1. The revenue of gingerbread decreases as the years go on.
2. Gingerbread was close to reaching $25000 of revenue in 2007
3. Peanut butter had the least amount of revenue
Answer:
a(I).Q4, (ii). W3.
(b). Q4.
(c). (i) and (ii). Check Explanation
Explanation:
Note: Kindly check the attachment for the graph. The solution to the question is given below;
(a). Using the labels from the graph above, identify each of the following.
(i) The optimal quantity of labor Larry’s Lumber Mill will hire will be at a point in which marginal cost = marginal revenue which is point Q4
(ii). The wage rate Larry’s Lumber Mill will pay is at a point in which the Marginal revenue = marginal cost that is at point W3.
(b). Using the labels from the graph above, the number of workers Larry’s Lumber Mill would hire if the labor market were perfectly competitive is Q4.
(c). (i). Larry’s Lumber Mill’s demand for labor increase which will cause a shift to the right on the demand curve. This is so, because as the demand for housing increases, the demand for lumber will increase too.
(ii). The supply is lesser than the demand which will cause a shift to the left on the supply curve.
Answer:
He said that his father was a cultured man, that he was unsentimental. His father rarely showed his feelings, and was more involved with the welfare of others than with that of his own kin. I'm not sure what the others saw other than him being weak and frail.
By using a woodstove, the kilograms of wood required to
heat a room to 20°C is 3 kg
<h3>Efficiency of a machine</h3>
- Efficiency is the percent of work put into a machine (input work) to that of the work done by the machine (output work).
- Efficiency of a machine is always less than 100% because the output work is always less than the input work because some of the input work is used to overcome friction.
Efficiency = work output/work input * 100%
Efficiency of fireplaces = 15%
Amount of food required to heat a room to 20°C = 15 kg
Assuming efficiency of 100%, amount of wood required will be X kg:
X = 15% * 15 kg
X = 2.25 Kg
By switching to woodstoves which are 75% efficient, amount of wood required will be Y kg:
Y = 2.25 kg / 75%
Y = 3 kg
Therefore, by using a woodstove, the kilograms of wood required to
heat a room to 20°C is 3 kg
Learn more about efficiency of machines at: brainly.com/question/3617034
