Kate Is a Personal Trainer Whose Client William Pays $80

question 134

Multiple Choice

Kate is a personal trainer whose client William pays $80 per hour-long session. William values this service at $100 per hour, while the opportunity cost of Kate's time is $75 per hour. The government places a tax of $10 per hour on personal trainers. After the tax, what is likely to happen in the market for personal training?

• A)Kate and William will agree to a new price somewhere between $85 and $100.
• B)Kate and William will agree to a new price somewhere between $70 and $110.
• C)Kate will no longer offer personal training services to William because she must charge more than $100 in order to cover her opportunity costs and pay the tax.
• D)The price will remain at $80, and Kate will pay the $10 tax.

Distinguish between the autonomic and somatic nervous systems, including their subdivisions and functions.

Recognize the anatomical structures relevant to the nervous system, including neurons and synapses.

Describe the biochemical basis of neurotransmission, including the role of neurotransmitters.

Explain the physiological basis of neural networks and how they support cognitive and motor functions.

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Definitions:

Batch Setup

Batch setup involves the processes and activities necessary to prepare equipment and facilities for the production of a batch of goods.

Human Resource Management

The strategic approach to the effective management of people in an organization to help the business gain a competitive advantage.

Facility-level Activity

Activities and costs incurred that support the entire company and cannot be traced to individual products or services.

Product-level Activity

Actions or operations that are conducted to support or produce specific products, often analyzed in activity-based costing.