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torisob [31]
2 years ago
6

Certain skilled labor, such as hair cutting, requires licensing or certification. This is costly and takes a long time to acquir

e. If this licensing requirement were removed, the price elasticity of supply for haircuts would: multiple choice decrease, or become less elastic, because more people could enter the occupation. decrease, or become more elastic, because more people could enter the occupation. increase, or become more elastic, because more people could enter the occupation. increase, or become less elastic, because fewer people could enter the occupation.
Business
1 answer:
Arisa [49]2 years ago
3 0

Answer:

Certain skilled labor, such as hair cutting, requires licensing or certification. This is costly and takes a long time to acquire. If this licensing requirement were removed, the price elasticity of supply for haircuts would: increase, or become more elastic because more people could enter the occupation.

Explanation:

Can I get brainly

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Mike begins an excavation on his land to construct a new building. The excavation causes a subsidence in neighboring lands and b
aalyn [17]

Answer:

Molly may not recover damages.

Explanation: According to land act molly may not recover damages.

  • Land law act is the body of law dealing with the right to exploit, alienate or exclude others from the land. In many countries, these forms of land are referred to as property or real estate, as distinct from personal property.
  • Through statute, a landowner has the right to the lateral protection of neighboring properties.
  • From the lands of your neighbors but your neighbors have the right to dig their land.
  • The neighbor's weight was the primary cause of the damage caused by ...

7 0
3 years ago
In the book Romeo and juliet what is Juliet's dads name​
Amiraneli [1.4K]

Answer:

Lord Fulgencio Capulet

Explanation:

8 0
3 years ago
People are willing to pay a higher price if they believe that supplies are ______.
ratelena [41]
C. Limited

If you have a small amount of product/resources that means that it is rare, and therefore more valuable.

For example, in the U.S. economy, there is a limited amount of currency, and that is what makes the currency valuable.

Or the better example, in a game like Minecraft, the resource "diamond ore," is only worth value to the player because it is a Limited resource, and it does not spawn often.

Hope this helps!
4 0
2 years ago
Read 2 more answers
At the beginning of 2013, Barcroft Co. estimated that its total annual fixed overhead costs would amount to $25,000. Further, Ba
Varvara68 [4.7K]

Answer:

b. Products were overcosted in 2013

Explanation:

When determining the cost of a product, we consider only the Overheads Applied.

<u>Applied Overheads are calculated as :</u>

Pre-determined Overhead Rate <em>multiplied by </em>Actual Activity

<u>Predetermined Overhead Rate is calculated as follows :</u>

Budgeted Overheads <em>divided by</em> Budgeted Activity

Predetermined Overhead Rate = $25,000/2,000 units

                                                     = $ 12.50 per unit

Applied Overheads = $ 12.50 per unit × 2,200 units

                                 =  $ 27,500

The Overheads Applied are then <em>Compared to</em> Actual Overhead Cost to determine is the Overheads where Over or Under Applied

<u>Therefore our case presents the following:</u>

Applied Overheads ($ 27,500) >Actual Overheads ($25,000)

Therefore, we have an Over-Application situation.

Over-Applied Overheads are $2,500

3 0
3 years ago
Aerotron Electronics has just bought a used delivery truck for $15,000. The small business paid $1,000 down and financed the res
dimaraw [331]

Answer:

Nominal interest rate =  12.23%

Explanation:

Given - Aerotron Electronics has just bought a used delivery truck for

            $15,000. The small business paid $1,000 down and financed the  

             rest, with the agreement to pay nothing for the entire first year and  

             then to pay $526.83 at the end of each month over years 2, 3, and

             4 (first payment is in 13th month).

To find - a. What nominal interest rate is Aerotron paying on the loan.

Proof -

As given ,

Price - $15,000

Down Payment - $1,000

⇒Loan Payment = $15,000 - $1,000

As given,

He will not pay for the entire first year. After that he will pay $526.83 for next 3 years.

Now,

Interest rate for 1 month = r %

So,

Loan after 1 year = 14,000( 1 + r)¹²

And

Annuity factor = \frac{1}{r} - \frac{1}{r}. \frac{1}{(1+r)^{t} }

and t = 3 years = 36 months

Now,

As we know,

Monthly loan payment = \frac{Loan amount}{Annuity factor}

⇒$526.83 = 14,000( 1 + r)¹² / \frac{1}{r} - \frac{1}{r}. \frac{1}{(1+r)^{t} }

By solving we get

r = 1.019%

Now,

Nominal interest rate = 1.019%×12 = 12.23%

7 0
3 years ago
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