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sashaice [31]
3 years ago
12

According to Adam Smith, why do people work hard?

Business
1 answer:
MrRa [10]3 years ago
5 0

Answer:

Money

Explanation:

they need money because to live in a house get a car,food etec

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suppose that there were 25 people who had a reservation price of 500 and the 26th person had a reservation price of 200 what wou
jek_recluse [69]

Answer:

The demand curve would be a downward straight line graph.

Explanation:

This type of curve is referred to as inelastic demand curve because the decrease in price would not result to an increase in quantity purchased as explained by the question. Majority of the reservation, precisely 25 people from the question are willing to pay reservation proce of 500 as compared to one person whose reservation is different.

5 0
4 years ago
For a market to be competitive:______.
quester [9]

Answer:

Option A:

Each buyer and seller is small, relative to the whole market; no single decision maker has any influence over the market price.

Explanation:

A competitive market is a market that is characterized by free entry and exit. This means that any party has a right to enter the industry, do business, and leave it freely. In other words, no party or business holds enough stake to become a gatekeeper in that industry.

Furthermore, prices are determined by the forces of demand and supply, and cannot be arbitrarily set by any business.

No single decision maker has any influence over the market price.

This makes option A correct.

6 0
3 years ago
7. A fast-food chain plans to expand by opening several new restaurants. The chain operates two types of
garri49 [273]

≤

Explanation:

                               Drive through                Full Service

Annual revenue          200,000                       500,000

Cost                               100,000                        150,000

Income                           100,000                        350,000

Employee                            5                                   15

Income / employee         20,000                        23,333.33

Using simultaneous equation ,

Let X represent the drive through service  ,and Y represent the full service restaurant

Budget = 100,000x + 150,000y ≤ 2,400,000  (equation 1)

Employer = 5x + 15y ≤ 210   (equation 2)

(Divide equation 1 by 10 ,000)

                     10x+ 15y ≤ 240 (equation 3)

Using elimination method, multiply equation 2 by -2

                      10x +15y ≤240

                      -10x - 30y ≤-420

                        -15y ≤ -180

                             y≤ -180/-15

y = 12

substitute y = 12 in equation 3

10x + 15y≤240

10x +180 ≤240

10x≤240-180

10x≤60

x≤6

                   

12         1,800,000      180

6           600,000         30

6 drive through services and 12 full services should be opened.

                           6 Drive through                12 full service            20

Cost                             600,000                      1,800,000           2,400,000

Employees                      30                                 180

Net income                     600,000                    4,200,000

6 0
3 years ago
Joe was the head chef and owner of Corner Grill in Columbus. He had three employees. One of them, Joan, fell sick on Sunday. Joe
Thepotemich [5.8K]

Answer:If Ashton was made aware that he could be called in to cover for another employee during the hiring.Or he had stood in for another employee several times after being called and without calling back

Explanation:

4 0
4 years ago
Wages from an employer are the only source of income. true false
Korvikt [17]
False, you can get an income many other ways such as working for yourself and selling goods.
5 0
3 years ago
Read 2 more answers
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