In order to satisfy the needs and wants that people have, businesses must combine factors of production. The factors of

a consumer faces a tradeoff between labor (????) and leisure (????). she consumes a composite good (????). when the consumer wor

disa [49]

Trade-off

A trade-off is a situational decision in which one quality, quantity, or feature of a set or design is reduced or lost in exchange for gains in other areas. A tradeoff occurs when one thing increases while another must decline.

What is consumer's real wage?

Real earnings are salaries that have been factoring in inflation, or wages in perspective of the amount of services and goods that may be purchased.

Main Content

$606

Given the answers to the question, the complete or implicit income of the consumer would be determined as follows:

When the customer works, she earns an hourly wage of $17.00, therefore when she works for 24 hours, she will earn:

=$17 $\times$ 24

=$408

Also, when the customer sells all the 17 units of the composite good, she will earn:

=$11 $\times$ 18

=$198

Therefore, the customer's full income would be:

=$408+$198

=$606

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6 0

1 year ago

Si para cierta cantidad de un bien su demanda es elástica el ingreso total será creciente

joja [24]

Answer:

Literally like everyone here speaks english

Explanation:

3 0

3 years ago

Gardening supplies are hot now but they haven’t always been why is this true of other businesses too

marusya05 [52]

Answer:

look i don't care...

Explanation:

just joking i don't know that question

3 0

3 years ago

Olivia bought a $1,874 sprinkler system with her credit card. Her credit card has an APR of 10.31%, compounded monthly. She made

Radda [10]

Answer:

Percentage of the total lifetime cost of the system that the original price made up = 59.07%

Explanation:

The monthly payments for the sprinkler system can be calculated using the formula for calculating the present value of an ordinary annuity as follows:

PV = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

PV = Present value or original price of the sprinkler = $1,874

P = Monthly payment = ?

r = Monthly interest rate = APR / 12 = 10.31% / 12 = 0.1031 / 12 = 0.00859166666666667

n = number of months = number of years of payment * 12 = 4 * 12 = 48

Substitute the values into equation (1) and solve P, we have:

$1,874 = P * ((1 - (1 / (1 + 0.00859166666666667))^48) / 0.00859166666666667)

$1,874 = P * 39.1976732321759

P = $1,874 / 39.1976732321759

P = $47.81

Therefore, we have:

Total payment for the sprinkler = Monthly payments * Number of months = P * n = $47.81 * 48 = $2,294.88

Total cost in water = Cost in water per week * Number of weeks in a year * Number of years that Olivia kept the sprinkler system = $2.11 * 52 * 8 = $877.76

Total lifetime cost of the system = Total payment for the sprinkler + Total cost in water = $2,294.88 + $877.76 = $3,172.64

Percentage of the total lifetime cost of the system that the original price made up = (Original price of the sprinkler / Total lifetime cost of the system) * 100 = ($1,874 / $3,172.64) * 100 = 59.07%

4 0

3 years ago

The type of listing agreement that provides for payment of a commission to the broker even though the owner makes the sale witho

nasty-shy [4]

The type of listing agreement that provides for payment of a commission to the broker even though the owner makes the sale without the broker's aid is called an exclusive right to sell a listing.

Listing of exclusive distribution rights

Listing of exclusive distribution rights is the most commonly used contract. In this type of listing agreement, an agent is appointed as the sole agent of the seller and has exclusive authority to represent the property.

A California Realtor Listing Agreement is an agreement that authorizes a broker to sell an owner's property on their behalf. The contract allows them to list the property, but in most cases gives them exclusive rights to the property transaction and potentially earnable commissions.

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5 0

2 years ago