 The free-rider problem is one off the type of economical issue that cause the market failure problem due to the unsystematic distributing of the various types of goods resources and also the services.

This type of problem is basically occur due to the overuse or degradation of the products and the resources.

According to the given question, the free rider problem is one of the example that best illustrating the given scenario. The main cause of the free rider problem is due to the unequal use of the resources and also the public goods without paying for their particular share.  

 Therefore, The free-rider problem is the correct answer.

7 0
4 years ago
Shawn exchanges a factory building for an apartment building in a qualifying like-kind exchange. The factory has a basis of $350
Setler [38]

Answer:

a.$30,000

b.The alternative i could suggest to Shawn is that he may sell the factory building instead of him to purchase the apartment building in order for him to recognize the loss which will inturn lower his taxes.

Explanation:

a. Calculation of what is Shawn’s realized gain or loss and the basis of the apartment building

Since Shawn tend to received the apartment building which has a Fair Market Value of $320,000 in exchange of his $350,000 worth of factory , this means he had a lost of $30,000 which is calculated as ($320,000-$350,000) which can therefore be deferred

b. The alternative i could suggest to Shawn is that he may sell the factory building instead of him to purchase the apartment building in order for him to recognize the loss which will inturn lower his taxes.

6 0
3 years ago
1. 9.4. For process scheduling, does a low-priority value represent a low priority or a high priority?
sergeinik [125]

Answer:

Priority programming is a process programming method based on priority. In this technique, the developer chooses the tasks to work according to priority, which is different from other types of programming, for example, a simple round-robin.

On UNIX and many other systems, higher priority values represent lower priority processes. Some of the systems, such as Windows, use the opposite convention: a higher number means a higher priority

Explanation:

Priorities can be dynamic or static. Static priorities are assigned during creation, while dynamic priorities are assigned according to the behavior of the processes while they are in the system. To illustrate, the planner could favor intensive input / output (I / O) tasks, allowing expensive requests to be issued as soon as possible.

Priorities can be defined internally or externally. Internally defined priorities make use of a measurable amount to calculate the priority of a given process. On the contrary, external priorities are defined using criteria beyond the operating system (OS), which may include the importance of the process, the type and sum of the resources used for the use of the computer, user preferences , trade and other factors such as politics etc.

7 0
3 years ago
Read 2 more answers
Antoine transfers property with a tax basis of $535 and a fair market value of $652 to a corporation in exchange for stock with
Dimas [21]

Answer: $438

Explanation:

Antoine's tax basis in the stock received in the exchange will be gotten as the adjusted basis of asset exchanged which will then be decreased by the liability assumed on the property that's transfered. This will be:

= $535 - $97

= $438

Therefore, Antoine's tax basis in the stock received in the exchange is $438.

8 0
2 years ago
Fund flows that occur within a quarterly reporting period are referred to as _______________ cash flows.
valentina_108 [34]

Answer:

The options are

A. Inter period

B. Intra period

C. Regular

D. Irregular

The answer is B. Intra period

Intra period cash flow is defined as the flow which occurred in a certain period of time. In the example above , the cash flow occurred within quarterly reporting period of time.

6 0
3 years ago
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