Answer:
1.63
Explanation:
The computation of the pricing elasticity of supply using the midpoint method is shown below:
= (change in quantity supplied ÷ average of quantity supplied) ÷ (percentage change in price ÷ average of price)
where,
Change in quantity supplied would be
= Q2 - Q1
= 1,100 - 500
= 600
And, the average of quantity supplied is
= (1,100 + 500) ÷ 2
= 800
Change in price would be
= P2 - P1
= $0.80 - $0.50
= $0.30
And, average of price would be
= ($0.80 + $0.50) ÷ 2
= 0.65
So, after solving this, the price elasticity of supply is 1.63
Answer:
Output per worker will increase
Explanation:
Specialization means work is subdivided into smaller tasks. Each individual is assigned the task which suits them the most. In specialization, the individual focus on the assigned tasks only. They do the same job every day for a prolonged time.
By concentrating on a specific task, an employee becomes an expert on that job. Their efficiency increases, which results in an overall higher productivity per worker.
Answer: yeah, I do. Also, Happy holidays! or in Hawaiian we say Mele Kalikimaka which means Merry Christmas! I'm part Hawaiian.
Answer:
As interest rates are increased, consumers tend to save because returns from savings are higher. With less disposable income being spent, the economy slows and inflation decreases.
Explanation:
The correct answer for the question is (D) he should enroll in a bachelor’s degree program at a university and seek an apprenticeship with someone in the field.
Nicholas needs to do this since to get a job as a Probation Officer, he needs to at least have a Bachelor’s degree in sociology, psychology, or criminal justice. After attaining any of these qualifications, he can seek apprenticeship before finally attaining a position as a Probation Officer.
