Certain skilled labor, such as hair cutting, requires licensing or certification, which is costly and takes a
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 37% (8 reviews)
The price elasticity of supply would increase become ...View the full answer
Answered By
Munir Ahmed Jakhro
I am professional Tutor of of Business Courses, I did my four years Bachelor Degree from one of the Top Business schools of World "Institute of Business Administration" in year 2013. Since then I have been working as Tutor of Accounting, Finance tutor on different online platforms like this website. I am have experience of 6 years teaching business courses to students online and offline my professional job at national savings also helped me in accounting understanding .
4.90+
8+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
What is the price elasticity of supply of Picasso paintings?
-
Is the price elasticity of supply usually larger in the short run or in the long run? Why?
-
Explain what would happen in Problem 8 if international capital flows were perfectly elastic.
-
A card is drawn at random from a deck of 52 playing cards. Find the probability that it is a club or a king.
-
1. For each CardioGood Fitness treadmill product line (see the CardioGoodFitness file), construct two- way contingency tables of gender, education in years, relationship status, and self- rated...
-
Country A and country B both have the production function Y = F(K, L) = K1/2L1/2. a. Does this production function have constant returns to scale? Explain. b. What is the per-worker production...
-
A company is conducting an online survey of randomly selected U.S. adults to determine how they read books during the past year, if at all. So far, 1490 adults have been surveyed. The pie chart shows...
-
Use Worksheet 11.1 Linda Scales is a young career woman whos now employed as the managing editor of a well-known business journal. Although she thoroughly enjoys her job and the people she works...
-
The Shirt Works sells a large variety of tee shirts and sweatshirts. Steve Hooper, the owner, is thinking of expanding his sales by hiring high school students, on a commission basis, to sell...
-
Your company, Vuli Pty Ltd, was recently engaged by a water utility to develop a program for a system that calculates a customer's monthly water usage bill using the tariffs set forth in Table 1 and...
-
Which will have a more price-elastic supply over six months: real estate in downtown Manhattan or real estate in rural Oklahoma? Explain your reasoning.
-
Although we could describe both the cross-price elasticity of demand between paper coffee cups and plastic coffee lids and the cross-price elasticity of demand between sugar and artificial sweeteners...
-
Could a companys cash flow to stockholders be negative in a given year? Explain how this might come about. What about cash flow to creditors?
-
Zoe Corporation has the following information for the month of March: Cost of direct materials used in production $19,720 Direct labor 28,155 Factory overhead 35,939 Work in process inventory, March...
-
The foot of a uniform ladder of length 10m is on rough horizontal ground while the top rests on a smooth vertical wall. The weight of the ladder is 300N, and a girl weighing 200N stands on the ladder...
-
A company's inventory records report the following: August 1 August 5 August 12 Beginning balance Purchase Purchase 23 units @ $13 18 units $12 22 units @ $13 On August 15, it sold 46 units. Using...
-
Discuss the biogenesis of mitochondria and chloroplasts in eukaryotic cells. What are the key differences between these organelles in terms of their origin, structure, and function ?
-
According to the psychologist (Thorndyke), what does the life of an animal consist of and what does the life of a human being consist of and which is, therefore, of greater value?
-
Write each rational expression in lowest terms. 12x + 6x 24x+12
-
1. Which of the four major types of information systems do you think is the most valuable to an organization? 2. How do you critically associate the ideas of business agility and business efficiency...
-
1. Suppose the average annual malpractice cost is $40,000 for reckless doctors and $2,000 for careful doctors. If half of an insurance company s insured doctors are reckless, the company will earn...
-
1. Suppose the average annual malpractice cost is $40,000 for reckless doctors and $2,000 for careful doctors. If half of an insurance company s insured doctors are reckless, the company will earn...
-
1. Suppose the average annual malpractice cost is $40,000 for reckless doctors and $2,000 for careful doctors. If half of an insurance company s insured doctors are reckless, the company will earn...
-
Identify an area of Financial Services where you feel significant opportunities lie in relation to process management. Why do you feel this?
-
1. Given the functions f(x) = x + 1 and g(x) = 3-x, determine an equation for the combined function y = f(x)+ g(x). 2. If f= {(-7, 1), (-5, 8), (3, 11), (5,-1)) and g = {(-6, 4), (-5, 3), (-1, 7),...
-
What is urban economics and what components of a city usually results in higher demand of a city's real estate. Describe at least three
Study smarter with the SolutionInn App