If you're currently making $6.75 per hour and you're offered a new job that pays $7.47 per hour, how much more would you make per hour at the new job?
kyle just started a new job that pays $7 per hour. He had been making $5 per hour at his old job. Kyle worked a total of 54 hours last month and made $388 before deductions. How many hours did he work at his new job?
kyle just started a new job that pays $7 per hour. He had been making $5 per hour at his old job. Kyle worked a total of 54 hours last month and made $388 before deductions. How many hours did he work at his new job?
I am getting thrown off by absolute advantage:Boston: Red Socks per worker per hour 3White Socks per worker per hour 3Chicago:Red Socks per worker per hour 2White Socks per worker per hour 1A) Without trade, what is the price of white socks (in terms of red socks) in Boston? What is the price in Chicago?This is my answer to this...
A student can work at a job that pays $4 an hour for 25 hours to earn $100 or can work at a second job that pays $5 per hour for $20 to earn $100. If the student spends time at each job, find two other amounts of time at each job needed to earn $100.
What David Ricardo saw was thát it could still be mutually beneficial for both countries to specialize and trade COUNTRY WHEAT WINE England (270) man hours) Portugal (180 man hours 15 10 30 15 BEFORE TRADE (i.e. NO TRADE, or AUTARKY) COUNTRY WHEAT WINE England (270) man hours) Portugal (180 man hours) TOTAL COUNTRY WHEAT WINE England (270) man hours)...
Every hour on the hour, a train leaves New York for Philadelphia while every hour on the hour, a train leaves Philadelphia for New York. The trip between the two cities takes exactly two hours. When a train goes from New York to Philadelphia, how many trains going in the opposite direction does it meet?
(3) Kyle gave Cartman the tableau of a max-LP to solve using the simplex method. The LP had two variables (x1, 22) and two < constraints. Cartman decided to play a joke on Kyle, so he (a) changed the coefficient of zi in the first constraint from 6 to 9, and (b) solved the LP as a min-LP With these...
Question 5 (20 points). Consider the following game between Kyle and Anna. The students are given $15 to split between them. Kyle makes the first move and offers Anna a portion of $15. If she accepts, the bargain is complete and the students each get an amount determined by Kyle's offer. If she declines, the $15 shrinks to $10 and...
There are two consumers in the economy, Will and Kyle. Will's demand for bananas is Qw(p) = 20 – 2P. Kyle's is Qk(p) = 20 – 0.5P. (a) What is Will's price elasticity of demand? What about Kyle? What does this depend on? (b) Find the market demand curve for bananas. (c) If p = 3, what is the price...