Answer:
The answer is attached for ease of understanding and reference.
Explanation:
Answer:
$31.25
Explanation:
40 hours a week x 4 weeks a month = 160 hours of work per month
$5,000 divided by 160 = $31.25
Answer:
Daily scrums provide the opportunity for the team members to think, reflect on, and adjust the work done on a project. This opportunity helps new team members to learn fast because of the interaction they share with experienced team members. This means that the experience of other team members rob off on the new team members during timeboxed scrums, making them to become more productive.
Explanation:
Scrum is an agile project framework or approach that requires team members to meet regularly to solve emerging problems, reflect on their work through a process of iteration, and map out ways to accomplish tasks quickly. Tasks are also prioritize based on the value that they contribution to the project development.
Answer:
a. positive, so Joan considers hamburger to be an inferior good.
Explanation:
Income elasticity is a microeconomic concept that aims to measure the sensitivity of demand in the face of income changes. To calculate the Income elasticity , a formula is used that divides the observed percentage change in quantity (Q) by the percentage change in price income (P): Elasticity = ▲ Q / ▲ P
The percentage change in quantity (▲ Q) and the percentage change in price (▲ P) are calculated by the difference in quantity / price in the two periods divided by the quantity / price of the first period.
▲ Q = (60 -50/60) = 0,16
▲ Q = (40.000 - 30.000/40.000) = 0,25
Elasticity = ▲ Q / ▲ P = 0,16/0,25 = 0,64
Therefore, the elasticity is positive.
This good is considered inferior, because according to microeconomic theory, inferior goods are those whose demand increases when consumer income decreases. This is the opposite of the normal good, which has its demand increased when income increases.
Answer:
(a) rr: 1/3, cr: 0.5, m:1.8 M: 1800
(b) 1500
(c) 200
