1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
krok68 [10]
3 years ago
8

Sam has two jobs, one for the winter and one for the summer. In the winter, he works as a lift attendant at a ski resort where h

e earns $13 per hour. During the summer, he drives a tour bus around the ski resort, earning $11 per hour. Assume that Sam has an upward-sloping labor supply curve. If the opportunity cost of Sam's leisure time increases, he will respond by working:__________
Business
1 answer:
viktelen [127]3 years ago
3 0

Answer:

more hours

Explanation:

Opportunity cost of the next best option forgone when one alternative is chosen over other alternatives

time is a limited resource that has to be shared between work and leisure. If the opportunity cost of leisure increases, it means he is giving up more work to rest. As a result, he would increase his work hours

You might be interested in
There is conflict and distrust in the team. Glen, the team leader, doesn't think the team members are working enough. The team m
iogann1982 [59]

There is conflict and distrust in the team. Glen, the team leader, doesn't think the team members are working enough. The team members, on the other hand, don't think Glen trusts them to do their jobs. You want to resolve this conflict and make sure it doesn't happen again-<u>This can be achieved by using Conflict Management technique</u>

Explanation:

<u>Conflict in the workplace is inevitable and is a painful reality and is the major reason   for poor productivity and frustration among the employees.If conflict is managed in a proper way it can lead to increase in employees productivity.The strategist that can be used are:-</u>

<u>1) Understand the situation. </u>

Understanding/listening  both the side of the story before resolving the conflict is very important

<u>2) Acknowledge the problem. </u>

Acknowledging the frustration and concerns of the employees is an important step in resolving the conflict. what might seems to be a small problem to an employee may be a big problem for another person

<u> 3)Be patient while making decision. </u>

Information evaluation require time.Do not take any decision related to conflict management quickly,try to understand and resolve the situation.

<u>4)Avoid using coercion and intimidation. </u>

Emotional outbursts or coercing people may stop the problem temporarily, but do not fool yourself into thinking it is a long-term solution. Odds are the problem will resurface. At that point not only will you have the initial problem to deal with, but also the angry feelings that have festered below the surface during the interim.

<u>5) Focus on the problem, not the individual. </u>

Most people are known to be a  “problematic individual” during their work but one must avoid their  own pre-conceived notion or attitude about individuals and should focus on problem resolution.

<u>6) Establish guidelines. </u>

setting guidelines before the meeting

<u>7) Keep the communication open. </u>

Allow both the parties to keep their points on the conflict and then try to identify the real cause of conflict.

<u> 8. Act decisively. </u>

Communicating  to all the parties involved, and reviewed all the circumstances, and then take  your decision and act. Don’t leave the issue in limbo.

6 0
3 years ago
Consider a $1,000 par value bond with a 9% annual coupon. The bond pays interest annually. There are 20 years remaining until ma
Vinvika [58]

Answer:

The multiple choices are:

a. $1132

b. $1044

c. $ 962

d. $1153

e. $ 988

The correct option is C,$962

Explanation:

The price a rational and prudent investor like me would be willing to pay for the bond today is the present worth of future cash inflows receivable from the bond issuer,which comprises of annual coupon interest and the face value at maturity.

=-pv(rate,nper,pmt,fv)

rate is required rate of return expected by investor of 10%

nper is 5 years since the investor intends to hold the bond for 5 years

pmt is the annual coupon interest=$1000*9%=$90

fv is the face value of $1000

=-pv(10%,5,90,1000)=$962.09

The current  price is $962

4 0
4 years ago
The _____ was established by Congress to encourage American firms to focus on quality improvement in order to improve their glob
V125BC [204]

Answer:

The correct answer is: Baldridge Performance Excellence Program.

Explanation:

To begin with, the <em>"Baldridge Performance Excellence Program"</em> is the name given to the program that was established by the United States of America in order to encourage the companies of the country to improve their performance regarding the economy and the globalization that was happening at the time the program was created. It receives its name from the ex secretary of commerce Malcom Baldridge and the award gives to the company selected the recognition of having performance excellence in the its field  

5 0
3 years ago
A monopolist that practices perfect price discrimination a. creates no deadweight loss. b. charges one group of buyers a higher
adoni [48]

Answer:

A monopolist that practices perfect price discrimination

  • a. creates no deadweight loss.

Explanation:

Theoretically, if a monopolist is able to practice perfect price discrimination:

  1. marginal revenue curve = demand curve
  2. consumer surplus = 0
  3. every customer pays the highest amount that they are willing to pay
  4. production level = perfectly competitive level of output

4 0
3 years ago
Blue technologies manufactures and sells dvd players. great products company has offered blue technologiesâ $22 per dvd player f
jolli1 [7]

The expected increase in revenues is $2,20,000 .

The expected increase in costs is $1,40,000.

The Selling price per unit for the new 10,000 units order is $22. So, increase in revenues is to the extent of (10,000 × $22).

The question assumes excess capacity, hence fixed expenses will remain the same. The increase in Variable costs to the extent of (10,000 × $14) will contribute to an increase in costs.

4 0
3 years ago
Other questions:
  • The owner of Showtime Movie Theaters, Inc., would like to predict weekly gross revenue as a function of advertising expenditures
    6·1 answer
  • Manufacturing output in the u.s. continues to increase. the high unemployment of skilled workers who previously worked in the ma
    7·1 answer
  • Which of the following securities could NOT have any benefits for diversification with your investment portfolio? a.Treasury bil
    6·1 answer
  • The yield to maturity on a bond is:
    6·1 answer
  • Keeping in mind what you did in the lab this week, do you think that determining the volumes of your solid samples (rubber stopp
    7·1 answer
  • If you were using the discounted cash flow method to determine the appropriate value of a security, you would want to purchase t
    9·1 answer
  • Your company is estimated to make dividends payments of $2.1 next year, $3.6 the year after, and $4.2 in the year after that. Th
    13·1 answer
  • Entrepreneur respond to the incentives of profit <br><br> A. True <br><br> B. False
    6·1 answer
  • PLEASE HELP ASAP::::
    15·1 answer
  • Four years later: Rural mothers' and employers' perspectives on breastfeeding barriers following the passage of the Affordable C
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!