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ASHA 777 [7]
3 years ago
12

Assume that the demand for bicycles increases significantly at the same time that there is an increase in the number of people q

ualified to make bicycles. What would happen to the market equilibrium quantity of labor and wage rate for the labor to produce bicycles
Business
1 answer:
yarga [219]3 years ago
6 0

Answer: The quantity of labor increases, and the effect on the wage rate is indeterminate.

Explanation:

The supply of people who can make bicycles has increased at the same time the demand for bicycles has increased. The supply curve would therefore shift to the right and so would the demand curve for labor. They will intersect at a new point where the quantity of labor has now increased.

Unfortunately, the effect on the wag rate would be indeterminate because the wage rate might just stay the same on account of the supply increasing along with the demand instead of either of them increasing unilaterally. When tis happens, the change is said to be indeterminate.

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Jars of pickles are sampled and weighed. sample measures are plotted on control charts. the ideal weight should be precisely 11
Anvisha [2.4K]

Answer:

c. both x-bar chart and r-chart.

Explanation:

When Jars of pickles are sampled and weighed, sample measures are plotted on control charts and the ideal weight should be precisely 11 oz.

Both x-bar chart and r-chart can be used to monitor the process.

The x-bar and r-chart in statistical process monitoring (spm) are quality control charts used to monitor the process mean and process variation simultaneously, based on samples collected in subgroups in a given time.

6 0
4 years ago
Jenny's bakery makes two types of birthday cakes: yellow cake, which sells for $25, and strawberry cake, which sells for $35. Bo
Marina86 [1]

Answer: Revenue is maximum at x=25 and y=0. That is when the firm makes only yellow cakes and no strawberry cakes.

Explanation:

x- Number of Yellow cakes

y- Number of Strawberry cakes

Time constrain is given by

2x+3y\leq 450

x\geq 0

y\geq 0

Revenue is given by,

TR= 25x + 35y

At the vertices, revenue is

At (0,0)

TR = $0

At (0,150)

TR = 25(0) + 35(150) = $5,250

At (225,0)

TR = 25(225) + 35(0) = $5,625

Therefore, Revenue is maximum at x=25 and y=0. That is when the firm makes only yellow cakes and no strawberry cakes.

4 0
4 years ago
If married and unmarried women respond similarly to a sale on perfume, these hypothetical segments fail the ________ criterion f
vladimir1956 [14]

Answer:  Differentiable criterion

                             

Explanation: In simple words, differentiable criterion refers to the phenomenon of market segments in which the producing entity differentiates its product on the basis of different customer base. The base can be set on the criteria of any factor like gender , age group or religion etc.

Under this criterion the producing entity produces the product by taking special considerations to the preferences of that particular customer group. In the given case two separate groups are responding similarly to a single product, hence, it fails differentiable criteria.

4 0
4 years ago
The Cash account of Gate City Security Systems reported a balance of 2400 at December 31​, 2018. There were outstanding checks t
olasank [31]

Answer:

Explanation:

gate City bank reconciliation statement as at December 31, 2018

Balance as per cash book                                 2400            

Direct payment to the bank (loan)        520            

Less bank charges                                   (30)                      

Add bank interest                                      20

Adjustment                                                              510

Adjusted cash book balance                                  2910

Balance as per bank statement                            3,810

Less outstanding check                            (1300)

Add deposit in transit                                   400

Adjustment                                                               (900)

Adjusted bank statement balance                          2,910    

8 0
3 years ago
1. Heather and Joe want the lowest interest rate for their residential mortgage. Which financial institution is designed to offe
gogolik [260]
By definition, a mortgage is loan that is used to purchase a property. The financial institutions can are designed to offer low interest rates on residential mortgages are commercial banks and loan associations. They often lead against the one-to-four family mortgages.
7 0
3 years ago
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