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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

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Conversion optimization is __________. investment that produces reliable month-over-month growth focused on attracting customers
Tju [1.3M]

Answer:

the process of testing hypotheses on elements of your site with the ultimate goal of increasing the percentage of visitors who take the desired action

Explanation:

Conversion optimisation is the process by which a framework is set up to increase the number of customers that complete a goal.

There is analysis of customer behaviour so that motivators are identified. This insight is used to persuade customers to take a desired action.

The hypothesis is tested and continuously optimised to drive customer action to perform tasks on the website.

6 0
3 years ago
As a current or future business owner, entrepreneurs need to be able to assess collateral in order to secure a possible
amm1812

Answer:

True

Explanation:

Collateral is an asset used as a guarantee or security for the payment of a loan. It assures the lender that a borrower will pay back the loan.

If an entrepreneur applies for a business loan, the bank will most likely demand collateral. The entrepreneur will need to offer an asset, either property or motor vehicle, that will act as a guarantee for the loan. Should the entrepreneur fail in repayment, the bank can sell the asset to recover their money.

Few, if any, will lend anyone money based on a business idea alone.  Many banks will demand a business proposal to be backed with some guarantee to secure funding.

3 0
3 years ago
Pentex and Marbro, small companies in the stationery business, each had a dollar gross margin of $20,000 during September 2014.
natima [27]

Answer:

20%

Explanation:

Since the gross margin is $20,000 and the gross margin percentage of Pentex is 10%, so from this information we can find out the sales value which  is shown below:

Gross profit percentage = Gross profit ÷ sales

10% = $20,000 ÷ sales

So, the sales would be $200,000

Since the Pentex sales is twice of Marbro

So, the Marbro sales would be half of Pentex sales

So, the Marbro sales would be $100,000

Now the Marbro gross profit percentage would be

= $20,000 ÷ $100,000

= $20%

8 0
3 years ago
Paul Solomon is the owner of Solly's, an upscale restaurant in Tampa, Florida. Each year, Paul spends about $150,000 in advertis
Papessa [141]

Answer:

E. systematic sample

Explanation:

Base on the scenario been described in the question, Paul Solomon the owner of Solly's, an upscale restaurant in Tampa, Florida, wants to know how good his advertising dollars is work, he hires Getty research to do this, Getty research advised to do a TOMA study, for Getty to draw it samples, they have to use systematic sampling.

Systematic sampling is a statistical method sampling that involves the selection of elements or members from a well ordered sampling frame.

4 0
2 years ago
Question 2 (multiple choice)
Paha777 [63]
A. $625.71
619+619×0.13/12
4 0
3 years ago
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