Jason, a high-school student, mows lawns for families in his neighborhood. the going rate is $12 for each lawn-mowing service. jason would like to charge $20 because he believes he has more experience mowing lawns than the many other teenagers who also offer the same service. if the market for lawn mowing services is perfectly competitive, what would happen if jason raised his price?

Answers

Answer 1
For the answer to the question above, I believe the answer is If Jason raises his price he would lose all his customers.

Because a teenager could do that and he doesn't need an experience for lawn mowing and if you'll gonna increase your price. Be sure that you offer something additional or something special. A price hike in a competitive market is not good at all. Whether it's a big or a small business
Answer 2

In a perfectly competitive market, if Jason raises his lawn-mowing service price to $20 from the going rate of $12, he is likely to lose customers as they can easily find other providers charging less for the same service.

If Jason, a high-school student, is working in a perfectly competitive market for lawn-mowing services and the going rate is $12, then if he tries to charge $20 for his services, he is likely to lose customers.

In a perfectly competitive market, there are numerous providers offering the same service, leaving no single provider with pricing power. Because customers can easily find other competitors providing a similar service at a lower price, they have no incentive to pay the extra cost, regardless of Jason's experience.

The law of supply also suggests that if Jason charges more than the going rate, the quantity of lawns he is hired to mow could significantly decrease.


Related Questions

What best describes the difference between the great leap forward in china and industrialization in europe? workers in the great leap made steel, while european workers were given steel during industrialization. the great leap featured communes without machines, while european industrialization included factories. workers in the great leap forward were given steel, while european workers made steel during industrialization. the great leap forward featured factories, while european industrialization included communes without machines?

Answers

The difference between the great leap forward in China and industrialization in Europe is described as the great leap featured communes without machines, while European industrialization included factories. Thus the correct answer is B.

What is industrialization?

When an economy transforms from being agricultural to being based on the production of goods, this process is known as industrialization. A lot of times, assembly lines take the place of artists and mechanical mass production replaces individual manual labor.

While European industrialization contained factories, the big leap included communes without machines. A quick shift from an agrarian to an industrial society was the goal of China's economic and social campaign known as the Great Leap Forward.

Therefore, option B is appropriate.

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The best description of the difference between the Great Leap Forward in China and industrialization in Europe is:
Workers in the Great Leap Forward were given steel, while European workers made steel during industrialization.

1. In the Great Leap Forward in China, workers were provided with steel by the government to meet production targets set by the communist party.
2. On the other hand, during industrialization in Europe, workers were involved in the process of making steel in factories using advanced machinery and techniques.
3. This difference highlights the contrasting approaches to industrial development in China and Europe during these historical periods.

When you send a formal report, proposal, brochure, or other similar material, you should include a short message, often called a ______________ , iden?

Answers

The short message usually included in sending a formal report, proposal, brochure, or other similar material is called a letter of transmittal or a covering letter. Occasionally, it substitutes for a summary at the beginning of the report.

A letter of transmittal is given in a letter or memo form which provides extra personal touch to formal reports. It is brief and follows this pattern:

 • an opening statement, “transmitting” the report to the reader and stating its purpose

 • a brief outline of the major conclusions or recommendations

• a note of gratitude  for any special help received from other employees

• a goodwill close which looks forward to future discussion or opportunities 

A cover letter should accompany formal documents, clearly stating the purpose, and should be concise to respect the recipient's time. It can take the form of a memo, letter, or formal report, and in very brief interactions, an elevator pitch may be used.

When sending formal documents such as proposals or reports, it is standard practice to include an accompanying message, often known as a cover letter. This helps the recipient immediately understand the purpose of the message.

For example, a subject line of 'Proposal Attached' or 'Your question from 10/25' makes it clear what the recipient can expect when they open the document. In the workplace, it's particularly critical to be succinct, presenting proposals that are directly to the point, as decision-makers may not have the time to read through lengthy reports.

The cover letter should indicate that the enclosed material is a proposal for a specific project, and it must include at least one motivating statement to encourage the reader to consider the proposal seriously. The content should provide a concise overview of the proposal, capturing the essence without delving into extraneous details.

Formats for sending this information can vary from a memo for internal communication, a letter for external communication, to a formal report depending on the recipient and content. An elevator pitch may also be used when proposals need to be extremely brief, such as when trying to gain interest in a short time span.

A unit just lost its conditional exemption (ce) authority. to whom do you report the violation?

Answers

A unit just lost its Conditional Exemption (CE) authority. To whom do you report the violation? EPA. The EPA is the United States Environmental Protection Agency which strives to protect our environment. When unit's lose their CE authority all future violations go through the EPA. 

A benefit that is sought by an interest group and that once achieved cannot be denied to nonmembers is called a:

Answers

A benefit that is sought by an interest group and that once achieved cannot be denied to nonmembers is called a free rider. The free rider problem is created from market failure because people take advantage of being able to use common resources or collective goods without being able to pay for them. 

Most managers get very little uninterrupted time to work on their priority tasks.
True or false

Answers

True because managers are in charge of everything that is under them.

Answer:

the answer 100% it's True

Explanation:

Which of the following is not a quality of a good employee? a. hardworking b. dishonest c. polite d. punctual

Answers

B. Dishonest u wouldn’t want to lie that’s not a good trait to a good employee
b. Dishonest

A hardworking employee completes the required tasks with energy and commitment. A polite employee can successfully trade and handle customers. A punctual employee completes tasks on time. 

Identity 5 Environmental issues that Pick n Pay will be able to address and how Pick n Pay will be able to address each environmental issue

Answers

The five (5) Environmental issues that Pick n Pay will be able to address and how Pick n Pay addresses each environmental issue are:

a. Energy efficiency - Pick n Pay have replaced harmful ozone-depleting HCFC-based refrigeration with a more natural refrigerant technology. 

b. Green products - Pick n Pay green products range are 100% recyclable with the active components made from natural and sustainable ingredients. Under customary environments, such as household drainage, the products biodegrade within six (6) days. 

c. Climate change - Pick n Pay has partnered with schools to make students aware of the importance of climate change that includes providing educational materials.

d. Waste management - Pick n Pay has created three (3) tiers for effective waste management that include: management of their own waste; packaging reduction; and consumer recycling. They have converted from the use of cardboard sleeves to paper labels. They have also converted from the use of plastic sleeves to board sleeves for their convenience food product lines. 

e. Vehicle emission and noise pollution - Pick n Pay uses ozone-friendly lubrication oils and diesel with low sulfur content. A low-noise system has also been introduced in all their fleet vehicles used for products distribution. 

Imagine that you work at a store which sells components and you have been made the facilitator of a group whose long term goal is to increase overall sales of the store. What would you do?

Answers

In order to increase the overall sales of the store, I would boost the store's marketing efforts. This includes investing in digital marketing such as on social media and search engines. I would also review the store's pricing strategies. Lowering the prices would increase revenues to make up for lower margins.
Final answer:

To increase overall sales of the store, implement effective marketing strategies, provide exceptional customer service, diversify product offerings, offer sales promotions, and manage inventory effectively.

Explanation:

To increase overall sales of the store, there are several strategies you could implement:

Marketing and advertising: Develop effective marketing campaigns, utilize social media platforms, and promote special offers to attract more customers.Customer service: Provide outstanding customer service to enhance the shopping experience and build customer loyalty.Product variety and quality: Stock a wide range of components and ensure their quality to meet the diverse needs of customers.Sales promotions: Offer discounts, bundle deals, or loyalty programs to incentivize more purchases.Inventory management: Optimize inventory levels to avoid stock-outs and ensure availability of popular components.

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Name and describe the type of economy a country will have when the central government makes all the economic decisions

Answers

central gov to produce and serve for others in an economically advancement to which all means are needed to improve others and prosper in control

In a company's SWOT analysis, which of the following is an example of a threat?
A.
The company makes a low quality product.
B.
The company's employees have bad morale.
C.
There are many competitors in the market.
D.
The market is not very saturated.


Please select the best answer from the choices provided

A
B
C
D

Answers

1 )  In a company's SWOT analysis, which of the following is an example of a threat?

In a company's SWOT analysis, if there are many competitors in the market, that can be an example of a threat. 

In a company's SWOT analysis, There are many competitors in the market an example of a threat. Thus, option C is correct.

What is a SWOT analysis?

Using SWOT analysis, a person or entity can determine their strengths, flaws, openings, and threats in relation to project planning or competitive business environments. Evaluation or situational evaluation are other names for it.

Opponents can have a big impact on a company's pricing strategy, product design, and operating model. Analyse your top rivals as part of the Situation analysis and note any characteristics that distinguish your business from others in the industry.

SWOT analyses provide a tonne of advantages and can highlight problem areas and window of opportunity. However, using this examination to take a closer look at what's happening within your business isn't the sole practical application. SWOT analysis of competitors takes the process outside, focusing on what your rivals are doing. Therefore, option C is the correct option.

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Modern Investments is a small business that focuses primarily on securities trading in South America. The company wants to issue a securities offering to the public worth $500,000. Modern Investments is:

Answers

Modern Investments is not exempted from registration requirements under Rule 504. Rule 504 of Regulation D provides an exemption from the registration requirements of the federal securities as defined by the SEC government laws. These regulations are made under the Securities Act 1933. 

What is the subject of federal open market committee decisions?

Answers

What is the subject of federal open market committee decisions? Level of interest rates and growth of the money supply. The federal open market committee makes decisions that they think will growth the supply of money within our economy and keep interest rates at an affordable level. This committee is part of the Federal Reserve Board that meets often to set the monetary policy and interest rates charged to banks. 
Final answer:

The subject of Federal Open Market Committee (FOMC) decisions is monetary policy and open market operations.

Explanation:

The subject of Federal Open Market Committee (FOMC) decisions is monetary policy and open market operations. The FOMC, which is a part of the Federal Reserve System, is responsible for making decisions about buying and selling U.S. Treasury bonds in order to influence the quantity of bank reserves and the level of interest rates. The FOMC meets regularly to discuss and set policies related to monetary policy and its impact on the economy.

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The federal funds rate target is the most frequently used monetary policy tool.
a. True
b. False

Answers

False is correct answer.

Because the federal funds rate target is not the most frequently used their monetary policy tool.

Hope it helped you.

-Charlie

_____ allow you to save money by having others prepay for your expense.

Answers

Prepaid cards/gift cards allow you to save money by having others prepay for your expense. Gift cards and repaid cards serve the same purpose essentially. Both are prepaid and preloaded by someone else (or you) and given to you so that your expenses are covered. This helps people save money since they aren't using their own funds. 

Prepaid cards and gift cards are both plastic pieces that can be used for purchase. Prepaid cards and gift cards allow saving money by having others prepay for your expense.

What are Prepaid cards or gift cards?

A flexible way to give the recipient money to buy whatever he or she likes seems more secure and touchable than the amount of money, and much easier than a personal check is called prepaid cards/gift cards.

Prepaid cards and gift cards are preloaded by someone else (or you) and given to you so that your expenses are covered. This helps people save money since they aren't using their own funds.

Thus, Prepaid cards and gift cards allow saving money by having others prepay for your expense.

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Stacy is a director of a senior center. every week she leads a group where the elders discuss past activities and experiences. the members of the group are encouraged to share anecdotes, old pictures, and other family memorabilia that remind them of significant events in their past. stacy's group is a form of:

Answers

For the answer to the question above,
stacy's group is a form of "reminiscence therapy"
This is an effective yet enjoyable way to connect with a person who's suffering from, dementia and to manage some of the distressing symptoms of dementia.
I hope this helps

The ability to carry money around is what characteristic of money

Answers

It is the portability of money.

Sophie asked to be the leader of a task group. the task she was asked to complete was a clear and urgent one. which leadership behavior would be best to use?

Answers

For the answer to the question above, I think the answer is "Authoritarian".

The Authoritarian are demanding and people under them must obey completely and refuse to allow them the freedom to act as they wish.

I hope my answer helps.

Devin, a junior sales coordinator, is resigning from his job. he writes an email to the top-level officials of his company and expresses his gratitude toward them for providing him with a fulfilling on-the-job experience. in this case, devin is engaging in _____. select one:
a. horizontal communication
b. upward communication
c. informal communication
d. downward communication

Answers

b upward communication

Answer:

Letter B is the correct answer.

Explanation:

Upward communication refers to the process of information flowing from the lower levels of hierarchy to the upper levels. In this case, the lower level is the one occupied by Devin, since he is a junior sales coordinator, while the upper levels are the top-level officials of his company. Due to this, it is the correct answer.

Marianne is the payroll manager at johnson manufacturing. she wants to upgrade the department's accounting systems. to whom would it make most sense for her to send her request for an upgrade?

Answers

 


Answer: to a Director of Management Information Systems.

If Marianne, the payroll manager at Johnson manufacturing wants to upgrade the department's accounting systems, the person whom she would make the most sense to send her request for an upgrade is to a Director of Management Information Systems.

A Management information systems (MIS) director contributes to growth in companies by improving information technology activities and computer resources. They also manage technical departments within an organization and ensure data is available, accurate and secure.

Answer:

Director of Management Information Systems

Explanation:

Management of Information Systems is a storage or database in which data, files or information containing the finances of an organisation or business is kept and stored properly. The Management of Information Systems give reports concerning every department on a regulate basis.

The Management of Information system is also upgraded as much as possible in order to obtain the adequate amounts of response.

Functions of a Management of Information system includes:

a. Storage of employee data

b. Adequate payroll of the staff of a business.

c. Storage of essential company files.

d. Upgrade of the systems of a particular department in an organisation.

In order to carry out an upgrade of the accounting systems of an organisation, an upgrade request should be sent to the Director of Management Information Systems.

Which calculation helps determine which producer has the absolute advantage? Resources used multiplied by amount produced
Amount produced divided by resources used
Amount produced minus resources used
Resources used divided by amount produced

Answers

Answer

The calculation that helps to determine which producer has the absolute advantage is:

B. The amount produced divided by resources used

Explanation

Productivity is calculated by dividing the amount of output produced by the inputs used in its production process. The size of the output is divided by the resources used to produce the goods to determine the advantage/profit acquired in a business process.This will give the producers ultimate advantage as compared to number of time the bussiness will pay back.


Amount produced divided by the resources used, is the calculation that helps to determine which producer has the absolute advantage.

The performances of a company’s production process measures its productivity.

Further Explanation

Productivity of a company is calculated by dividing its output and the input that are used in the process of production. Common inputs in this case can be natural or capital resources and labor hour, while output are measured by the sales or amount of goods produced by the company.

Productivity can be calculated by the amount of unit produced by a company relative to its labor hour or by measuring the company’s revenue relative to employee labor hours.

However, the overall labor productivity can be calculated by dividing the goods and services a company produced by the employee total hour during a particular period of time.

In a situation where a company had an output of 4,000 units in a month and its input was 4,000 hours of labor, the productivity for such company is 10. This implies the output (40000) is divided by the labor input (4,000), which is equals to 10. This also means that the number of units produced by the employee per hour is 10 in the previous month.

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KEYWORDS:

productivitycompany's output and inputlaborgoods and servicesemployee

Orlando wants to become a Certified Public Accountant. Which career cluster is he interested in?

Answers

Business, Finance & Accounting. 

Answer:

c. Finance

Explanation:

plato users

James invested some money at 7% interest. james also invested $75 more than 2 times that amount at 13%. how much is invested at each rate if james receives $1105.35 in interest after one year? (round to two decimal places if necessary.)

Answers

Given: Let x be the investment
x at 7% interest --> (1+0.07)x = 1.07x
$(75+2x) at 13% interest = 1.13 (75+2x)
                                        = 84.75 + 2.26x
If James receives $1105.35 by the end of the year, then:
1.07x + 84.75 + 2.26x = 1105.35
             1.07x + 2.26x = 1105.35 - 84.75
                          3.33x = 1020.60
                  3.33x/3.33 = 1020.60/3.33
                                 x = 306.4864 or 306.49

Next is substitute the value of x.
For 7% interest: 1.07 (306.49) = $327.94
For 13% interest: 84.75 + 2.26 (306.49) = $777.42

Decision support systems support optimization, satisficing, and heuristic approaches.
a. true
b. false

Answers

Decision support systems support optimization, satisficing, and heuristic approaches. True. A decision support system is made up of computer programs and data that help make analysis and decisions within an organization. This process helps make decisions for the company and supports their programs to make the best decisions overall. 

Which license is required to deal in commodity futures contracts?

Answers

commodity broker license or the CTA license

Answer: Series 3 exam is what they have to pass.

Explanation: fact checked it.

Suppose roses are currently selling for $40 per dozen, but the equilibrium price of roses is $30 per dozen. we would expect a

Answers

Final answer:

The situation described represents a surplus in economics. We'd expect the price of roses to decrease over time to reach the equilibrium price as sellers lower their prices to sell their surplus roses.

Explanation:

In economics, the situation you're describing, where roses are selling for more than the equilibrium price, is called a surplus. When the price of an item is higher than the equilibrium price ($40 > $30 in this case), it creates a situation where the quantity supplied exceeds the quantity demanded. Consequently, we'd expect the price to decrease over time to reach the equilibrium price, which is the price where the quantity supplied equals the quantity demanded. As this happens, sellers will begin to lower their prices in order to sell their surplus roses, leading to a market price that eventually stabilises at $30 per dozen.

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Which examples would a student of macroeconomics study? check all that apply. the impact of competition on a bakery the effects of a tax increase on the gross domestic product the influence of economic challenges, such as inflation and unemployment the effect of rising interest rates on the purchasing decisions of individuals the result of a major government spending program on the national unemployment rate?

Answers

Answer:

2,3,5

Explanation:

Answer:

Explanation:

x the impact of competition on a bakery

* the effects of a tax increase on the gross domestic product

*the influence of economic challenges, such as inflation and unemployment

x the effect of rising interest rates on the purchasing decisions of individuals

*the result of a major government spending program on the national unemployment rate

In the past, there were 20 times more children than older people. then there were 7 times more people under age 15 than over age 64. currently, there are 3 times as many children as there are elders. these changes in the age make-up of the population are referred to as a(n) "_____."

Answers

For the answer to the question above,
these changes in the age make-up of the population are referred to as a "DEMOGRAPHIC SHIFT"

Demographic Shift is the transition from high birth and death rates to lower birth and death rates as a country or region develops from a pre-industrial to an industrialized economic system.
Final answer:

Changes in the population age structure, with fewer children and more older adults, are known as demographic transition, which illustrates a society's development and shifting population dynamics.

Explanation:

The changes in the age makeup of the population with a decrease in the proportion of children and an increase in older adults are referred to as demographic transition. This term reflects shifts in a society's population structure, often from high birth and death rates to lower rates as a country develops economically and socially. For instance, the U.S. population has seen a significant aging trend with the proportion of seniors tripling over the past century while the proportion of children has decreased. The historical data, like in Figure A6, shows this transition, with an increasing share of the population being categorized in the 65 and older age group, which is represented by the orange tier in the graph that increases in size over time. Demographic transition impacts various facets of society, including labor markets, healthcare, and social security systems.

Identify the percent increase in total sales and the percent increase in sales of jackets. then find which percent of increase is greater and by how much greater it is than the other. (round your answer to the nearest tenth.)
a. sales of jackets increased 3.6 percentage points faster than total coat sales.
b. sales of jackets increased 18.8 percentage points faster than total coat sales.
c. total coat sales increased 8.1 percentage points faster than sales of jackets.
d. total coat sales increased 24.5 percentage points faster than sales of jackets.

Answers

The correct option is a. sales of jackets increased 3.6 percentage points faster than total coat sales, the percent increase in total sales and the percent increase in sales of jackets.

To solve this problem, we need to follow these steps:

1. Calculate the percent increase in total sales.

2. Calculate the percent increase in sales of jackets.

3. Determine the difference between the two percent increases.

4. Round the difference to the nearest tenth.

5. Compare the percent increases to find which is greater and by how much.

Let's assume the following hypothetical data for the purpose of illustration:

- Initial total sales: $100,000

- Final total sales: $120,000

- Initial sales of jackets: $20,000

- Final sales of jackets: $25,000

Now, let's calculate the percent increases:

Percent increase in total sales:

[tex]\[ \text{Percent increase} = \left( \frac{\text{Final sales} - \text{Initial sales}}{\text{Initial sales}} \right) \times 100\% \][/tex]

[tex]\[ \text{Percent increase in total sales} = \left( \frac{120,000 - 100,000}{100,000} \right) \times 100\% = 20\% \][/tex]

Percent increase in sales of jackets:

[tex]\[ \text{Percent increase in jacket sales} = \left( \frac{25,000 - 20,000}{20,000} \right) \times 100\% = 25\% \][/tex]

Now, we find the difference between the two percent increases:

[tex]\[ \text{Difference} = 25\% - 20\% = 5\% \][/tex]

Since we are looking for the option that tells us which percent of increase is greater and by how much, we compare the calculated difference with the options provided:

a. 3.6 percentage points faster for jackets

b. 18.8 percentage points faster for jackets

c. 8.1 percentage points faster for total sales

d. 24.5 percentage points faster for total sales

The calculated difference of 5% is closest to option a, which states that sales of jackets increased 3.6 percentage points faster than total coat sales. Therefore, the percent increase in sales of jackets is greater than the percent increase in total sales by 3.6 percentage points.

The final answer, rounded to the nearest tenth, is that sales of jackets increased 3.6 percentage points faster than total coat sales, making option a the correct choice.

This is an exit strategy when an entrepreneur sells his or her company to its managers

Answers

This is an exit strategy when an entrepreneur sells his or her company to its managers a management buyout. Management buyout, MBO, is defined as a transaction where a company's management team will purchase assets and operations within the business that they manage. The can purchase from within their organization or from other parent company's. This technique gives the person/company a shortcut to having more financial freedom. 

Answer:

The statement is True.

Explanation:

Entrepreneurs are the highly motivated, innovative, great minds with new and fresh ideas, who set up their own business. They usually start their business at a small level and gradually increase it with the passage of time. They are responsible for the profits and losses of the business that they have established. If their business is not doing according to their expectations, then they sell their running business to the managers or other members of their company. This is considered to be the exit strategy for them to minimize the possible losses. This is again a wise decision indeed.

Which of these sentences is correctly written and punctuated? Keeping his active mind challenging Roosevelt improved his stamp collection, and read books on American history, politics, and biography. To keep his active mind challenging, Roosevelt improved his stamp collection, reading books on American history politics and biography. Keeping his active mind challenged Roosevelt improved his stamp collection reading books on American history, politics, and biography. To keep his active mind challenged, Roosevelt improved his stamp collection and read books on American history, politics, and biography.

Answers

The seconds one is the correct answer

Answer:

B.  To keep his active mind challenging, Roosevelt improved his stamp collection, reading books on American history politics, and biography

Explanation:

Hope this helps :D

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Read these lines from the poem.Thus I am lord of the Desert Land,And I will not leave my bounds,To crouch beneath the Christians hand,And kennel with his hounds:What do these lines suggest about how the Bushman views the white man?He appreciates the white man for sharing his knowledge with others.He disrespects the white man for his inability to survive in nature.He admires the white man for his ability to take control of situations.He resents the white man for his disrespectful treatment of others. How much energy is required to ionize hydrogen when it is in the n = 4 state? express your answer to three significant figures? Why do government agencies often request larger budgets than they actually need? Which is equivalent to 4 square root 9^1/2x? Choices are: A) 9^2x B) 9^1/8x C) square root 9^x D) 6 square root 9^x To end its participation in World War I, Russia negotiated the peace agreement. Anyone know the answer? John would like to move from the suburbs into the city, but the rent in the city is very high. John has found an apartment he really likes, but he can only afford about 60% of the monthly rent. What is the best housing option for John? list one similarity and one difference between the government of the Rome Republic and the United States Name 2 things that the Egyptians learned from the Hyksos Confessional poets use _____ language to describe _____. In india, gandhi is known as the 'father of the nation' and his birthday is celebrated as a national holiday. a. True b. False How did roman conquest in Europe and the Mediterranean influence the culture of those regions Which health benefit occurs immediately after a person quits using tobacco?breathing becomes easiercilia regain normal functionblood pressure fallscirculation improves When two chromatids pair up, what is that location called? What is a work that idealizes the simple shepherd's life Miss Nelson Has a rectangular flower box that is 5 ft long 2 ft tall she wants the width of the box to be no more than 5 ft if the width is a whole number what are the possible volumes for the flower box What is the slope of a line parallel to the line whose equation is 3x - 4y = 8?A. -4/3B. -3/4C. 3/4D. 4/3 The hyperbola (x-5)^2/7 - (y+3)^2/9 = 1 is shifted to the right by 4 units and upward by 3 units. the new center of the hyperbola is Heart 1 is translated 3 units down to heart 2. Which shows this transformation?images go to 1 2 3 4ANSWER ASAP PLEASE I BEG! ILL FAIL! IF NOOOOOT! Write a brief dialogue that reflects the principles of paraphrasing, being other focused and validating emotions.