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Answer:
2.75, elastic.
Explanation:
Measure labor supply elasticity of Individual T's as follows :





Therefore, the elasticity of the labour supply of Individual T's is approx. of earnings per hour. <u>2.75</u>, meaning that the work supply of Person T's is <u>elastic</u> across this wage range
I do believe this statement to be true
Answer:
$15,000,000
Explanation:
The amount, related to the defined benefit plan that the company should report in the year-end financial statements as a liability in connection with the defined benefit pension plan in the balance sheet is <u>the net off Projected Benefit Obligation and Fair value of the plan assets.</u>
<u />
<u>Hence, P</u>rojected benefit obligation at year end $60,000,000 - The fair value of the plan assets at year-end is $45,000,000 is $15,000,000
<u>The firm has a funded plan and reports a $15,000,000 net assets</u>