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Tcecarenko [31]
3 years ago
7

By how much would the quantity of labor demanded decrease if a minimum wage hike raised prevailing wages from $8 to $10 an hour

and if the elasticity of labor demand were 0.40?
Mathematics
1 answer:
Mademuasel [1]3 years ago
7 0

Answer:

it would decrease by 10%

Step-by-step explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price  

percentage change in price = ($10 - $8) / $8 = 0.25 x 100 = 25%

0.4 =  percentage change in quantity demanded / 25%

percentage change in quantity demanded = 25% x 0.4 = 10%

You might be interested in
A football team loses a total of 12 yards in 4 plays. On average how many yards did the team move the ball per play?
HACTEHA [7]

The team moved the ball -3 yards per play.

Step-by-step explanation:

Given,

Total yards lost = 12 yards

Total plays = 4 plays

As the yards are lost, therefore, we will use negative sign.

Yards per play = \frac{Number\ of\ yards}{Number\ of\ plays}

Yards per play = \frac{-12}{4}

Yards per play = -3

The team moved the ball -3 yards per play.

Keywords: division, unit rate

Learn more about division at:

  • brainly.com/question/2048256
  • brainly.com/question/2115122

#LearnwithBrainly

8 0
4 years ago
What is 12 equal to 4/5k
Gekata [30.6K]

Answer:

k = 15

Step-by-step explanation:

12/4/5 = 4/5/4/5 k

15 = k

OR

5/4 (12) = 4/5 (5/4) k  (multiply by the reciprocal)

15 = k

8 0
4 years ago
How can you represent constraints by absolute value equations?
Gala2k [10]

Answer:

The absolute number of a number a is written as

|a|

And represents the distance between a and 0 on a number line.

An absolute value equation is an equation that contains an absolute value expression. The equation

|x|=a

Has two solutions x = a and x = -a because both numbers are at the distance a from 0.

To solve an absolute value equation as

|x+7|=14

You begin by making it into two separate equations and then solving them separately.

x+7=14

x+7−7=14−7

x=7

or

x+7=−14

x+7−7=−14−7

x=−21

An absolute value equation has no solution if the absolute value expression equals a negative number since an absolute value can never be negative.

The inequality

|x|<2

Represents the distance between x and 0 that is less than 2

picture42

Whereas the inequality

|x|>2

Represents the distance between x and 0 that is greater than 2

picture43

You can write an absolute value inequality as a compound inequality.

$$\left | x \right |<2\: or

−2<x<2

This holds true for all absolute value inequalities.

|ax+b|<c,wherec>0

=−c<ax+b<c

|ax+b|>c,wherec>0

=ax+b<−corax+b>c

You can replace > above with ≥ and < with ≤.

When solving an absolute value inequality it's necessary to first isolate the absolute value expression on one side of the inequality before solving the inequality.

Sorry If its not what your looking for but i tried

4 0
4 years ago
The table shows values for functions f(x) and g(x) .
mart [117]

Answer:

-3 and -4

Step-by-step explanation:

f(x) = g(x) will be the input or x value at which f and g have the same output or y value. Look in the table where two numbers repeat right next to each other.

−6 −4 1

−5 0 2

−4 4 4

−3 8 8

−2 12 16

−1 16 32

0 20 64

The solution to f(x)=g(x) is both x = -4 and x=-3.

5 0
3 years ago
Please help!! Due in 30 minutes! Please send picture or something, I need the work lais out!! Thank you!
Sedaia [141]

Answer:

3,076

114,098

35,568

1,895

Step-by-step explanation:

27,684 ÷ 9 = 3,076

123,423 - 9,334 = 114,098

456 × 78= 35,568

20,845 ÷ 11 = 1,895

3 0
3 years ago
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