Due to a downturn the wage of entry level workers has declined by 10 per cent, as a
result 100 entry-level workers get jobs and around 30 senior workers (15 %) would be
laid off.
(a) (5 points) Calculate the cross elasticity of demand for senior workers? Are senior
workers and entry-level workers gross complements or gross substitutes?
(b) (7 points) Which effect dominates in our example: substitution or scale effect?
How?
(c) (6 points) How would the demand curve for senior workers change if the wage paid
to entry-level workers rises?
The cross elasticity of demand for senior workers is 1.5. Senior workers and entry-level workers are gross complements.
The scale effect dominates in this example.
If the wage of the entry level workers increase, the demand curve would shift to the right.
What is the crosss price elasticity?
Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.
Cross price elasticity = 15% / 10 = 1.5
Complement goods are goods or resources that are used together. As a result of the decline in wages, senior workers would be laid off. This means that senior workers and entry level workers work together.
What is the effect on the demand curve if the wages of entry level workers increase?If the wage of the entry level workers increase, the demand for senior workers wouuld increase. This would lead to a shift to the right of the demand curve for senior workers.
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Which of the following education levels offer a shop class in industrial arts?
A: High school program
B: Associate program
C: Bachelor's program
D: Doctoral program
Answer:
B. Associate program
Explanation:
Correct me if I'm wrong
Associate program offers a shop class in industrial arts. Thus, option B is correct.
What is industrial Arts?An educational program called industrial arts emphasizes the creation of wooden or metal things utilizing a variety of hand, power, and machine tools. Commonly referred to as technology education, industrial arts. Small engine repair and car maintenance are possible, and technical drawing is typically covered in all programs' curricula.
The phrase "industrial arts" was first used in education in 1904 by Charles R. Richards of Teachers College, Columbia University in New York, who proposed it as a replacement for physical labor. Industrial arts lessons, also referred to as "shop class" in the US, introduce kids to the fundamentals of house maintenance, physical labor, and machine safety. The majority of industrial arts programs were developed in general rather than specific trade schools.
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In the context of planning, if there is alternative generation, evaluation, and selection steps which reveal several different future scenarios, a different __________ plan is attached to each scenario.
In the context of planning, if there is alternative generation, evaluation, and selection steps which reveal several future scenarios, a different contingency plan is attached to each scenario. Thus, option (c) is correct.
A contingency plan might concentrate on a single aspect of a company's operations. All general support systems must have a contingency plan that includes an emergency response strategy, a backup operations plan, and a post-disaster recovery plan.
The many future scenarios employed in contextual recovery are just alternative strategies. This identifies the sort of plan that is concerned with business strategies and has an impact on the company's objectives.
As a result, the significance of the planning as the alternative generation, evaluation, and selection steps are the aforementioned. Therefore, option (c) is correct.
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Your question is incomplete, but most probably the full question was.
In the context of planning, if there is alternative generation, evaluation, and selection steps which reveal many future scenarios, a different __________ plan is attached to each scenario.
EvaluationAlternativeContingencySelectionDecisionSupremewriters247.us is the only trusted American Writing Company when it comes to the writing of custom essays, dissertations, term papers, research papers, ...
BUS208 Case Studies in Business Administration
Case #2
1. Select ONE of the following (a through g).
a. A professional sports team
b. A gaming system company
c. An airline company
d. A consumer retail store
e. An automobile company
f. A computer company
2. Select a specific example of that category. For example, if you chose “a professional sports team,” you could select one of the following: Giants, Jets, Mets, Nets, Yankees, etc. Indicate the specific example you selected:
American AirLines
3. Analyze the external organizational environment for your choice. Identify at least TWO and preferably THREE aspects of EACH of the following that your choice must consider:
a. General environment
i. International dimension
1.American Airlines is the largest airline in 2020.
2. American Airlines traveled 240 destinations in the U.S, Canada,
The Caribbean and Mexico.
3.American airlines headquarters is in dallas fort worth.
ii. Technological dimension
1.Electronic wallet
2. Mobile ID
3.Virtual Assistant
iii. Sociocultural dimension
1.Ethics and human rights(provide the director with a report for unethic)
2.Sustainability and climate change
3.Give customer a great experience
(continued)
iv. Economic dimension
1.Boarding with 1 carry on & one personal item.
2.AAdvantage credit card member.
v. Legal-political dimension
b. Task environment
i. Customers
ii. Competitors
iii. Suppliers
iv. Labor market
(continued)
4. Conduct a situation analysis using a SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis that assesses the environment for your selected organization.
A SWOT analysis is categorizing the information that you gathered in the environmental analysis that you performed in the first half of this case. Some of the information you listed may not qualify as a strength, weakness, opportunity, or threat, however – it may be neutral. You should have at least TWO items EACH for strengths, weaknesses, opportunities, and threats and preferably THREE aspects for at least two of these.
Positive Negative
Internal Strengths:
Weaknesses:
External Opportunities:
Threats:
Answer:
I did not know some things
Assume that Hartmann Company contributes 15% of employee monthly salaries to an employee 401k plan. Assuming $600,000 of monthly salaries, the journal entry to record the monthly contribution would include a __________ to __________ for $90,000.
a. debit; Pension Expense
b. debit; Cash
c. debit; Unfunded Pension Liability
d. credit; Unfunded Pension Liability
what tool is most appropriate for applying spread on the bread?
Answer:
A butter knife
Explanation:
Traditionally, people spread the spread on bread with a butter knife.
If a nation’s currency appreciates relative to that of its trading partners, what will happen to the nation’s exports, imports and aggregate demand?.
If a nation’s currency appreciates relative to that of its trading partners, the nation' exports would decrease, import would increase and aggregate demand would decline.
What is currency appreciation?
A nation's currency appreciates if the value of the currency increases. If the value increases, it becomes more expensive for trading partners to buy the goods of the country who currency appreciated.
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Explain why it is important that prices are flexible. Analyze if you were a manager of a store and how would you deal with a surplus and a shortage. Explain how the law of demand relates to a recent purchase that you have had to make.
Answer:
Price Flexibility is one of the most important practices in our economy to maintain the law of demand and supply. It is also very helpful in the price.
Explanation:
Discuss the external factors that may affect law
Answer:
political - For example, new legislation.
economic - For example, inflation and unemployment.
social - Changes in taste and fashion or the increase in spending power of one group, for example, older people.
technological - For example, being able to sell goods online or using automation in factories.
Explanation:
the cost of sunflower seeds has increased. sunflower seeds are an input when sunflowers are produced. explain how this change will affect the market for sunflowers.
Which of the following statements describes the most likely reason why
ethical employees are important for a company?
O A. It can show caring.
O B. It can show morality.
O C. It can feel good.
O D. It can save money
Answer:
D. they can save money this way.
Employees and customers are treated like a family at Rahal Realty. Fadil and Inas Rahal, the owners, work to encourage unity to increase their employees' job satisfaction and commitment. At their realty, the Rahals have built a(n) ________ culture.
The type of culture that Rahals built was clan culture, when the owners, work to encourage unity to increase their employees' job satisfaction and commitment.
What is clan culture?A clan culture can be regarded as a tribe-like type of corporate environment which believe in
commonality of goals and values.
Clan cultures usually appears as collaborative and the least competitive of the main corporate culture models.
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What are the impact of SMEDAN on entrepreneurship
What report compares metrics based on user acquisition date over a series of weeks?.
Answer:
✒️Answer:Cohort Analysis report compares metrics based on user acquisition date over a series of weeks.
Explanation:
#CarryOnLearning[tex]watch.some.anime[/tex]
PLEASE ANSWER QUICKLY
The operating system cannot communicate with a printer. What is a solution?
(A) - Run a antimalware program
(B) - Update the printer device driver
(C) - Run the task manager utility
(D) - Delete temporary files
Answer:
B: Update the printer device router
Explanation:
Which type of store has high sales volume, shallow product lines, little service, and prices that are lower than supermarkets
The type of store that has high sales volume, shallow product lines, little service, and prices that are lower than supermarkets is known as discount stores.
What is a Discount Store?This refers to the type of store which makes a bulk purchase of items and then sells them off at a lower price than they are worth.
Hence, we can note that a discount store operates in a way that enables them to engage in efficient distribution and bulk purchasing to meet the needs of their customers.
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Ryan is a sales coordinator with a big bookstore that has outlets in several cities. He plans to start an e-publishing service that would enable networking among authors and readers. Which type of e-publishing would be appropriate for Ryan’s project?
Explanation:
sorry this version please
!!50 Points answer quickly!!
Answer:
i think it's
jesse
jesse
jesse
Explanation:
As a team lead, Emilio has convened a group of five team members to solve an issue with the marketing campaign. This is an example of a(n)
Assuming Emilio has convened a group of five team members to solve an issue with the marketing campaign. This is an example of a(n): Leaderless Group Discussion.
What is Leaderless Group Discussion?
Leaderless Group Discussion can be defined as the way in which a group of people discuss and share opinion on important matters without a formal leadership.
Based on the given scenario Emilo is engaging in Leaderless Group Discussion due to the absence of a leader.
Inconclusion this is an example of a(n): Leaderless Group Discussion.
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Which of these can lessen the amount of a mortgage loan?
Down payment
Insurance
Property taxes
Collateral
Based on the various requirements of a mortgage loan, the factor that can lessen the amount of the mortgage loan is a down payment.
What is a down payment?The down payment is the amount that is paid by the buyers of the house from their own savings and income which they will not have to pay back to the bank.
The larger this payment is, the less the amount that needs to be borrowed as a mortage loan.
In conclusion, option A is correct.
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Answer:
A. Down payment, is the answer
A manufacturing division has $1,800,000 in average assets and income of $720,000. The company's target rate is 8%. The division's residual income is $
576000
just divide the smallest number by the big number then you’ll get 576000
A manufacturing division has $1,800,000 in average assets and income of $720,000. The company's target rate is 8%. The division's residual income is $576,000. Thus, the accurate answer is $576,000.
What is residual income?
The income that is earned following the conclusion of manufacturing work is referred to as “residual income.” Royalties, interest and dividend income, rental and real estate revenue, and sales of consumer products are only a few examples of the residual income.
The formula of residual income are:
Residual Income = Net Operating Income (NOI) − (Minimum Required Return (MRR) × Cost of Operating Assets(COA)).
Net Operating Income = $720,000
Cost of Operating Assets = $1,800,000.
Minimum Required Return = 8%
RI = NOI—MRR × COA
RI = $720,000— $1,800,000 × 8%
RI = $720,000— $144,000
RI = $576,000.
Therefore, residual income is $576,000.
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Why did many conservatives oppose affirmative action?.
Answer:
Explanation:
El conservadurismo social o socialconservadurismo es esa parte del pensamiento conservador que se refiere a la ideología o una creencia personal, que sugiere que el individuo es un ente eminentemente social y que, como tal, no puede ser concebido sino en relación a una comunidad, especialmente a los aspectos morales
Explanation:
hope it help happy to help
1. Consider the following information for a project to add a drive-thru window at Crestview
Bank.
Activity Activity Time (weeks) Immediate Predecessor(s)
A 5 -
B 2 -
C 6 -
D 2 A, B
E 7 B
F 3 D, C
G 9 E, C
H 11 F, G
a. Draw the network diagram for this project.
b. Specify the critical path.
c. Calculate the slack for activities A and D.
Based on the activity times, and the order of activities, the critical path is B ⇒ E ⇒ G ⇒ H.
The slack for Activity A is 8 weeks and the slack for Activity D is 8 weeks as well.
What is the critical path?First find all the possible paths:
A ⇒ D ⇒ F ⇒ H - 21 weeksB ⇒ D ⇒ F ⇒ H: 18 weeksB ⇒ E ⇒ G ⇒ H: 29 weeksC ⇒ G ⇒ H: 26 weeksC ⇒ F ⇒ H: 20 weeksThe critical path takes the longest time so will be B ⇒ E ⇒ G ⇒ H: 29 weeks.
What is the slack for Activity A?This can be found as:
= Latest finish for A - Earliest finish for A
Looking at the network, the earliest finish for A is 5 and the latest finish is 13.
Slack is:
= 13 - 5
= 8 weeks.
What is the slack for activity D?Earliest finish for D is 7 and lastest finish is 15.
Slack is:
= 15 - 7
= 8 weeks.
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Nike owns equipment that cost $101,900 with accumulated depreciation of $69,600. Nike asks $37,100 for the equipment but sells the equipment for $34,400. Compute the amount of gain or loss on the sale. Multiple Choice $2,100 loss. $2,700 gain. $4,800 loss. $4,800 gain. $2,100 gain.
The gain on the equipment sold by Nike after comparing the sale price with the book value of the equipment is $2100.
What is the gain on the equipment?A gain is recorded when the equipment is sold for greater than its book value. The book value is the cost of the equipment less the accumulated depreciation.
Book value = $101,900 - $69,600 = $32,300
Gain = $34,400 - $32,300 = $2100
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What makes you feel like you are getting your money’s worth?
Answer:
When I save a lot of money
A physical count of merchandise inventory on November 30 reveals that there are 82 units on hand. Assuming that the specific identification method is used and that ending inventory consists of 25 units from each of the three purchases and 7 units from the November 1 inventory, cost of goods sold is
After computing the cost of inventory that was sold, The Cost of Goods sold is given as $1,334.30.
The calculations related to the exercise are as follows:From the information provided (see full question attached),
Inventory at hand as at November 1:
there are 29 Units of Inventory at the cost of $5.90 dollars each.Purchases:
118 units are purchased at $6.30 dollars each;59 units are purchased at $6.15 dollars each; and88 units are bought at $6.50 dollars each.If at the end of the period there are 25 units each form the purchases above and 7 from the existing inventory as at Nov. 1st, then the cost of goods sold is:
((29-7) X 5.9) +((118-25) x 6.3) + ((59-25) x 6.15) + ((88-25) x 6.5))
= $1,334.30
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Consider the following two situations: (1) you buy a Porsche produced in Germany, (2) you buy a Volkswagen produced in the U.S. Which of the following statements is true? Note: multiple answers are allowed. a. The action in situation (1) has a direct effect on net exports b. The action in situation (2) has a direct effect on net exports c. The action in situation (1) has a direct effect on net capital income d. The action in situation (2) has a direct effect on net capital income
The purchase of a Porsche produced in Germany has a direct effect on net exports
What is net export?
Net exports is total export less import. Import is when a good or service is brought into a country from a foreign country. Import reduces the value of the net exports. Export is when a good produced in a country is sold in a foreign country.
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All of the following would be considered examples of employer postretirement benefits EXCEPT
a. social security.
b. dental care.
c. tax services.
d. medical care.
how hospital capacity considerations differ from a factory.
Answer:
One of the differences between hospital and factory capacity is that a hospital can add capacity easily by adding more staff and beds. A factory is usually technologically limited and therefore must plan well in advance to add capacity.
Explanation: