Answer:
We can deduce that the elasticity of the labor supply is greater than 1 the labor supply is considered elastic
Step-by-step explanation:
The formula to use is the following:
Elasticity = (Change in working hours / Average working hours) / (Change in wage rate / Average wage rate)
we replace the data
Elasticity = [(7 - 3) / (7 + 3) / 2] / [(50 - 30) / (50 + 30) / 2]
Elasticity = [4 / (10/2)] / [20 / (80/2)]
Elasticity = (4/5) / (20/40)
Elasticity = 0.8 / 0.5
OUTCOME
Elasticity = 1.6
We can deduce that the elasticity of the labor supply is greater than 1 the labor supply is considered elastic
PEMDAS
3 ( x - 7 ) = 9 ( 4x + 5 )
3x - 21 = 36x + 45
-36
-33x - 21 = 45
+21
-33x = 66
------ ------
-33 -33
x = -2
Your answer should be -2
I hope this helps!
Given that r = (7,3,9) and v=(3,7,-9), evaluate r + v. A. (-21,-21,81) B. (10,10,0) C. (21,21,-81) D. (-10,-10,0)
ololo11 [35]
Answer:
B. (10, 10, 0)
Step-by-step explanation:
Each component of the sum is the sum of corresponding components:
r + v = (7, 3, 9) +(3, 7, -9) = (7+3, 3+7, 9-9) = (10, 10, 0)
