When the Going Rate Is $10

question 84

Multiple Choice

When the going rate is $10.00 per hour, Ann wants to babysit 6 hours each week and Pat wants to babysit 4 hours each week. If the rate goes up to $12.00, Ann and Pat both double the number of hours they are willing to babysit each week. Based on this information, a combined supply curve will pass through the points:

• A) price = $10.00, quantity supplied = 20 and price = $12.00, quantity supplied = 10.
• B) price = $10.00, quantity supplied = 10 and price = $12.00, quantity supplied = 20.
• C) price = $10.00, quantity supplied = 6 and price = $12.00, quantity supplied = 4.
• D) price = $10.00, quantity supplied = 4 and price = $12.00, quantity supplied = 6.

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Definitions:

Positive Point

A specific location or aspect that is considered beneficial, advantageous, or of a positive nature in a given context.

Engineering Notation

A variation of scientific notation in which powers of ten are used, restricted to multiples of three to facilitate easier reading and interpretation by engineers.

Resistance

The property of a material or circuit that opposes the flow of electric current, converting electrical energy into heat.

Applied

In general context, "applied" refers to something that has been put to practical use or implemented in a real-world scenario, as opposed to being theoretical.