The Supply Model and Average Symptoms Calculation

What is the number of workers when the minimum wage is $5.15 per hour according to the supply model? What function models the average number of symptoms after a certain number of weeks?

Number of Workers Calculation:

The number of workers when the minimum wage is $5.15 per hour is approximately 4.93 million.

Average Symptoms Function:

The function that models the average number of symptoms, y, after x weeks is y = 0.8 + 0.45x. Number of workers at $5.15/hr: Approximately 4.93 million workers. Average symptoms after x weeks: y = 0.8 + 0.45x. For the first question: Given the supply model: p(h) = 0.375h + 3. We need to find the number of workers when the minimum wage is $5.15 per hour (h = 5.15). Substitute the value of h into the function: p(5.15) = 0.375(5.15) + 3 p(5.15) = 1.93125 + 3 p(5.15) = 4.93125 Rounded to the nearest hundredth, the number of workers is approximately 4.93 million workers. So, the correct answer is: 4.93 million workers. For the second question: The function that models the average number of symptoms, y, after x weeks is given by: y = 0.8 + 0.45x. So, the correct answer is: y = 0.8 + 0.45x.
← The versatile world of goat sheep and chyangra rearing A stock price prediction with dividend discount model →

More Posts: