Answer:
The equilibrium quantity falls and the effect on the equilibrium wage of radiologists is indeterminate.
Explanation:
Here are the options to this question :
What is likely to happen to the equilibrium wage and quantity of radiologists following these twoevents?
A) The equilibrium wage and the equilibrium quantity of radiologists fall.
B) The equilibrium quantity falls and the effect on the equilibrium wage of radiologists is indeterminate.
C) The equilibrium wage falls and the effect on equilibrium quantity of radiologists isindeterminate.D
) The equilibrium wage and the equilibrium quantity of radiologists rise
As a result of event A, there would be a decrease in the demand for radiologists. As a result, there would be a leftward shift of the demand curve for radiologist. This would lead to a reduction in equilibrium price and quantity
As a result of event B, there would be a decrease in the supply radiologists. As a result, there would be a leftward shift of the supply curve of radiologist. This would lead to a reduction in equilibrium quantity and a rise in equilibrium price.
Taking these two effects together, the equilibrium quantity falls and the effect on the equilibrium wage of radiologists is indeterminate.
Answer:
5575
Explanation:
The computation is shown below;
<u>Factor Elasticity Increase Effective Increase
</u>
A B A × B
Capital 0.3 10% 3.00%
Labor 0.7 5% 3.50%
Increase due to Productivity 5.00%
Total Increase in Output 11.50%
(3% + 3.5% + 5%)
Original Output 5000
Increase in Output (5000 × 11.5%) 575
Increase Output (5000 + 575) 5575
Answer: Option A -- Choosing low is a weakly dominant strategy for Apple.
Explanation: Dominant strategy in a game theory can be defined as the course of action that occurs when one strategy/player is better than the other strategy/player regardless of what the other player does or how well the other player may play. dominant strategy is all about a player who has the highest favours in a game. Considering the above matrix, we know that Apple has the dominant strategy. And for apple to choose low is a weakly dominant strategy for it.
Income taxes, payroll taxes, and corporate income taxes.
Income taxes = individual employees pay out of their earnings
Payroll Taxes = social security tax, medicare, and unemployment tax. These are paid partially by the employees and partially by the employers
Corporate income taxes = paid by businesses as a percentage of their profits
Answer: Inelastic
Explanation:
Based on the information given, we would calculate the elasticity of demand which would be:
= (Change in Quantity / Change in Price) (Initial Price/ Initial Quantity)
Change in Quantity = 1800 - 2000 = -200
Change in Price = 50 - 40 = 10
Initial Price = 40
Initial Quantity = 2000
Elasticity of demand would then be:
= (-200/10)(40/2000)
= (-20)(0.02)
= -0.4
Since elasticity of demand is less than 1, it is an inelastic demand.
