Use the Following to Answer Questions

question 75

Short Answer

Use the following to answer questions :
The annual salaries of six employees of a company are as follows:
$22,000 $35,000 $22,000 $46,000 $57,000 $51,000
-The mean salary of these employees is:

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Definitions:

Demand Curve

A graphical representation showing the relationship between the price of a good or service and the quantity demanded over a period of time.

Profit-Maximizing Output

The level of production at which a company achieves the highest possible profit.

Antimacassars

Protective coverings placed over the back or arms of furniture to prevent dirt or wear, often made of lace or embroidered fabric.

Labor Supply Curve

A graphical representation showing the relationship between the wage rate and the quantity of labor workers are willing to provide.