A minimum wage policy induces an: Select one: a. elastic labor supply response. b. excess supply of labor. Correct c. excess demand for labor. d. efficient market outcome. Suppose the demand and supply curve for good X are as follows: PD = 533 – 5Q PS = 122 + 3Q where P is the price of X and Q is the quantity. Suppose an excise tax of $8 per unit of X is assessed on this market. What is the new equilibrium quantity of X? Answer Feedback The correct answer is: 50.375 Use
Premium Supply and demand
pins‚ buttons‚ or brooches. This was also worn as a full length garment‚ more on the conservative side. Another source of clothing‚ which helped fight those cold winter nights‚ would be the Himation. It resembles a cloak in a way. Produced by heavy wool and fashioned by a rectangular material‚ draped over a person like a Roman toga. The garment served a dual purpose‚ especially for men. Soldiers compromised and used them as a warm blanket during the cold nights in the wars. Greek woman wore epiblema
Premium Ancient Rome Ancient Greece Greece
managers use the opportunity to get inspired for their future coat models. Production of the coat‚ however‚ starts on the other side of the planet‚ in Australia. The world’s best wool can be found in Australia‚ the major player of wool production in the global economy. About 6’000 miles away from Australia‚ the same wool is received by OCN Mills India‚ the biggest textile producer. Although India used to have a
Premium Economics International trade Marketing
DOC #1 This document would help support the geographical/resource paragraph for the essay question – essentially‚ England had coal which powered machines‚ iron which created the machines and wool which the machines made into thread and then textiles. If the map is to scale‚ it is easy to infer that the resources were fairly close to canals or ports which meant less expense and faster shipping to the factories. DOC#2 This document supports the geographical/resource paragraph for the essay
Premium Assembly line Essay Industrial Revolution
For centuries‚ wool and linen cloth were the mainstays of Greek apparel‚ with silk eventually added as a suitable fabric. Using one or two pieces of cloth‚ the material could be fashioned into a decorative garment for men and women. The times dictated longer tunics for
Premium
higher social class than the performer. While some women were wealthy‚ most were not‚ and they played the role of a slave‚ entertainer‚ or laborer. Sources 1 and 5 show that women were often used as workers‚ performing menial tasks such as working wool and collecting water‚ emphasizing the role of the laborer or slave that women played in daily life. Source 2 depicts a well-dressed woman‚ which at a first glance‚ seems to indicate that she was living a good life‚ but the fact that she is present
Premium Ancient Greece Social class Woman
their resiliency in tough times‚ Aminata remained resilient even though she was not with her children. She always remained steadfast that she would overcome through her resiliency even after hearing “You don’t own that baby any more than you own the wool on your head. They both belong to me” (179). She kept steadfast even though she missed her children “the way I’d miss limbs from my body” and the thought of one day being reunited with them. Similar to Aminata’s hardships‚ Laila also endured the hardships
Premium Psychological resilience Psychology English-language films
Emily Reese Eco 202 Professor Livingston 9/17/2014 “I‚ Pencil” and “I‚ Lipstick” Part 1: Leonard E. Read’s essay‚ “I‚ Pencil” is a short essay that explains important economic lessons through the point of view of a pencil. This essay teaches two important economic lessons about trade-offs and specialization. These two economic ideas are seen throughout Read’s entire essay. The lesson of trade offs is seen in this quote: “Each of these millions sees that he can thus exchange his tiny know-how for
Premium Domestic sheep
Task 3: M1 I weighed my paracetamol tablets before I started the experiment so I was able to work out the percentage yield and percentage purity. If I never weighed the paracetamol tablets which I used‚ the calculations wouldn’t be accurate. I warmed the two paracetamol tablets with propanone in warm water in order to dissolve the paracetamol and soluble impurities. This then left the undissolved material which I was then allowed me to carry out filtration and remove any insoluble impurities. The
Premium Chemistry Water Test method
clothing‚ such as military jumpsuits‚ that signified war and the military. There were many laws and restrictions against women’s fashion during these times; women’s silhouettes‚ their lengths of garments‚ their garment colors‚ and the fabrication usage. Wool and nylon were mostly for garments and other casual clothing because the textiles were needed for those in the war. The laws against fashion were in play until after the war in 1945. Though the war ended‚ some women still kept the war fashion style
Premium World War II