Answer: B) Demand will most likely be elastic
Place yourself in the shoes of the employer. To them, demand is them needing/wanting workers. Specifically we call this "labor demand". The supply is the potential or current worker providing the service and/or making the product.
If the price goes up, then this means the worker earns higher wages. This in turn causes labor demand to fall. So the employer will be less likely to hire more workers if the wages increase. It's similar to how if the price of an item goes up in a store, then less people are probably going to buy it.
Demand is elastic because a small change in price causes a large change in demand. The company is going to be sensitive to wage changes. The company sees that it is approaching the diminishing returns, so it is likely to scale back on labor to save costs. It's all about trying to minimize costs and maximize revenue. Often, revenues can't be changed very much since customers are themselves sensitive to price changes (assuming there are substitutes in the market), so the company will turn to trying to reduce costs as much as possible leading to maximum profit.
Since you are given that the student registered early, the total number you deal with is all students who registered early.
211 + 329 = 540
number of undergraduates who registered early = 211
Among students who registered early:
p(undergraduate) = 211/540
Answer:
(or 2352637)
Step-by-step explanation:
(or 2352637 for exact value)
The formula is for slope is y2-y1/x2-x1 so 3- -1 = 4 and -2 - 4 = -6 so it would be 4/-6
28. 8x3=24 add four which gives you 28.
