Beth is a college student who lives in San Francisco and provides math tutoring for extra cash. At a wage of $30 per hour, she is willing to tutor 6 hours per week. At $50 per hour, she is willing to tutor 16 hours per week.
Using the midpoint method, the elasticity of Beth's labor supply between the wages of $30 and $50 per hour is approximately ( ), which means that Beth's supply of labor over this wage range is ( ).
Answers
Answer:
Using the midpoint method formula for elasticity of labor supply, we have:
E = [(Q2 - Q1) / ((Q1 + Q2)/2)] / [(P2 - P1) / ((P1 + P2)/2)]
where Q1 is the initial quantity of labor supplied (6 hours per week), Q2 is the final quantity of labor supplied (16 hours per week), P1 is the initial wage ($30 per hour), and P2 is the final wage ($50 per hour).
Substituting the given values, we get:
E = [(16 - 6) / ((16 + 6)/2)] / [($50 - $30) / (($50 + $30)/2)]
Simplifying the equation, we get:
E = [(10 / 11)] / [(20 / 40)]
E = 1.1
Therefore, the elasticity of Beth's labor supply between the wages of $30 and $50 per hour is approximately 1.1. This means that her supply of labor is relatively elastic over this wage range, meaning that she is responsive to changes in the wage rate. Specifically, her labor supply will increase by a proportionally greater amount than the increase in the wage rate, resulting in a greater total increase in hours worked.
Related Questions
PLEASE HELP MEE 50 Pts
Question: What are the local, state, and federal taxes for a healthcare business?
Answers
Answer:
Is health care federal state or local?
The U.S. Department of Health and Human Services is the federal government's principal agency involved with health care services. The states cofund and administer their CHIP and Medicaid programs according to federal regulations. (goo gle)
Explanation:
hope this helps
2. Choose any national or global chain with an online presence. Do a web search and spend time looking at their website. List the company's strengths in the space below. You may write in complete sentences or list form. (5-10 strengths) TIP: Look for strengths in different areas (product, price, promotion, place, sales, distribution).
Answers
The correct answer to this open question is the following.
I choose the Amazon website to answer this question.
These are the strengths of this global company.
-First, it has a presence almost worldwide, due to the benefits of e-commerce.
-Reputation. It has a good reputation because serves the customer well.
-Infrastructure. World-class facilities and delivery infrastructure to get the product on time.
-Variety of products. You access the company's website and can find anything. From books to toys, movies, and furniture.
-Prices. Accessible or competitive process because that is the advantage of e-commerce.
-Customer Service. Good client service that aims for entire satisfaction.
-Promise of delivery. Delivery time. Period.
A company reported total stockholders' equity of $435,000 on its Dec 31, 2018, balance sheet. The following information is available for the year ended Dec 31, 2019: Revenues: $930,000 Expenses: 495,000 Liabilities, on Dec 31. 2019: 216,000 What are the total assets of the company on December 31, 2019?
Answers
The total assets of the company on December 31, 2019, are $1,086,000.
To find the total assets of the company on December 31, 2019, we can use the accounting equation:
Total Assets = Total Liabilities + Stockholders' Equity
Given information:
Total stockholders' equity on Dec 31, 2018 = $435,000
Revenues for the year ended Dec 31, 2019 = $930,000
Expenses for the year ended Dec 31, 2019 = $495,000
Liabilities on Dec 31, 2019 = $216,000
To calculate the change in stockholders' equity for the year 2019, we need to consider the net income (revenues - expenses): Net Income = Revenues - Expenses
Net Income = $930,000 - $495,000
Net Income = $435,000
Now, let's calculate the stockholders' equity on December 31, 2019:
Stockholders' Equity on Dec 31, 2019 = Stockholders' Equity on Dec 31, 2018 + Net Income - Dividends
Stockholders' Equity on Dec 31, 2019 = $435,000 + $435,000 - Dividends
Since the information about dividends is not provided, we'll assume no dividends were paid. Therefore:
Stockholders' Equity on Dec 31, 2019 = $870,000
Finally, we can calculate the total assets:
Total Assets = Total Liabilities + Stockholders' Equity
Total Assets = $216,000 + $870,000
Total Assets = $1,086,000
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Paula has property which she uses in her office that someone else is responsible to maintain. What is a likely reason for this?
A. The property was defectively manufactured.
B. She purchased the property rather than leased it.
C. She has borrowed the property from a friend.
D. She leased the property rather than purchased it.
Answers
A $100,000 house insured on a policy with an 80% coinsurance requirement has a fire that caused $40,000 of damage; the owner has a policy with $60,000 coverage. How much can the owner collect for his loss?
Answers
Assuming the owner has a policy with $60,000 coverage. The amount that the owner collect for his loss is $30,000.
Policy coverageIn order for the total amount of a partial loss to be paid the house must be insured for at least 80 percent of its value on the date in which the loss ocur.
And since house has a policy coverage of the amount of $60,000. Based on this the minimum requirement is 75 percent which mean that the policy will pay only 75 percent of the loss or $30,000.
Inconclusion the amount that the owner collect for his loss is $30,000.
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schager company purchased a computer system on january 1, 2019, at a cash cost of $25,000. the estimated useful life is 10 years, and the estimated residual value is $3,000. the company will use the double declining-balance depreciation method. what is the accumulated depreciation balance as of december 31, 2020? group of answer choices $8,520. $7,920. $9,000. $4,000.
Answers
During 2020, Schager Company will incur a $4,000 depreciation charge. With the twofold declining-balance technique, depreciation expenditure is calculated as follows. Option 4 is Correct.
By reducing 100% by the projected usable life and multiplying the result by 2, one may calculate the depreciation expenditure using the double-declining-balance technique. The asset is then yearly depreciated based on the decreased balance using the obtained rate.
Schager Company will therefore incur C. $4,000 in depreciation costs in 2020.
Cost of computer system = $25,000
Estimated useful life = 10 years
Estimated residual value = $3,000
depreciation = double declining-balance method
Now Depreciation rate = 20% (100/10 x 2)
Here, Depreciation for 2019 = $5,000 ($25,000 x 20%)
Here, Declined at January 1, 2020 = $20,000 ($25,000 - $5,000)
At Depreciation expense for 2020 = $4,000 ($20,000 x 20%). Option 4 is Correct.
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Correct Question:
Schager company purchased a computer system on january 1, 2019, at a cash cost of $25,000. the estimated useful life is 10 years, and the estimated residual value is $3,000. the company will use the double declining-balance depreciation method. what is the accumulated depreciation balance as of december 31, 2020? group of answer choices
1. $8,520.
2. $7,920.
3. $9,000.
4. $4,000.
Erin's weekly health deduction from her check is $5.35. If his employer pays 80% of the premium, how much is her annual premium?
Answers
Answer:
Explanation:
I assume they are asking for the total premium paid per year, but I will also show just the amount she pays per year.
To figure out the total annual premium:
If the employer pays 80%, then the employee pays 20% (100%-80%).
Total Premium x .20% = 5.35
Total Premium = 5.35/.2 (20%)
Total Premium = 26.75 per week
Total annual premium is 26.75 x 52 weeks = 1,391
‘The employee only pays 20% or 5.35 per weekly paycheck. Her annual costs is 5.35 x 52 weeks=278.20
People are living paycheck to paycheck why is that a problem
Answers
Identify the examples of hobbies. Check all that apply.
Neal likes to paint pictures in his free time.
Sidney wants to take a literature class.
Janie works far from her home, and spends most of her day commuting.
Verna dislikes giving speeches, and attends a workshop to improve her public-speaking skills.
Willard plays on a community baseball team.
Adrienne likes to watch movies.
Answers
Answer:
Neal
Willard
Adrienne
Answer:
Neal likes to paint pictures in his free time.
Willard plays on a community baseball team.
Adrienne likes to watch movies.
This is the answers with full sentences.
Hermione really struggled in her first semester of college, but she persevered and learned that she needed to be much more engaged in her classes than she was in high school. Now she is well on her way to becoming an active learner, which means that she will
a. resist collaborating with other students.
b. work to improve her writing and speaking skills.
c. treat other students as if they all share the same culture.
d. wait for her instructors to point her in the right direction.
Answers
Now she is well on her way to becoming an active learner, which means that she will work to improve her writing and speaking skills.
What is active learning?The phrase "active learning" has a wide range of synonyms, including "play-based learning," "activity-based learning," "technology-based learning," "group work," and "project approach." These share certain important traits and features of active learning as common denominators. Passive learning is the reverse of active learning; it is learner-centered, not teacher-centered, and calls for more than just listening; active learning necessitates the active engagement of each and every student. In order to develop their higher order thinking skills, students must be actively engaged in work while also considering its purpose and the task itself.
Among the active learning guidelines offered by Barnes (1989) are:
Purposive: Relevance of the job to the students' worries.Reflective: the analysis of what is learned by the students.Negotiated: between students and teachers, discussion of learning objectives and strategies.Critical: It is crucial that students recognize the value of various instructional strategies.Complex: Students relate their learning assignments to the complexity of real-world situations while doing reflective analysis.Situation-driven: When establishing learning tasks, the situation's requirements are taken into account.Engaged: Learning activities that are undertaken reflect real-world tasks.To learn more about active learning visit:
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The government of Islandia, a small island nation, imports heating oil at a price of $2 per gallon and makes it available to citizens at a price of $1 per gallon. If Islandians demand curve for heating oil is given by P = 6 =Q, where P is the price per gallon in dollars and Q is the quantity in millions of gallons per year, how much economic surplus is lost as a result of the government's policy?
Answers
Economic surplus is gained rather than lost.
Economic Surplus:Economic surplus is the sum of consumer surplus and producer surplus. It is also known as welfare surplus. Producer surplus occurs when the producer sells the goods for more than the lowest price they are willing to sell for. Consumer surplus occurs when the consumer pays less than the lowest price he is willing to pay for.
P = 6 = Q
It means that consumers purchase 6 million gallons of oil for a price of $ 6 per barrel. It means they are paying $1 for 1 million barrel.
Since, price = demand, thus at a price of $2 per barrel, consumers will still effectively pay $1 for each million barrel.
Quantity consumed at $1 per barrel = 1 million barrel
Quantity consumed at $2 per barrel = 2 million barrel
Economic surplus = (1/2) ($2 - $1) * (2 - 1) = $0.5 million gallon per year
Thus, economic surplus is gained rather than lost.
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How long after taxes are accepted will they be deposited?.
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Using your knowledge of the inflation tax, please answer question below.Seignories refers to what? The right to collect income tax The revenue from taxing the states The revenue from printing money The power to establish a central bank
Answers
Seignorage, also known as seigniorage, refers to the revenue that a government generates by issuing currency. Therefore, the correct answer to the question is "The revenue from printing money".
This revenue is often considered a type of inflation tax, as the government essentially creates new money out of thin air, thereby diluting the value of the existing currency and reducing purchasing power.
Seignorage can be generated by both printing physical currency and creating digital currency, such as through quantitative easing policies.
The discrepancy between the value of money or currency and its production costs is known as seigniorage.
It is essentially the profit the government makes when it prints money.
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Which options does the Ink Equation dialog box provide? Check all that apply.
Clear
Copy
Correct
Erase
Preview
Write
Answers
Answer: the answer to this question is Clear, Correct,Erase,Preview,Write
Explanation:
What benefits might citizens of a Centrally Planned economy derive from a move toward a marked based system?
Answers
Citizens in a Centrally Planned Economy benefit from a shift toward a marked-based system. Higher economic growth, Increased access to products and services, More freedom and choice.
1. Higher economic growth: Transitioning to a market-based economy promotes competitiveness and efficiency, which can lead to increased economic growth.
2. Increased access to products and services: As the economy shifts toward a market-based system, residents will have more access to a broader range of goods and services, including imported commodities.
3. More freedom and choice: In a market-based economy, individuals have greater flexibility to pick whatever products and services they wish to buy, as well as more freedom to engage in a variety of economic activities.
4. Improved entrepreneurial incentives: A market-based economy may give incentives for entrepreneurs to innovate and produce new goods and services, resulting in increased economic growth and development.
5. More effective resource allocation: A market-based system supports efficient resource allocation since prices represent the real worth of commodities and services in the economy. This has the potential to boost economic efficiency.
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Many businesses use which of the following to limit employees' Web access? a.
spyware b. web bugs c. content filtering d.honeypots
Answers
Many businesses use content filtering to limit employees' Web access.
Content filtering is a technique used by businesses to restrict access to certain websites or types of content on the internet. It works by analyzing the content of websites and either blocking or allowing access based on certain criteria. This can include blocking websites that are deemed inappropriate or distracting, as well as limiting access to social media, streaming sites, or other non-work-related content. Content filtering can be implemented through various software solutions or through the use of firewalls and other network security measures. While other techniques such as spyware, web bugs, and honeypots may also be used for monitoring or limiting employee web access, content filtering is the most commonly used method in the business world.
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The founders of the U.S. wanted to avoid establishing a permanent aristocracy or group of wealthy families who could control a great deal of the nation’s wealth. How is this idea related to estate and gift taxes?
Answers
Answer:
There are two points that I would like to single out that are very similar. First by implementing tax and gift taxes, Founding Father wanted to weaken families and business of that time, since there was a threat that rich families could become permanent aristocracy which over time could lead to the point where that families will rule the US. Second, by implementing those two taxes, government is taking a share from receivers since the receivers are getting some good that they did not earn it, they have just received it as a gift or as an estate. This way inheritance or gift would be of a much lesser value then it was before someone’s death or before someone made a gift. This was important because wealth of powerful families would just accumulate and grow so government of that time, strictly out of political reasons, prescribed those two taxes, so that the wealth will be smaller of value after tax.
The idea of avoiding an aristocracy by the founders of USA is related to estate and gift taxes because:
There was a need to reduce the influence of the wealthyAccording to the given question, we are asked to show the link which the founders of America had to preventing aristocracy and imposing estate and gift taxes.
As a result of this, we need to remember than an aristocracy is a government based on the wealthy and influential members of the society and this was one of the things which the Founding Fathers of America sought to prevent.
With this in mind, we can see that they imposed gift and estate taxes which was specifically targeted at the extremely wealthy so that their influence would be reduced and the country would not become an aristocracy.
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Regina, Brock, and Sean are website designers who have been tasked to create a new website together.
This is an example of:
alliance
collaboration
punctuality
relationship
Answers
Answer:
B: Collaboration
Explanation:
I took the test
Answer:
B: Collaboration
Explanation:
I took the test
Which type of data do researchers collect the personal interviews?
Answers
Answer:
The correct answer is "Face-to-face interviews".
Explanation:
Face-to-face surveys or interviews are an important way of gathering information used throughout survey methodology. Throughout these interviews, research teams are collecting location information from participants across one cooperation or bonding. This method of collecting information seems to be unique or even just highly personalized.Answer: unstructured or informal in nature
Explanation:
took it on edmentum
Sellers are required to take precautions against every conceivable misuse of a product.
true or false
Answers
False. Sellers are not required to take precautions against every conceivable misuse of a product,
but they are required to take reasonable precautions to ensure their products are safe and properly labeled for their intended use.
Sellers are required to take precautions against every conceivable misuse of a product. True or false?"
Your answer: False.
While sellers should take reasonable precautions to ensure the safety of their products and provide warnings for potential misuses, it is not possible for them to anticipate and guard against every conceivable misuse of a product.
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NEED HELP ASAP, WILL GIVE BRAINLIEST
1. Variable Costs are also known as ___________
A. Cost of Goods Sold
B. Liabilities
C. Assets
D. Equity
2. The bank purchased a desk for a new employee. What type of cost is the purchase of a new desk?
A. Fixed Cost
B. Variable Cost
3. Today I sold a new 80 inch television. The sale of this item is called________?
A. Unit of Sale
B. Asset
C. Cost of Goods Sold
Answers
Answer:
Cost of Goods Sold
variable cost
evality
2. Fixed cost
3. Unit of sale
Faldo Corp sells on terms that allow customers 45 days to pay for merchandise. Its sales last year were $325,000, and its year-end receivables were $60,000. If its DSO is less than the 45-day credit period, then customers are paying on time. Otherwise, they are paying late. By how much are customers paying early or late? Base your answer on this equation: DSO - Credit Period = Days early or late, and use a 365-day year when calculating the DSO. A positive answer indicates late payments, while a negative answer indicates early payments.a. 21.27b. 22.38c. 23.50d. 24.68e. 25.91
Answers
Answer:
b. 22.38
Explanation:
The credit period to pay for merchandise is 45 days, sales for last year = $325,000, therefore sales/day (daily sales) = $325,000/365 = $890.41
Year-end receivables = $60,000
Company DSO = Year-end receivables/ daily sales = $60000/$890.41 = 67.38
The difference between the Company DSO and credit period determines if the payment is early or late. A positive answer indicates late payments, while a negative answer indicates early payments.
Therefore, Company DSO - credit period = 67.38 - 45 = 22.38
Since the difference is positive, it is a late payment
Which of the following characteristics of tourism services explains which guests need to be present when the service is being performed?
Answers
In the last paragraph, you need to compare your
country's government with what you know about the US
government.
Write your final paragraph in this space.
Answers
The government of my country is vastly different from the US government. In my country, the government is a unitary system, meaning that the power and authority are concentrated in a central government.
What is the comparison of our country's government with what you know about the US government?
Our government is a constitutional monarchy, with Queen Elizabeth II as the Head of State. The government is headed by a Prime Minister who is chosen by the majority party in the House of Commons. The US government is a federal republic, with the President as the Head of State. The government is headed by the President, who is elected by the people in a general election. Both governments have a bicameral legislature, consisting of an upper and lower house. Both countries have a system of checks and balances, where the executive, legislative, and judicial branches are equal. Additionally, both countries have a judicial system to uphold the rule of law. However, the US is a republic and the UK is a monarchy, so there are some differences in terms of how their respective governments are organized.
So, These were the comparison of our country's government with what you know about the US government.
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What decision did a london court reach in this case?
Answers
The London court in this case found that Brown did not violate copyright law with the writing of "The Da Vinci Code," but he should have asked for permission to use some of the central ideas and themes from "The Holy Blood and the Holy Grail."
What was the court pronouncement?The case refers to a famous 2006 copyright infringement case at the High Court in London involving Dan Brown's best-seller The Da Vinci Code and Michael Baygent and Richard Lee's non-fiction book, Holy Blood and the Holy Grail.
The court found that Dan Brown did not infringe copyright and that Baigent and Leigh's book was not infringed. However, the court ruled that Brown should have acknowledged their work and asked their permission before using their ideas in his book.
Therefore, the correct answer is as given above.
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The complete question goes thus:
What decision did a London court reach in this case? The writing of The Da Vinci Code did not violate copyright law. The writing of The Holy Blood and the Holy Grail did not violate copyright law. Brown should have asked permission from Baigent and Leigh to use their ideas. Baigent and Leigh should have asked permission from Brown to use his ideas.
brenda's company recently lowered the cost of their footwear line and suddenly the demand for products increased dramatically. in this situation, demand would be considere
Answers
Brenda's company recently lowered the cost of their footwear line and suddenly the demand for products increased dramatically. in this situation, Demand would be considered high due to the customer's needs.
What is the Demand?The quantity of a good that buyers are willing and able to buy at different prices during a specific time is known as demand in economics. The demand curve is another name for the relationship between price and the amount of demand.
Demand is the user's intention to buy a specific product or service. The desire for a specific good on the market is known as market demand. The overall demand for products and services there in the economy is known as aggregate demand. The price of an item or service is determined by how well supply and demand match. recognizing the idea of demand.
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which of the following most accurately describes an 2 cfr part 200.425(2) audit?
Answers
It is an annual audit of an organization that receives over a certain threshold of federal funds each year.
The annual audit is only a check cycle of your organization's financial systems and proclamations. The auditor will take a gander at the exactness of the numbers and the cycles and let you know as to whether interior control steps ought to be taken to assist with safeguarding your organization against extortion.
Albeit the audit may now and again be troublesome and meddlesome, your participation in providing the required data will contribute enormously to the speed with which auditors can go about their responsibilities.
The annual audit can be a costly endeavor, both in worker time and company cash. Be that as it may, the audit can be a greater amount of a venture than a cost on the off chance that auditors are allowed to examine and assess records and techniques, as opposed to plan bookkeeping type plans. This can be accomplished exclusively through planning, coordination and collaboration among the groups engaged with the audit.
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Which of the following main factors Is NOT pushing accounting away from the dedication to its professional goals into the arena of a profit-maximizing
operation?
Multiple Choice
Overly aggressive tax shelters
Alternative business structures
Earnings management
Continuing education requirements
Answers
Continuing education requirements are NOT pushing accounting away from the dedication to its professional goals into the arena of a profit-maximizing operation.
Continuing education requirements are put in place to ensure that accountants maintain their knowledge and skills to provide high-quality services to their clients. It helps them stay updated with the latest laws, regulations, and accounting practices. By requiring accountants to continue their education, it prevents them from becoming complacent and prioritizing profit over professional goals. On the other hand, factors such as overly aggressive tax shelters, alternative business structures, and earnings management can push accounting away from its professional goals and prioritize profit over ethical behavior.
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Use this formula to help solve the problem.
• gross income = total of all incomes added together
Given the following information what does the gross income for the month equal?
Cash $100, Checks = $200, Credit Card Charges = $400
O $600
O $300
O $700
O $500
Answers
Estelle is a recent accounting graduate, and while she likes the idea raised by her fellow graduate Fernando to set up business in a partnership together, she has always wanted to go into business for herself. Before Estelle makes a decision, her instructor tells her it would be a good idea to consider the effect of different tax structures on each type of business, just in case she favors one situation more than the other. Compare and contrast how partnerships and sole proprietorships differ in terms of their tax requirements.
Sanjay was recently alerted to the fact that his business will be audited by the IRS. What are some possible causes for Sanjay’s business being selected for audit? What will this audit likely entail? How can Sanjay prepare?
After getting his first paycheck, Marlon is incredulous at the amount of money that goes to FICA. “Who in the world is FICA?” he asks his mother. How does she reply?
Eloise has exactly $300 to spend on an airline ticket. Assuming that she will need to pay the passenger ticket tax, the passenger facility charge, and the Sept. 11th fee, what is the maximum base ticket price Eloise can still afford to pay, knowing that she has all these additional fees and taxes to pay? Explain.
Sloan has always been pretty lax about preparing her taxes, and she doesn't pay too much attention to the rules. However, after taking a class on tax fraud, she is a bit concerned that some of the information in her past tax returns may be questionable. Sloan should only be worried about tax fraud if she’s made certain mistakes in the past. What kind of mistakes should Sloan be concerned about? Explain.