A. 1% increase in the price of the good causes the supply curve to shift upward by 4 percent.
Liberal humanism is a philosophical stance that highlights the agency and value of human beings, both individually and collectively.
I believe the answer is b
The selling price per hat is mathematically given as
S=$62
<h3>What is t
he selling price per hat?</h3>
Direct labor hours required to produce first 100 hats=10hr
Direct labour cost =20hr*60$/hour = $1200
Other Direct cost =100hats*19$/hat = $1900
Total Direct cost. = $3100
Selling price is 200% of Direct production cost
$3100*200% = $6200
The selling price per hat = $6200 / 100hats
The selling price per hat = $62
In conclusion, The selling price per hat = $62
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Answer:
a) see attached image
b) Friday's slope = 1/2
c) Kwame's slope = 1/3
d) Kwame's budget line since it includes 60 fish on one side and 20 coconuts on the other.
e) Kwame is willing to pay more fish per coconut