By how much would the quantity of labor demanded decrease if a minimum wage hike raised prevailing wages from $8 to $10 an hour and if the elasticity of labor demand were 0.40?

Answers

Answer 1

Answer:

it would decrease by 10%

Step-by-step explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price  

percentage change in price = ($10 - $8) / $8 = 0.25 x 100 = 25%

0.4 =  percentage change in quantity demanded / 25%

percentage change in quantity demanded = 25% x 0.4 = 10%


Related Questions

Members of a soccer team raised $1416.50 to go to a tournament. They rented a bus
for $877.50 and budgeted $24.50 per player for meals. Determine the number of
players the team can bring to the tournament.

Answers

Answer: The answer is 22 players

Step-by-step explanation:

Add 5 and 14, triple the sum, and then add four-
fifths.

Answers

Answer:

57.8 or 57 and four fifths

Step-by-step explanation:

5+14=19

19*3=57

57+0.8= 57.8

After graduating from college, Herbert decided to join a new
company. He agreed to a salary which will increase by 4.5% each
year and he will earn $63,417 for his tenth year of work.

Answers

Answer:

500

Step-by-step explanation:

Write an equation for a line perpendicular to f(x)=5x−1 and passing through the point (5,20)

Answers

Answer:

y - 20 = (-1/5)(x - 5)

Step-by-step explanation:

The slope of the given line is 5.  The slope of any line perpendicular to the given line is the negative reciprocal of the given slope:  

Slope of perpendicular line here is -1/5.

We use the point-slope formula as a framework here:

y - 20 = (-1/5)(x - 5)

Write as an algebraic expression: Five times the difference of the cube of y
and the square of x
A. 5y^3 + 5x^2
B. (5y)^3 - (5x)^2
C. 5(y^3 - x^2)
D. (5y - 5x)^6

Answers

The answer would be:

C. 5(y^3 - x^2)

Which of the following expressions is represented by the number line below?
A. -6 - 5
B. 6 + (-4)
C. -6 + 4
D. 6 - (-4)

Answers

The answer is c if your in ed2020

Help i will give brainliest and no links or i will report

Answers

Answer:

c

Step-by-step explanation:

math

f(x) = -2
Find f (3)

Answers

Answer:

f= -2/3

Step-by-step explanation:

Let's solve your equation step-by-step.

f(3)=−2

Step 1: Simplify both sides of the equation.

3f=−2

Step 2: Divide both sides by 3.

3f

3

=

−2

3

f=

−2

3

Answer:

f=

−2

3

26 beats in 1/6 minutes equals what beats per minute

Answers

Answer:

156

Step-by-step explanation:

Answer:

156

Step-by-step explanation:

26 for every 1/6

So we multiply 26 times 6 to get the full minute

Delta Math Help!!!
Triangle proofs help. I’ve gotten this far, but I have no idea what to do next!!

Answers

i can’t see it take another picture

The triangle ΔBAD is congruent to the triangle ΔCDA by SSS postulates.

What is the triangle?

The polygonal shape of a triangle has a number of sides and three independent variables. Angles in the triangle add up to 180°.

The ratio of the matching sides will remain constant if two triangles are comparable to one another.

If the corresponding sides of the triangles are equal. Then the triangles will be a congruent triangles. And it is known as SSS postulates.

BD = AC and AB = CD

In triangles ΔBAD and ΔCDA, we have

BD = AC             (Given)

AB = CD             (Given)

AD = AD             (Common side)

Then the triangle ΔBAD is compatible with the triangle ΔCDA by SSS proposes.

More about the triangle link is given below.

https://brainly.com/question/25813512

#SPJ2

Castel and Chelsea are selling pies for a school fundraiser. Customers can buy cherry pies and lemon meringue pies. Castel sold 1 cherry pie and 5 lemon meringue pies for a total of $69. Chelsea sold 5 cherry pies and 7 lemon meringue pies for a total of $129. Find the cost each of one cherry pie and one lemon meringue pie.

Answers

Answer:

the cost each of one cherry pie and one lemon meringue pie is 9 and $12 respectively

Step-by-step explanation:

The computation of the cost of one cherry pie and the lemon meringue pie is shown below:

Let us assume the cherry pie be x

And, the lemon meringue pie be y

So according to the question

x + 5y = $69

5x + 7y = $129

Now multiply by 5 in the equation 1

5x + 25y = $345

5x + 7y = $129

18y = $216

y = $12

And, x would be

x + 5($12) = $69

x = $9

Hence, the cost each of one cherry pie and one lemon meringue pie is 9 and $12 respectively

At a plant that manufactures bars of steel, a machine is used to cut the bars to specific lengths. The machine has a dial that sets the length of the bars to be cut. However, the dial is currently out of alignment and the plant manager is collecting data to assess the situation. The following table shows 8 trials at different dial settings along with the actual output length of the bars that were cut. All measurements are in millimeters.
(a) Use the following grid to construct a scatterplot in which dial setting is the explanatory variable and output length is the response variable. Based on your graph, does a linear model seem appropriate? Justify your answer.
(b) Use the data to construct a least-squares regression line to predict output length from dial setting.
(c) Assume that all conditions for inference are met. Indicate the hypotheses appropriate to test whether there is a linear relationship between output length and dial setting
(d) The test statistic for the appropriate test is t=9.018. Do the data provide convincing statistical evidence that there is a linear relationship between output length and dial setting?

Answers

Check Attached Photos. Sorry, it didn't let me submit it through text because of "inappropriate language," despite me not having any in my answer.

For the plant which manufactures bars of steel, the conclusions are as follows;

A.  The scatter graph is shown.

B.  The equation is y = 2.204 + 1.007x

C.  Null hypotheses (H₀); β = 0

     Alternative hypotheses (Hₐ); β ≠ 0

D.  P-value (0.0001) is less than the significance level (α = 0.05).

What are null hypotheses and alternative hypotheses?

In null hypotheses, there is no relationship between the two phenomenons under the assumption or it is not associated with the group. And in alternative hypotheses, there is a relationship between the two chosen unknowns.

At a plant that manufactures bars of steel, a machine is used to cut the bars to specific lengths.

The machine has a dial that sets the length of the bars to be cut.

The dial is currently out of alignment and the plant manager is collecting data to assess the situation.

The following table shows 8 trials at different dial settings along with the actual output length of the bars that were cut.

All measurements are in millimeters.

Dail setting    Output length

     75                     78

     77                     79

     79                     82

     80                     83

     81                      85

     82                     83

     83                     86

     85                     88

A. The scatter plot is shown below.

Based on the scatter plot, a linear model seems appropriate to the model relationships between the dial setting of the machine and the output length of the steel bar.

The scatter plot shows the strong (r = 0.965), positive, linear association. There do not appear to be any outliners.

B.  From the data to construct a least-squares regression line to predict output length from dial setting. Then

y = (a + bx)

Let x be the dial setting machine and y be the output length of steel bars (in mm).

y = 2.204 + 1.007 x

C.  All conditions for inference are met. Indicate the hypotheses appropriate to test whether there is a linear relationship between output length and dial setting.

Let β be the true slope of the population regression line relating the dial setting of the machine (x) and the output length of the steel bars (y) at the manufacturing plant.

Null hypotheses (H₀) ; β = 0

Alternative hypotheses (Hₐ) ; β ≠ 0

Appropriate test = slope of regression line t-test.

D.  The test statistic for the appropriate test is t = 9.018 with 6 degrees of freedom (7 - 1)

The normal curve is shown;

Using calculator command t-CDF, with the alternative hypotheses as β≠0, then P-value = 0.0001.

In probability notation;

P(b≥0.017) = P(t≥9.018) = 0.00005

P-value = (2) × (0.00005) = 0.0001

P-value = 0.0001

Assume α = 0.05

Since our P-value (0.0001) is less than the significance level (α = 0.05), we do not convince statistical evidence that there is a linear relationship between output length and dial setting.

As the dial setting (x) increases, the output length of the steel bar (y) increases as well.

More about the null hypotheses and alternative hypotheses link is given below.

https://brainly.com/question/9504281

pls I need help with this math question.

Answers

Answer: -4096

Step-by-step explanation:

A motorcycle raced around a track at a speed of 110 miles per hour.

If the motorcycle raced for 0.5 hours, how many miles did it travel?

Answers

If it’s going 110mph, and the question if asking how many mph will it go for half an hour. Simply just take 110 divided by 2.
Which gives u 55

HELP ASAP!!!! 10 points!!

Answers

Answer:

a, b, c are all perfect square trinomials

Step-by-step explanation:

a)  (x+3)²

b) (w²-2)²

c) (xy-1)²

A group Students is painting a background piece for the school play what is the area of the part that is painted grey?​

Answers

Answer:

108 inches

Step-by-step explanation:

6X6X3

Malik bought a pack of erasers for $3.50 and some pencils for $0.99 each. He paid a total of $10.43. Which equation can be used to find the number of pencils Andrew bought? \

Answers

Answer:

The equation that can be used to find the number of pencils Andrew bought is:

x=(c-3.50)/0.99

Step-by-step explanation:

With the information provided, you can say that the total amount paid would be equal to the price of the pack of erasers plus the price per pencil for the number of pencils purchased, which can be expressed as:

c=3.50+0.99x, where:

c is the total cost

x is he number of pencils purchased

Now, you can solve for x in order to find the equation to calculate the number of pencils Andrew bought:

c-3.50=0.99x

x=(c-3.50)/0.99

According to this, the answer is that the equation that can be used to find the number of pencils Andrew bought is:

x=(c-3.50)/0.99

Which equations are equal to this equation? Select all that apply. 1/4(8x + 56) = 20 A. 56 + 8x = 80 B. 14 = 20 – 8x C. 2x + 14 = 5 D. 2x = 6

Answers

Answer: Hewo, there! your answer is below

B, C, D Are your Answers

Step-by-step explanation:

These Answers Are correct On Edge

Hope this Helps!!!

Have a great day!!!

Juan ran the lemonade stand for 3 more days after his
first day profit of $12. Each day, he used the money
from sales to purchase more lemons, cups, and sugar
to make more lemonade. The table shows how much
he spent and earned each day
What is the expression needed to find his total
eamings?
52
16-7-22 - 12 - 18-9
16-22-18-7-12-9
16-22-18-7-12-9
16 - 7 + 22-12-18-9

Answers

The answer: C/16 + (–7) + 22 + (–12)

Find the area of the figure below.



Use numbers only in your answer.

The area is
in².

Answers

Answer:

Area = 42 in^2

Step-by-step explanation:

here's your solution

=> divide above picture in two parts

=> rectangle and traingle

=> area of rectangle = length* width

=> area of rectangle = (5*6)in.

=> area of rectangle = 30 in^2

=> now, area of traingle = 1/2*base *height

=> area of traingle = 1/2*4*6

=> area of traingle = 12 in^2

=> area of figure = 30 in^2 + 12 in^2

=> Area = 42 in^2

hope it helps

Answer:

42 in.²

Step-by-step explanation:

We need to find the area of the rectangle and then the triangle and then add them up. For the rectangle its 6 x 5 = 30 and for the triangle its 6 x 4 = 24/2 = 12 *we have to divide by 2 because we are finding the area of a triangle*. So we add 30 + 12 = 42 so your answer is 42 in.²

:DDD hope I was able to help

PLZZ HELP ME!!!

ANY LINKS WILL BE REPORTED

Find the volume of this object.

Answers

Answer:

24 will be your answer.

Step-by-step explanation:

At a middle school, 74 students have freckles. There are 258 students in the school. To the nearest tenth of a percent, what percent of the students have freckles?

Answers

If there are 258 kids total in school, then let’s take it as 100%
And 74 kids have freckles, so we have to find the % of those kids with freckles.
258–100%
74-?%

Let’s find 1% of the kids.
258/100=2.58

Now let’s find the % of 74 kids.
74/2.58=28.68%~28.7%
(The percent of the kids with freckles is 28.7%)

What is the slope of the line?

Answers

Answer: -5/2

Explanation: Rise over Run. Since the line is going downwards, the slope is negative

2x+3=4x(3x-5)
what is the value of x

Answers

Answer:

X=11+ √157/12

x= 11-√157/12

Step-by-step explanation:

2x+3=12x^2 -20x

Move all terms to one side.

2x+3−12x2+20x=02x+3−12x ^2+20x=0

Simplify  

22x+3−12x^2=0

Use the Quadratic Formula.

a= -12

b= 22

c= 3

Just use photomath loll

An experiment consists of spinning a spinner. Use the results in the table to find the experimental probability of the spinner not landing on red.
Red = 8
Blue = 7
Green = 9
Yellow = 6

A. 3/5
B. 11/15
C. 2/5
D. 4/15

Answers

Answer:

Probability(Not red) = 11 / 15

Step-by-step explanation:

Given:

Outcomes;

Red = 8

Blue = 7

Green = 9

Yellow = 6

Find:

Probability(Not red)

Computation:

Probability(Not red) = 1 - Probability(red)

Probability(Not red) = 1 - [Number of red/ Total]

Probability(Not red) = 1 - [8/(8+7+9+6)]

Probability(Not red) = 1 - [8/30]

Probability(Not red) = 1 - [4/15]

By taking LCM

Probability(Not red) = (15 - 4) / 15

Probability(Not red) = 11 / 15

HELP ME PLEASE I'll give brainless.

Answers

MLJ is congruent to POL( corresponding angles)
POL= 59

i need help with this
Quadrilateral
Kite
Trapezoid
Isosceles Trapezoid
None of these
Rectangle
Square
Parallelogram
Rhombus

those r the options

Answers

parallelogram
hope it helps
the shape is a trapezoid

need by midnight pretty simple i just don't know how to explain it.​

Answers

Answer:

Side x is adjacent to 30° angle.

Correct method is:

cos 30° = x/15 ⇒ x = 15*cos 30° ⇒ x = 12.99

Diego is correct and Steven is wrong.

when finding sine consider the opposite side to the angle, not hypotenusewhen finding cosine consider adjacent side to the angle, not hypotenuse

Which diagram best represents the relationship among integers, rational numbers, and whole numbers?

Answers

The answer Is D,
Rational numbers, integers and whole numbers

ASAP, Please help me with this question this is time sensitive.

Erik buys a new combination lock for his locker at the gym. The lock has 3 dials, each with the numbers 0 through 9.

The probability that he sets the combination as 4-3-9 is _____.

Answers

Answer: did anyone find the answer???

Step-by-step explanation:

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