Answer:
(a) 0; 0
(b) $150 per hour; $16.67 per hour
(c) (b) $150 per hour; $53.57 per hour
Explanation:
(a) Number of hours = 125
Marginal cost = 0 (since service is cost less upto 200 hours)
Average cost = 0
(b) Number of hours = 225
Marginal cost = $150 per hour
Total cost = $150 × (225 - 200)
= $150 × 25
= $3,750
Average cost = Total cost ÷ Number of hours
= $3,750 ÷ 225
= $16.67 per hour
(c) Number of hours = 325
Marginal cost = $150 per hour
Total cost = $150 × (325 - 200)
= $150 × 125
= $18,750
Average cost = Total cost ÷ Number of hours
= $18,750 ÷ 325
= $53.57 per hour
Answer:
C) luxury item, an increase
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price.
An elastic demand means a small change in price leads to a greater change in quantity demanded.
A luxury good is a good that isn't a necessity. They are usually bought as a status symbol.
Luxury goods usually have elastic demands.
Emeralds are luxury goods and if there's a fall in price of emeralds the quantity demanded of emeralds would rise.
I hope my answer helps you
Credit cards and Payday loans
The option available for Roddie would be "Roddie has no options under ADEA."
To understand this, we need to go through the terms of 'Age Discrimination Policy in Employment Act;'
- This Act covers the cases of employees or workers aging either 40 or above who have suffered age-based discrimination.
- The people aging under 40 are not covered under this act and hence, the benefits can not be reaped by them in any situation.
- This law doesn't allow the process of giving preference to an older employee over the younger to be considered illegal.
Hence, Roddie has no available options under ADEA as he is below 40(in fact only 30 years old) and he cannot claim under ADEA for justice.
Learn more about 'Age Discrimination in Employment Act (ADEA)' here: brainly.com/question/7239617
