Brian S.

This question is posted twice, see also, jiskha id=1281905058 The employer is seeking to maximize profits, generally expressed as revenues - costs. The employer may presume the total output will also shrink by opting for the lower hourly rate, therefore e...

^ irony.

The employer also has to train you and hope you eventually attain George's speed, lowering their average profit via lower average revenue, for the short term. If you can match George's ratio of revenue to cost (5:1 above), then you would be worth hiring t...

6) Unitary elastic. % change in price = ($2.00-1.50)/2.00 = 25% % change in qty demand = (500-400)/400 = 25% elasticity = % qty / % price = 1 When elasticity is exactly 1, this is referred to as unit elasticity.

7) P = 1000 - 2Q One good visual method to figure out the quantities which will let us find the optimal quantity using the midpoint is to test each proposed quantity, Given Formula = Qty Sold Revenue(PxQ) Profit $1000: 1000 = 1000 - 2Q. Q = 0 R = 0 Pr = 0...

Agree with this solution. Worth pointing out that x = 76 - y originates from the formula x + y = 76. In case Jay / anyone else can't seem to get that far when solving similar problems on their own. 5x + 10y = 555 because a nickel is worth 5 cents and dime...

It's a union, so it includes all of A and B. Since the members of A already exist in B, the answer is simply B. Write it out brackets and all, and reap your points.

how do you post links in answers? It won't let me for some reason.

the "grouping" is just a math term for the part of the equation in parentheses. so, -(100 - 8 x 3) = -(100-24) = -(76) = -76 hooray math!

because they might cause an earthquake if they're not careful