The quantity equation of money describes what happens to prices and real output after an expansionary monetary policy. If the money supply increases by 8%, the price level increases by about 8 and the growth rate of output will be close to 0%%. Therefore option (A) is the correct answer.
In economics, the quantity equation of money is used to explain the relationship between the money supply, velocity, and prices in an economy. The equation is MV = PQ, where M represents the money supply, V represents the velocity of money (i.e. the rate at which money changes hands), P represents the price level, and Q represents real output or real Gross Domestic Product (GDP).
If the money supply increases, then the quantity of money in circulation will increase. This means that there will be more money available for people to spend, which could lead to an increase in prices or real output (i.e. the quantity of goods and services produced by an economy).In the short run, if the money supply increases by 8%, then the price level will increase by about 8%.
This is because the growth rate of prices is directly proportional to the growth rate of the money supply. Output, on the other hand, may not increase by 8% because it depends on a variety of factors such as technology, capital, and labor. Therefore, the growth rate of output will be close to 0%. The growth rate of prices will be close to 0% if there is no change in the money supply. Option (A) is the correct answer.
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Isa bought goods on credit from Ammar. The goods had a list price of $1000 but Ammar allowed Isa trade discount of 10% and cash discount of 4%.
How much did Isa have to pay Ammar?
Answer:
$600 correct me if im wrong
During the past few decades, the percentage of our income spent on health care: Group of answer choices has increased due to an aging U.S. population. has decreased due to costly advances in medical technology. has increased due to advanced demand-and-supply distribution of health care facilities. has decreased due to increased regulation and decreased administrative costs. has decreased due to the reduction in health care costs.
Answer:
Has increased due to an aging U.S. population
Explanation:
Health care spending as percentage of GDP
The US is said to have had the highest health care spending of about 17.1% of GDP when compared to France of 11.6%, Sweden, Germany, Netherlands and other countries.
The United States is said to be the only advanced economy that tolerates having a significant portion of its citizens uninsured as well as have the largest private market for healthcare financing of any nation. The US also use or spend more per capital on health care services than any other nation, but has some of the poorest health outcomes.
Affordable Care Act
This law was set up to increase the access to existing insurance programs, instead to redesign the entire insurance system., it also serves to provide federal funding to expand access to insurance, while giving room for state differences in implementation of the law. and increase private health insurance markets, subject to extensive federal regulations etc.
The table shows the terms of a fixed-rate mortgage.
Which accurately describes the terms of this mortgage? Check all that apply.
The homeowner is borrowing $360,000.
The monthly interest rate is 4 percent.
Monthly payments must be made for 30 years.
The annual interest rate is 4.8 percent.
The homeowner is borrowing $200,000.
Monthly payments must be made for 360 years.
The fixed-rate mortgage concept is used in home loans. Monthly payments for 30 years, the interest rate is 4.8%, and borrowing $200,000.
What is a fixed-rate mortgage?It is usually used in home loans with a fixed interest rate during the term of the loan. It is beneficial because once the rate of interest is fixed it is not influenced by the increase in the rate in the future.
C - Monthly payments for 30 years.
D - The interest rate is 4.8 % annually
E - borrowing $200,000.
Therefore, options C, D, and E explain the fixed-rate mortgage.
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At the beginning of the year, Trust estimates overhead to be $700,000, machine hours to be 200,000, and direct labor hours to be 35,000.
Based on the information provided, Trust has estimated its overhead for the year to be $700,000.
Additionally, Trust has estimated that it will use 200,000 machine hours and 35,000 direct labor hours during the year.
This information is likely being used by Trust to develop a predetermined overhead rate, which is used to allocate overhead costs to products or services based on their use of production resources. The predetermined overhead rate is calculated by dividing the estimated total overhead costs for the year by the estimated total amount of the allocation base, which in this case is either machine hours or direct labor hours.
For example, if Trust chooses to use machine hours as the allocation base, the predetermined overhead rate would be calculated as follows:
Predetermined overhead rate = Estimated total overhead costs for the year / Estimated total machine hours for the yearPredetermined overhead rate = $700,000 / 200,000 machine hours
Predetermined overhead rate = $3.50 per machine hour
Similarly, if Trust chooses to use direct labor hours as the allocation base, the predetermined overhead rate would be calculated as follows:
Predetermined overhead rate = Estimated total overhead costs for the year / Estimated total direct labor hours for the yearPredetermined overhead rate = $700,000 / 35,000 direct labor hours
Predetermined overhead rate = $20 per direct labor hour
Once the predetermined overhead rate is established, Trust can use it to allocate overhead costs to its products or services based on their use of machine or direct labor hours.
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Economic sanctions are more restrictive than trade sanctions
True or False
Poitioning" i a marketing management aid that refer to: _________ A. How cutomer think about propoed and/or preent brand in a market
Positioning is a marketing management tool that describes how consumers perceive existing and/or potential brands in a certain market. So, the suitable option will be option (a).
Give a brief account on marketing management.Marketing management applies economics and competitive strategy techniques to analyze the business environment in which the organization works. Marketers use SWOT analysis to focus on the relative competitive strengths and weaknesses of each competitor in the market as they create extensive profiles of each competitor. Marketing managers will look at each rival's cost structure, profit sources, assets, and capabilities as well as its competitive positioning, product differentiation, level of vertical integration, past responses to market changes, and other elements.
Market and marketing research are frequently conducted by marketing management in order to undertake marketing analysis. Although there are many techniques used by market researchers, the following are some of the most common ones :
Focus groups and different kinds of interviews are examples of qualitative marketing research.statistics surveys are examples of quantitative marketing research.experimental methods, including test marketsTechniques of observation like ethnographic (on-site) observationTo know more about, marketing management, visit :
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The complete question is mentioned below :
"Positioning" is a marketing management aid that refers to: ______
A) how customers think about proposed and/or present brands in a market.
B) a product's ability to provide both immediate satisfaction and social responsibility.
C) how a firm approaches customer relationship management.
D) a firm's ability to distribute products through intermediaries who are in the right position to reach target customers.
E) all of these alternatives are true.
Jonathan needs insurance for his new vehicle. Why are insurers most likely to look at his credit history? (5 points)
Credit may be related to car loan requests.
Credit may be related to a degree of responsibility.
Credit may be related to good or bad health habits.
Credit may be related to a driver's license.
Insurers are most likely to look at his credit history because credit may be related to a degree of responsibility.
What does your credit score say about your driving habits?
Insurers look at credit scores as a measure of a driver's responsibility. The indication is that those with high credit scores manage their money well and are more likely to behave more responsibly behind the wheel.
What is credit history?Credit history is a record of how you've managed the repayment of debts, such as credit cards and loans. Your credit history is recorded in your credit reports, which also contain additional information about your finances.
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Tristan promises to paint Katy's house in exchange for Lila's promise to plant trees on Tristan's property. This is
The third-party beneficiary contract was entered when Lila promise to plant trees on Tristan's property.
What is a third-party beneficiary contract?A third-party beneficiary serves as the type of contract whereby a benefit from a contract is been made between two parties.
In this contract, the beneficiary may have a right to compensation if the contract is not fulfilled.
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Assume that labor and capital are the only two inputs a perfectly competitive firm uses to produce wheat. The firm hires its inputs in perfectly competitive input markets. The unit price of labor is $8 and of capital is $20. When the firm employs the profit-maximizing combination of these two inputs, the marginal product of labor is 2 tons of wheat and of capital is 5 tons of wheat. The price of wheat per ton must be
The price of wheat per ton must be $4 when profit-maximizing combination is employed.
What is Price?This is defined as the amount of money that has to be paid to acquire a given product.
To get the price per ton for the company to make profit, we find the ratio of the unit price of labor to the marginal product of labor.
$8 / $2 = $4.
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Suppose the city of Austin, TX chooses to regulate the number of street vendors operating near the University of Texas by requiring each vendor to own a permit in order to operate. The city gives free permits to all existing vendors and announces that no new permits will ever be issued. Prior to regulation, the costs (including implicit costs) of operating were $85,000 and revenues were $150,000. The city ordinance allows the permits to be bought and sold without restriction. The permits have no expiration date. The interest rate is 10 percent. After regulation, existing street vendors earn an
A. accounting profit of zero.
B. economic profit of $130,000.
C. economic rent of $65,000
D. economic loss.
Answer:
economic rent of $65,000
Explanation:
Economic rent is the amount of money paid in excess to a factor of production in excess of what is socially optimum
Economic rent = $150,000 - $85,000 = $65,000
Accounting profit= total revenue - explicit cost
Total revenue =price x quantity sold
Explicit cost includes the amount expended in running the business. They include rent , salary and cost of raw materials
Economic profit = accounting profit - implicit cost
Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives
Without the regulation, economic profit would be driven to zero.
Please help with some graphing questions.
Question 1:
Katherine owns and operates one of the many independent coffee shops in Boston, which has everything from espresso to pour overs, to lattes and cold brew, as well as a wide selection of baked goods. However, Katherine uses a unique selection of single origin, organically grown, hand-roasted coffee beans. Katherine can run her coffee shop as a monopoly, as she is the only one in Boston with her unique selection of beans. The following figure depicts the demand curve that she faces and the costs that she incurs.
Using the area tool in the graph below, draw the area that represents the profit or loss. Your answer should be a rectangle drawn with four corners.
The profit area is depicted in the graph.
In a monopolistic market, when there is no competition, the seller has the power to establish both the price and the quantity requested.
When the marginal cost and marginal income are identical, the output level at which a company maximizes its profit happens.
A monopolist who produces at the point where MR = MC maximises profit. He is now generating money since the price is higher than the usual cost.
The coffee shop is making a profit under the circumstances. Following this realisation, additional coffee shops will appear, pushing the demand curve and causing the ATC curve to tangent to it. At his level, the long-term equilibrium of economic profit will be zero.
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Note: The missing diagram is as bellow,
A. What are the differences of time basis and piece rate basis system?
B. Nora is a Business Analytics Manager at Namshi a multinational E-commerce company. She is paid OMR 25 per hour based on hourly rate, for 40 hours per week. According, to the agreement, she is eligible for overtime (time-and-a-half pay). Calculate the following.
4. If Nora worked for 58 hours in a week, what is her gross pay?
5. What is her overtime rate per hour?
6. What is her total overtime allowance?
A. The main difference between a time basis and a piece rate basis system is the method of calculating wages. In a time basis system, employees are paid based on the time they spend working, typically on an hourly or weekly basis. In a piece rate system, employees are paid based on the number of items or units they produce. This means that their wages are directly linked to their productivity levels.
B. 4. Nora's gross pay for working 58 hours in a week would be calculated as follows: OMR 1,675.
5. Nora's overtime rate per hour is OMR 37.5 .
6. Nora's total overtime allowance is OMR 675.
A. The time basis system and piece-rate basis system are two different methods of compensating employees for their work.
- Time basis system: In this system, employees are paid based on the amount of time they work, such as an hourly rate or a salary. This method is commonly used for jobs that require a certain number of hours to be worked each day or week, such as office jobs or retail positions.
- Piece-rate basis system: In this system, employees are paid based on the number of units they produce or services they provide. This method is commonly used in manufacturing, construction, and other industries where employees can produce a variable number of units in a given amount of time.
B. Nora is a Business Analytics Manager at Namshi a multinational E-commerce company. She is paid OMR 25 per hour based on the hourly rate, for 40 hours per week. According to the agreement, she is eligible for overtime (time-and-a-half pay).
- For the first 40 hours, she would be paid her regular hourly rate of OMR 25 per hour, which would total OMR 1,000 (40 x OMR 25).
To calculate Nora's total overtime allowance, we need to calculate how many overtime hours she worked and then multiply that by her overtime rate:
Overtime hours = 58 hours - 40 hours = 18 hours
- For the additional 18 hours, she would be paid at time-and-a-half, which means she would receive OMR 37.5 per hour (OMR 25 x 1.5). This would total OMR 675 (18 x OMR 37.5).
4. Adding these two amounts together, Nora's gross pay for the week would be OMR 1,675.
5. Nora's overtime rate per hour is calculated as time-and-a-half of her regular hourly rate. Therefore, her overtime rate per hour is OMR 37.5 (OMR 25 x 1.5).
6. Nora's total overtime allowance is calculated by multiplying her overtime rate per hour by the number of overtime hours worked. In this case, Nora worked 18 overtime hours, so her total overtime allowance is OMR 675 (18 x OMR 37.5).
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How long should a cover letter be? A. Less than one page B. Two pages C. Three pages D. More than four pages Please select the best answer from the choices provided A B C D
Answer: A. Less than one page
Explanation:
PLEASE
I recently got a new phone and now it won't give me notifications for reminders. I've tried everything and I'm screwed. What are some ideas for rembering stuff throughout the day? For instance, I need to talk to my bio teacher tomorrow about an assignment but I'll forget since I don't have reminders. What are some methods that work other than shoving a post-it down my pocket?
Answer:
you can make an agend or put noted on your fridge
Explanation:
Which managers – top managers, middle managers or first-line managers – would make companywide decisions about energy use? How mightthe new workplace enable all managers to capitalize on the Great Shale Gas Rush
Answer:
The question is incomplete, it is missing the article about clean energy cars.
The article is about cars that run on compressed natural gas (CNG) instead of regular gasoline or even electric or hybrid models. The advantage of using CNG is that it is clean, its emissions rate is practically zero and most importantly, natural gas is extremely abundant in the US (shale gas).
Now, back to the questions:
Which managers – top managers, middle managers or first-line managers – would make companywide decisions about energy use?
Top managers are responsible for making companywide decisions about energy use. E.g. top management of several technological firms have decided to make their buildings and installations greener or more energy efficient. Generally when a new energy source is being used for the first time, a company must make large investments. This is why top management must decide about changes in energy use.
How might the new workplace enable all managers to capitalize on the Great Shale Gas Rush?
The use of CNG is not only good for businesses, but it is also good for the citizens and the US as a whole. Currently the US has almost balanced it exports and imports of petroleum, but it would benefit everyone if the balance would be positive. This means that the less oil imported, the better.
If we look at specific businesses, changing from gasoline (or even diesel) to CNG is not only greener, but it is also cheaper. The problem with electric and hybrid cars is that they are extremely expensive, and it is really hard to offset their cost against regular gasoline cars. On the other hand, cars that run on CNG cost almost the same and are extremely cheap to use. CNG is much cheaper than gasoline plus you have the advantage of not needing to import oil or gasoline.
Currently, I'm not sure if there is any CNG car available for households since the Honda Civic that runs on it was discontinued, but businesses can still purchase fleet trucks and vans that run on CNG. If you analyze CNG vs gasoline or electric vehicles, CNG cars are much cheaper, efficient and greener (the Civic was greener than electric cars). It is a win-win situation, the company wins, the environment wins, the economy wins and the country wins, only foreign oil exporting countries lose.
Walmart's Dividend Payout Ratio for the year of 2018 Enter the answer in percentage format to one decimal place without the % sign -> 9.30 and not 9.3% .093)? To access WMT's financial statement
Walmart's Dividend Payout Ratio for the year 2018 is 62.006.
Dividend Payout Ratio(2018) = Dividends per share / Earnings per share
= 2.04 / 3.29=0.62
=62.006
The payout ratio is a financial metric used by businesses to measure the percentage of earnings that are paid out to shareholders in the form of dividends. The ratio is calculated by dividing the amount of dividends paid by the company by its earnings for a given period.
A high payout ratio may indicate that the company is distributing a significant portion of its earnings to shareholders, which could be attractive to income-seeking investors. However, it may also signal that the company is not reinvesting enough of its profits into the business for growth and future opportunities.
Conversely, a low payout ratio may suggest that the company is retaining more of its earnings for reinvestment in the business, which could lead to future growth potential. However, it may also indicate that the company is not returning enough value to its shareholders in the form of dividends.
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the uspstf recommendations are used for insurance decisions regarding which screening tests are covered by insurance companies. however, these recommendations have been applied more broadly than originally intended.
The USPSTF (United States Preventive Services Task Force) recommendations are influential guidelines used by insurance companies to determine coverage for various screening tests.
The USPSTF assesses the evidence on the benefits and harms of preventive services and provides recommendations based on that evaluation. However, there have been instances where these recommendations have been applied more broadly than initially intended. This means that insurance companies may extend coverage to screening tests that fall outside the specific parameters set by the USPSTF.
One reason for this broader application could be the evolving nature of medical knowledge and advancements in technology. New evidence may emerge that supports the effectiveness or benefits of certain screening tests beyond the scope originally considered by the USPSTF.
Additionally, insurance companies may make coverage decisions based on factors beyond the USPSTF recommendations, such as public demand, political pressures, or specific state regulations.
While this broader application of USPSTF recommendations may expand access to certain screening tests, it also raises concerns about consistency and cost-effectiveness. It highlights the need for ongoing review and refinement of guidelines to ensure that insurance coverage aligns with the best available evidence and the intended scope of the recommendations.
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Fill The Blank! the high-low method uses ___ points to estimate the cost equation
Two points are used in the high-low technique to determine the cost equation. In cost accounting, the high-low method is an attempt to separate fixed and variable costs when the amount of data is limited.
The high-low technique compares the overall cost of the highest and lowest activity levels.
If the variable cost is a fixed charge per unit and the fixed cost remains the same, then the fixed and variable costs can be determined by solving the system of equations. However, be careful when using the high-low method.
This is because depending on the value distribution between the highest and lowest amounts, you may get more or less accurate results. Costs associated with products, product lines, equipment, stores, geographical sales areas, or subsidiaries consist of both variable and fixed costs. An analyst or accountant can use a technique called the high-low method to determine both cost components of the total cost.
The high-low method is used to calculate the variable and fixed costs of a mixed-cost product or unit.
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what is the term for a crm that tracks the type of sale that is most likely to make a person purchase an item that they have previously viewed on an e-commerce site?
User experience is the term for a CRM that tracks the type of sale that is most likely to make a person purchase an item that they have previously viewed on an e-commerce site. Option C
What is User experience?Generally, The term "user experience" describes how a product, application, system, or service makes the user feel. It is a general phrase that may refer to anything, including how easily a user can navigate a product, how simple it is to use, how pertinent the shown material is, etc.
A CRM that monitors the kind of sale that is most likely to prompt a consumer to buy an item that they have previously seen on an e-commerce site is known as a user experience CRM.
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CQ
What is the term for a CRM that tracks the type of sale that is most likely to make a person purchase an item that they have previously viewed on an e-commerce site?
Variability
Product or service measurement
User experience
Product development
Which of the following rain-related losses WOULD be covered under this renters insurance policy?
Your laptop is ruined because you left your window open during a moderate rain shower
Your mattress is ruined because part of the apartment’s roof blew off during a major rainstorm, creating a stream of water landing directly on your bed
Your carpet is ruined because your roommate negligently left her wet boots, umbrella, and raincoat sitting in a pile on the rug all afternoon
You lose a day’s wages because a horrible rainstorm makes it impossible to get to your job
The statement that i rain-related losses WOULD be covered under this renters insurance policy is Your mattress is ruined because part of the apartment’s roof blew off during a major rainstorm, creating a stream of water landing directly on your bed.
What is insurance?Insurance can be described as the act insuring your property as well as other things with the insurance company and you will be paying some agreed premium on it.
It should be noted that there arer some things that cn not be covered by the insurance company such as when rainstorm affect your mattress.
Therefore, the second option is correct.
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*ECONOMICS* please help
What are ways to get money to grow. What can you invest in? What are secured retirement investments versus risky investments.
this question needs to have commentary..
We can get money to grow through stock market , mutual funds,savings account, investment bonds.
What can you invest in?
High yield savings account.Short-term certificate of deposit.Short-term Treasury fund.Series I BondWhat are secured retirement investments versus risky investments?
Secured retirement investment make it easier for small businesses to set up 401(k)s, we're increasing the limit at which employees can be automatically enrolled in the Safe Harbor Retirement Plan from 10% to 15% of their wages.
Risky assets include foreign exchange trading, REITs and initial public offerings (IPOs). There are other forms of risky investments such as venture capital investments and investments in the cryptocurrency market.
Investment :Investment can refer to any mechanism used to generate future income. This includes, among others, the purchase of bonds, stocks or real estate. Additionally, buying real estate that can be used to produce goods can be considered an investment.
Investing is the purchase of financial assets with the potential to increase in value, such as stocks, bonds, shares of exchange-traded funds (ETFs) and mutual funds. There is no guarantee that an investment will maintain or increase in value over time.
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What do you think are the most important components of budgeting? Why?
Answer:
I would have to say figuring out ur cash flow where its going after u earn it and making sure u keep track of ur savings
Explanation:
How is a mutual savings bank different from a commercial bank?
Mutual savings banks do not make loans.
Mutual savings banks provide more services.
Mutual savings banks are owned by their depositors.
Mutual savings banks pay lower interest on deposits.
A mutual savings bank is different from a commercial bank in that it is owned by its depositors, who share in the bank's profits and losses.
What are features of mutual savings?Mutual savings banks also tend to be more community-oriented and may offer more personalized services to their customers. However, commercial banks typically offer a wider range of services, such as business banking and investment services.
The statement "Mutual savings banks provide more services" is not necessarily true, as this can vary depending on the individual bank and its offerings.
Lastly, mutual savings banks may pay slightly lower interest rates on deposits than commercial banks, but this is not always the case and can depend on various factors such as market conditions and the bank's financial performance.
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Bailey enjoys working with her hands. She wants to choose a career path that would allow her to create things. Which career would be best for
her?
O A. zoologist
O B. greenhouse nursery worker
O C. energy auditor
O D.
civil engineer
• E. jeweler and metal worker
Answer:
Jewerly and metal worker.
Explanation:
If you want to create thing with your hands and allowing her to create things a jewlery worker and a metal worker is the best for making stuff out of your imagination.
At Ancestry, even in a job as seemingly specialized as that of genealogist, the component parts of the job are quite varied. If Ancestry asked you to advise the company on restructuring job design, how would you explain a recommendation for further specialization?
The workers in highly specialized jobs tend to report higher levels of job satisfaction.
When workers perform small, simple tasks, they become very proficient at each task.
Specialization increases the transfer time between tasks.
Highly specialized workers may feel their jobs are too stimulating.
A recommendation for further specialization within the job of a genealogist would involve breaking down the job into smaller and more specific tasks. By doing this, the genealogist would be able to focus and become more proficient in certain specialized areas.
What does a genealogist do?A genealogist is a person who studies and traces family histories and lineages. They use a variety of sources such as birth, marriage, death and census records to build family trees and track down historical information about ancestors.
This would allow for a higher transfer time between tasks, resulting in increased job satisfaction. For example, a genealogist may specialize in researching a particular geographic area or time period.
In addition to increasing job satisfaction and providing the opportunity to specialize, further specialization also has the potential to increase the efficiency and quality of the genealogists’ work. By breaking down the job into smaller tasks and becoming more proficient in certain areas, the genealogist is better able to focus on the quality of their work and deliver results more quickly.
By breaking down the job into smaller tasks, the genealogist is able to focus, become more proficient, and specialize in certain areas. This leads to increased job satisfaction and improved work quality.
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If a customer spends $100 a week, shops 50 weeks a year, for a total of 10 years, what is the customer lifetime value?
A. $50,000
B.$500,000
Answer:
b
Explanation:
cause it the life time not the 10 years
According to the cross-price elasticity of demand, when the price of DVD players drops, the demand for DVDs is likely to
Answer:increase
Explanation:
In one week, Jill works at
Starbucks for 15 hours and is
paid $12 per hour. She earns
another $20 in tips. Jill also
works at a basketball referee at
the Kroc Center for 10 hours as
a pay rate of $11 per hour.
Jill's dad is a car mechanic and
Jill earns a 10% commission on
the first service for any new
customer she sends to her
dad's shop. Her dad did a
$1,000 brake job for a new
customer Jill sent to him.
What is Jill's gross income for
this week?
Answer:
$410
Explanation:
In one week, Jill works at Starbucks for 15 hours and is paid $12 per hour. She earns another $20 in tips. Jill also works at a basketball referee at
the Kroc Center for 10 hours as a pay rate of $11 per hour. Jill's dad is a car mechanic and Jill earns a 10% commission on the first service for any new customer she sends to her dad's shop. Her dad did a $1,000 brake job for a new customer Jill sent to him. What is Jill's gross income for this week?
starbucks: (15 * 12) + 20 = $200
krock center: 10 * 11 = $110
commission: 1,000 * 0.10 = $100
200 + 110 + 100 = $410
fast pls In collective bargaining, wages and hours are examples of
compulsory subjects.
Illegal subjects.
permissive subjects.
non-entities.
In collective bargaining, wages and hours are not examples of non-entities.
What about it?Collective bargaining is a negotiation process between an employer and a group of employees, often represented by a labor union, to establish terms and conditions of employment.
Wages and hours are actually key components of these negotiations, as they directly affect employees' working conditions and compensation.
During the collective bargaining process, both parties discuss and agree upon wages, working hours, and other terms to create a mutually beneficial agreement.
Therefore, wages and hours are important entities in collective bargaining, rather than non-entities.
Hence, the answer is non-entities.
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