Answer: The correct answer is "B). substitution effect is stronger than the income effect."
Explanation: A higher wage rate will lead to increases in the amount of laborsupplied if the substitution effect is stronger than the income effect, this happens because this happens because if the substitution effect is stronger than the income effect increases the additional benefit for a worker.
Because if the income effect were greater than the substitution effect the worker would earn more in less time and decrease the amount of labor supplied.
Answer:
The bond was issued at a premium of $ 155.89
Explanation:
In determining whether the bond was issued at premium or discount,it is important to ascertain the price at which the bond was issued first and foremost.
In arriving the price of he bond, all of the future cash flows of the bond are discounted to present values using the discounting factor 1/(1+r)^N
Find detailed calculation in the attached.
$15.00 .....this sentence is just filler because $15.00 is too short.
The equilibrium between possible threats and prospective compensation is known as risk/return trade-off.
Answer:
Using the four levels of measurement (nominal, ordinal, interval, ratio), the most appropriate for this data "types of restaurants (fast food, organic food, seafood, etc.) measurement is the ratio.
Explanation:
Ratio defines the degree of the relationship between some types of restaurants and the whole restaurant system. Specifically in mathematics, a ratio is a comparison of some two or more numbers that indicate their sizes in relation to each other. It compares two quantities by division. The dividend or number being divided is termed the antecedent. The divisor or the number that is dividing the dividend is termed the consequent.
