Answer:
1. Overtime rate is $20.175
2. Total earnings are $699.4
Explanation:
1. OT rate - Overtime is typically paid at a rate of 1.5 times the normal hourly rate
OT rate = 1.5 x $13.45
OT rate = $20.175
2. Total earnings for John Porter
Sunday trip = $20.175 x 3 hours =+$60.525
Week normal hours = $13.45 x 40 hours = +$538
Training session = $20.175 x 5 hours = +<u>$100.875</u>
Total earnings <u>$699.4</u>
The answer for Blank 1: C. total value of the money supply
The answer for Blank 2: D. number of citizens.
GDP per capita describes the average economic output that a single citizens had produce in a certain year.
In order to calculate this, we need to find out the total value of the money supply by adding total Consumption, investments, Government spending, and net export. After this, we divide the total value of the money supply with the number of populations in a country to find the average economic output.
Answer:
The correct answer is option a.
Explanation:
The monthly total revenue is $5,000.
The marginal cost of producing 19th, 20th and 21st unit is $200.
Laura will earn profit if the price is able to cover marginal cost.
Total revenue is the product of price and quantity.
Price of cake when Laura produces 19 units
= 
= 
= $263.15
Price of cake when Laura produces 20 units
= 
= 
= $250
Price of cake when Laura produces 21 units
= 
= 
= $238.09
So we see that the price is able to cover marginal cost till 21st units, so Laura should produce more than 20 units and go on producing till price becomes equal to marginal cost.
Answer:
The answer is -0.5
Explanation:
I will attach a jpg file explaining the procedure used in obtaining the answer. I used the midpoint formula to calculate for percentage change in Quantity and Price, before calculating the Price-elasticity coefficient.
Answer: $7200
Explanation:
From the question, we are informed that most home insurance policies cover jewelry for $1,000 and silverware for $2,500 unless items are covered with additional insurance. If $4,700 worth of jewelry and $6,000 worth of silverware were stolen from a family.
The amount of claim that would not be covered by the insurance will be:
= ($4,700 - 1,000) + ($6,000 - 2,500)
= $3,700 + $3,500
= $7,200