What’s wrong with this picture?Describe the what is wrong about this job announcement using the laws of supply and demand to make your point. **Classifieds Section Analysis**In this image, we have a snapshot of the classifieds section from a newspaper, which has various job listings. Among the visible listings, one specific ad stands out and is circled for emphasis. Below are the details of each listing within the visible section:1. **NURSES** St. Bart's Hospital seeks RNs and LPNs with a minimum of two years' experience. Basics of this job include a starting bonus/ pay of up to $28-$34/hr. Contact: Call 555-29112. **PLUMBER** Wanted for small local building contractor. The position offers $22/hour to start. Contact: Call 555-18373. **NO EXPERIENCE REQUIRED** This advertisement is circled and highlights a job that involves typing envelopes at home. The job offers a pay rate of $40-$100 an hour. It requires at least a high school diploma. Contact: Call 555-2918 to schedule an interview.4. **CAR SALES** If you’re a genuine self-starter, then opportunity knocks at Mike’s Auto. Begin immediately and earn great wages plus commission. Contact: Call 555-01825. **RECEPTIONIST** A local print shop is looking for a receptionist. The job demands good typing and speaking skills and offers $11/hour to start. There's also an opportunity for training for a higher position. Contact: Call 555-3529 and ask for Diane**Graph/Diagram:**There is no graph or diagram included within this image.**Exercise/Question:**The text above and to the right of the "Classifieds" section lists a task: 11. What’s wrong with this picture? Describe what is wrong about this job announcement using the laws of supply and demand to make your point.**Explanation:**Students are expected to analyze the listings and use the principles of supply and demand to identify any discrepancies or unusual offers, such as the seemingly high pay for a job that requires "NO EXPERIENCE," which might be unrealistic or a red flag for possible scams.

Eqm wage rate is determined by the intersection of dd(demand for labor) and ss(supply) of labor.…

Classifieds NURSES NO EXPERIENCE REQUIRED St. Bart's Hospital seek RN and LVN, with minimum two years Experience. Hourly from 825 to $45/hr Type envelopes at home and earn $10-$100 an hour. High school diploma a must. Call 555-2918 to schedule an interview. Call 553-9111 PLUMBER wanted b local building contracto $22/1r to start. Cashiers and servers for restaurant. Must 555-1837 Juave CAR SALES If you're a namic self-starter, then portunity knocks at Har's Autos Call 533-0182 Roce mast potion avail 4/1 a cal print shop. Good manes and speaking voice reged. $11/bour to ata Opportunity to train higher position. Call 555-3829 and ark for Duane. Describe what is wrong about th announcement using the laws of and demand to make your point

Classifieds NURSES NO EXPERIENCE REQUIRED St. Bart's Hospital seek RN and LVN, with minimum two years Experience. Hourly from 825 to $45/hr Type envelopes at home and earn $10-$100 an hour. High school diploma a must. Call 555-2918 to schedule an interview. Call 553-9111 PLUMBER wanted b local building contracto $22/1r to start. Cashiers and servers for restaurant. Must 555-1837 Juave CAR SALES If you're a namic self-starter, then portunity knocks at Har's Autos Call 533-0182 Roce mast potion avail 4/1 a cal print shop. Good manes and speaking voice reged. $11/bour to ata Opportunity to train higher position. Call 555-3829 and ark for Duane. Describe what is wrong about th announcement using the laws of and demand to make your point

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

The answer displated chopped and cut, but i think i gathered it. Follow up questions Determine the revenue at a price of $25 Which price will yield a higher revenue? $28 or $40?
Calculating Price Elasticity Qd = 30 – 3*P P = 2 P = 5 P = 8 P = 6 Calculate elasticity of the price levels shown from 1 to 4. Identify if this product is elastic, inelastic, or unit elastic. Show your work. As we move along the demand curve, what happens to elasticity?
The government passes a new law that allows businesses to receive wage subsidies, then: Supply curve for workers will shift to the right Supply curve for workers will shift to the left. Demand curve for workers will shift to the left Demand shift for workers will shift to the right. Both Supply and demand will shift to the right.
I can't seem to figure out how to fill this table out.
Laptop Scenario: Explain why the price you proposed would maximize your revenue using the principles of supply and demand.
Price ($) 1000 500 300 0 300 500 Supply Demand What is the total cost of producing 300 iPads? 1000 Quantity
Why do you think it is important for managers to understand the mechanics of short- and long-term supply and demand? Give examples of companies whose business has been helped or hurt by changes in supply or demand in the markets in which they have been competing.
An increase in quantity demanded is caused by an increase in the price of a substitute of the product. an increase in consumers' income. a decrease in the price of the product. a shift in tastes and preferences.
ONLY TYPED SOLUTION
Question 8.8. Consumers express self-interest when they seek the lowest price for a product. reduce business losses. collect economic profits. search for jobs with the highest wages.
The elasticity of demand is used to determine if a change in price results in a shortage or a surplus. find the market equilibrium. determine if consumers will or will not buy a product. measure how responsive consumers are to a change in price. determine in what direction the demand curve shifts if income changes.
Consumers express self-interest when they seek the lowest price for a product. reduce business losses. collect economic profits. search for jobs with the highest wages