Answer: D) buyers would scramble to get all available widgets.
Explanation:
The law of demand states that more quantity is demanded at a lower price, therefore if producers move prices from P3 to P1 there would be an increase in quantity of widgets demanded. Buyers would scramble to get all available widgets wich will create a shortage in the market
The answer is A assigning the responsibility of completing a task to another
Answer:
E
Explanation:
has no interest in whether the euro grows stronger or weaker versus the Brazilian real unless its chief competitors are other companies located in countries whose currency is also the euro.
Answer:
hello your question is incomplete attached below is the complete question
A ) $7.766
B ) 4350 workers
C ) 61777.20
D ) $33782.10
Explanation:
A) Real wage = 4 * 
where ; K = 120000, L = 7000
hence Real wage = 7.06 before 10% increase
After 10% increase ; Real wage = 7.06 + (7.06 * 0.1 ) = $7.766
B) employment ( L )
= 
= 4350 workers
C) Output
Y = 5 ( 120000 )^0.2 * (7000)^0.8
= 61777.20
D) Total amount earned by workers
L * W = 4350 * 7.766
= $33782.10
Answer:
Explanation:
Regular pay = annual pay/hrs per week * no of weeks in a year * no of regular hrs.
Regular pay = (($90,000/(37 * 52)) * 56) = $2,619.54
Holiday pay = (($90,000/(37 * 52)) * 14) = $654.89
Gross pay = regular pay plus holiday pay
= $2,619.54 + $654.89
= $3,274.43
