Answer:
John
Explanation:
Protected classes are a group of people who are qualified to be protected by law against discrimination based upon following basis:
- Race
- Religion
- National Origin i.e a person's nationality
- Age
- Sex: i.e gender based discrimination
- Pregnancy
- Familial status i.e individuals with family and kids or without family and kids
- Disability
- Veteran i.e the ones who have served armed forces
- Genetic Information or genes/ genetics of an individual
Since age is included as a basis of discrimination against which members of protected classes are protected, John's age being thirty years cannot be held against him if he is capable and qualified for a particular work.
Degree or academic qualification is not included under above basis and hence Kelly will not be included in members of protected classes.
The deadweight loss is $90.6.
<h3>How to calculate the loss?</h3>
The study suggested that the average recipient's valuation of the gift received was approximately 90% of the actual purchase price of the gift.
This means there's a loss of 10% in value constitute the deadweight loss.
Average amount spent on gift = $906
Percentage loss in value = 10% or 0.10
Calculate the deadweight loss -
= Average amount spent on gifts * Percentage loss in value
DWL = $906 * 0.10
The deadweight loss would be $90.6.
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A study by university of minnesota economist, joel waldfogel, estimated the difference in the actual monetary value of gifts received and how much the recipients would have been willing to pay to buy them on their own. the study suggested that the average recipient’s valuation was approximately 90% of the actual purchase price.
Calculate the deadweight loss if the average amount is $906.
Answer: A monopolistic company will produce to the point where the marginal cost is equal to marginal income, which is the production point called optimal.
Marginal Income = Marginal Cost
In other words, from that point the company is not able to obtain more profit if it increases its production. Because it happens that the cost of producing one more unit is greater than the marginal income for that unit, it would be necessary to reduce the level of production because it is excessive.
As in a situation of perfect competition the company is accepting price, then it sells its product at the price given by the market, so its optimal point will be: Marginal Cost = Marginal Income = Price
C Ethan
because that is who u are refering to.
