pickleco, a pickle-producing firm, hires labor and capital in perfectly competitive factor markets. the firm is minimizing its costs at the current production level. the marginal product of labor is 100 units and the marginal product of capital is 60 units. if the rental price of capital is $12, what is the wage pickleco is paying its workers? responses

Answers

Answer 1

Pickle, a pickle-producing firm, hires labor and capital in perfectly competitive factor markets. the firm is minimizing its costs at the current production level. the wage Pickleco is paying its workers is  $720.

What is the wage?

Generally, To find the wage that Pickleco is paying its workers, we can use the principle of marginal cost equal to marginal revenue product. This states that the cost of each additional unit of a factor of production (in this case, labor) should be equal to the revenue that the firm receives from using that unit of the factor.

The marginal revenue product of labor is the marginal product of labor (100 units) multiplied by the price at which the firm can sell each unit of its product. If we assume that the firm is operating in a perfectly competitive market and is a price taker, then the price at which it can sell each unit of its product is equal to the market price.

If the rental price of capital is $12 and the marginal product of capital is 60 units, then the marginal cost of capital is $12 per unit * 60 units = $720.

If the marginal cost of capital is $720 and the marginal product of labor is 100 units, then the marginal revenue product of labor is $720. This means that the wage Pickleco is paying its workers is equal to the marginal cost of labor, which is also $720.

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Related Questions

The revenue recognition principle requires that........ (choose one)
1. revenue be recognized only after the cash payment has been received.
2. only the amount of revenue for which cash will be received in the current fiscal year be recognized in the current year.
3. allows considerable latitude in the timing of revenue recognition.
4. revenue be recognized in the period when the firm becomes entitled to payment for goods or services delivered.

Answers

Option 4 is correct. The revenue recognition principle requires that revenue be recognized in the period when the firm becomes entitled to payment for goods or services delivered.

The revenue recognition principle is a fundamental accounting principle that guides how and when revenue should be recorded in financial statements. It ensures that revenue is recognized in a timely and appropriate manner, reflecting the economic substance of transactions.

The principle emphasizes that revenue should be recognized when it is earned and realizable, regardless of when cash is received. It focuses on the transfer of goods or services to customers, which indicates that the company has fulfilled its performance obligations.

Recognizing revenue when the company becomes entitled to payment ensures that financial statements provide accurate and reliable information about the company's performance and financial position.

It also allows for comparability between different periods and provides transparency to investors, creditors, and other stakeholders. By following the revenue recognition principle, companies can demonstrate the true value they have created through their operations and enable users of financial statements to make informed decisions.

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Which of the following is most likely to create a long-term trend?
A. Fashion
B. Entertainment
C. Television shows
D. Demographics

Answers

Demographics is most likely to create a long-term trend. Demographics is the study of the characteristics of human populations, such as age, sex, education, income, and race. The correct answer is option D.

These factors have a significant impact on consumer behavior, and thus, they can create long-term trends in the marketplace. As people age, their preferences change, and they tend to consume different products and services. For example, as the baby boomer generation has aged, there has been a trend towards products and services that cater to their needs, such as retirement communities, healthcare, and leisure activities.

Additionally, changes in education, income, and race can create new trends in consumer behavior. For example, if there is an increase in the number of people with higher education degrees, this could lead to a trend towards products and services that cater to their needs, such as high-tech gadgets, gourmet foods, and luxury vacations. Therefore, demographics is most likely to create a long-term trend. The correct answer is option D.

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What does an opportunity assessment provide?
a. All of these are correct.
b. provides information about the way things should be
c. provides information about the way things should possibly be
d. is used for strategic planning

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An opportunity assessment is a process that identifies potential opportunities for improvement, growth, or development within an organization. It provides information about the way things should possibly be.

This type of assessment is used for strategic planning, which involves identifying key business objectives and determining the best way to achieve them.An opportunity assessment provides several benefits. For example, it helps organizations identify areas where they can improve their performance, reduce costs, and increase revenues. It also helps organizations identify potential risks and opportunities that may arise in the future, so they can take steps to mitigate or exploit them. Additionally, an opportunity assessment can help organizations identify new markets, products, or services that they can offer to customers.

An opportunity assessment involves several steps. First, the organization needs to identify its goals and objectives. Next, it needs to analyze its current situation to identify any areas where it is falling short or where there is room for improvement. Then, it needs to identify potential opportunities that could help it achieve its goals. Finally, it needs to develop a plan of action for how it will pursue those opportunities. By conducting an opportunity assessment, organizations can take proactive steps to stay ahead of the competition and achieve their goals.

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Which of the following statement is incorrect? Most of the answers are correct. Money grows over time when the interest rate is positive. If the number of periods decreases, present value increases. If interest rate increases, present value increases also. Annuities are a series of equal cash flows.

Answers

The following statement is incorrect the interest rate increases, and the present value increases also. The correct option is C.

Future cash flows actually have a lower present value as the interest rate rises. This is due to the fact that a higher interest rate makes the value of money less valuable today. As a result, future cash flows have a lower present value as the discount rate (interest rate) rises.

The amount of cash that must be invested in order to realize a given future objective is known as the present value. Future value is the amount of money that will grow over time if the initial investment is made. You must invest the present value in order to realize the future worth.

Thus, the ideal selection is option C.

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What is one way to prepare for a job shadowing experience?

Find directions to the shadowing location five minutes before you leave.
Look over recent news about the company.
Make sure to wear a lot of cologne or perfume.
Wear clothing that is casual to ensure you are comfortable.

Answers

Answer: Look over recent news about the company.

Explanation: I took the test and got it right. :D

Answer:

B

Explanation:

you gather some data about the use of a surgical checklist in your operating rooms and have an idea for an improvement. at the next month’s meeting, you present the idea to your colleagues.

Answers

The most likely outcomes are people will have different reactions; some will support you, others will initially resist you.

What are outcomes?

In order to create "events," which are groups of outcomes that satisfy a condition, individual outcomes are grouped together because they may be of little practical significance or there may be an infinite number of them. The culmination of all such events is a sigma-algebra.

An elementary event is one that only has one potential outcome. The event that contains all conceivable results is the sample space of an experiment. A single effect could manifest in a number of different situations.

When the sample space is finite, every subset of the sample space is often an event (that is, all elements of the power set of the sample space are defined as events).

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identify one major flaw in the current organization of the united nations.

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The major flaw in the current organization of the United Nations is that it has a veto power held by the five permanent members of the Security Council (the United States, Russia, China, France, and the United Kingdom). The United Nations (UN) is a global organization founded in 1945 to promote international peace, security, and cooperation.

It is the world's largest intergovernmental organization, with 193 member states. The United Nations is responsible for a wide range of activities, including peacekeeping, humanitarian assistance, and development programs.However, despite its many successes, the United Nations has a major flaw in its current organization. The Security Council, which is responsible for maintaining international peace and security, has a veto power held by the five permanent members (P5) of the Council. These countries are the United States, Russia, China, France, and the United Kingdom. Any one of these countries can veto any resolution, even if the other 14 members of the Council support it. This gives the P5 a disproportionate amount of power within the United Nations, as they can effectively block any action they do not agree with.Explanation:This veto power was put in place to prevent the Security Council from taking actions that might harm the vital interests of the P5.

However, in practice, it has often been used to protect the interests of individual countries at the expense of the greater good. For example, the United States has used its veto power to block resolutions critical of Israel, while Russia and China have used their veto power to protect Syria and Myanmar, respectively. This means that the Security Council is often unable to take action on issues that are of critical importance, such as ending the war in Syria or addressing the crisis in Myanmar.The current organization of the United Nations is therefore flawed because it gives too much power to a small group of countries. While the veto power was put in place to protect the vital interests of the P5, it has been used to protect individual interests at the expense of the greater good. If the United Nations is to remain an effective organization, it needs to reform its current structure to address this major flaw.

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Which product would be considered part of the business-to-business market? Multiple Choice classes at a university for a college freshman O pens and pencils for that student O books for the class members O a computer for the instructor to use while teaching the class

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A computer for the instructor to use while teaching the class is considered as a product which is a part of the business-to-business market.

There are the services or an object which both tend to qualify as the products. So, here the advertising, industry, the excellence, and the group which is being targeted all tend to influence the cost which can be offered in the market.

However, for instance, a computer for the instructor so that it is used while teaching the class, which is considered as a product. In the economy, when two businesses transact business with one another, this is then referred to as business-to-business.

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Dalton is using word processing software to create a table of part numbers, prices, and quantity in stock. He realizes he estimated the rows incorrectly

Answers

Dalton can easily adjust the number of rows in his table using word processing software.

Here's a guide on how he can do it:

1. Open the word processing software and navigate to the table in question.
2. Place the cursor in the last row of the table.
3. Right-click on the last row and select the "Insert Rows Below" option. This will add a new row below the current one.
4. Repeat step 3 until the desired number of rows is achieved. For example, if Dalton initially estimated 5 rows but now needs 10 rows, he should repeat step 3 five times.
5. Dalton can then populate the newly added rows with the part numbers, prices, and quantity in stock as needed.

By following these steps, Dalton can easily adjust the number of rows in his table without having to recreate it from scratch. This will save him time and effort in reorganizing the data.

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Sometimes in these problems you may NOT be given the supply and demand functions in order to find the market equilibrium but will be asked to find them yourself. Say you take a poll of the class and find that, given the chance, 25 students would buy an apple for $2, but 35 students would buy an apple for $1. Which of the following would be the linear demand model for this situation? D(x)=−0.1x+4.50
D(x)=−2x+4.50
D(x)=−2x+2.50
D(x)=−0.1x+45
D(x)=−2x+45

Answers

The linear demand model for this situation is D(x)=−0.1x+4.50.

The demand function is a function that shows how the quantity demanded of a product changes as the price of the product changes. In this case, the demand function is linear, which means that it can be represented by a straight line.

The slope of the demand function is the change in the quantity demanded divided by the change in the price. In this case, the slope is -0.1, which means that for every $1 increase in the price, the quantity demanded decreases by 10 students.

The y-intercept of the demand function is the quantity demanded when the price is 0. In this case, the y-intercept is 4.5, which means that 4.5 students would buy an apple even if it were free.

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Explain two reasons why trade union membership may decline in a country.

Answers

There can be a few reasons why exchange union membership may decay in a nation. Here are two conceivable reasons:

1. Changes within the nature of work:

2. Lawful and political components:

1. Changes within the nature of work:

     As the nature of work changes, the pertinence and request of exchange unions may too decrease. For case, in businesses where specialists are progressively working on an independent or gig premise, or in divisions where mechanization and innovation are supplanting human labor, there may be less of a sense of collective bartering control.

In such cases, laborers may not see the esteem in joining an exchange union or may feel that unions are not able to enough speak to their interface.

2. Lawful and political components:

 Changes in legitimate and political components can affect exchange union enrollment. For case, changes in labor laws or governance arrangements can make it more difficult for exchange unions to function or can debilitate their bartering control.

Essentially, changes in open demeanors towards unions or a decrease in union-friendly media scope may too contribute to declining participation.

In common, declining exchange union participation can have critical suggestions for laborers, as unions regularly play a key part in securing workers' rights and arranging reasonable compensation and benefits. In arrange to address declining union enrollment, it may be fundamental to adapt union methodologies to reflect changes within the nature of work, as well as to lock in with lawful and political factors in arrange to preserve the significance and viability of unions. 

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The involvement of the csirt in incident response typically starts with prevention. True false

Answers

The involvement of the CSIRT (Computer Security Incident Response Team) in incident response typically starts with prevention. This statement is true.

CSIRTs play a crucial role in managing and responding to cybersecurity incidents within an organization. Prevention is a fundamental aspect of their work. By implementing various security measures and best practices, CSIRTs aim to reduce the likelihood of incidents occurring in the first place.

CSIRTs focus on identifying vulnerabilities in systems, networks, and applications and work to patch or mitigate these vulnerabilities to prevent potential attacks. They also promote employee awareness and training programs to educate individuals on safe computing practices, such as avoiding suspicious emails or websites.

In addition, CSIRTs establish incident response plans that outline steps to be taken in case of a security incident. These plans include processes for detecting, analyzing, containing, eradicating, and recovering from incidents. By proactively preparing for potential incidents, CSIRTs can minimize the impact and ensure a swift and effective response.

In summary, the involvement of CSIRTs in incident response starts with prevention. They take proactive measures to minimize vulnerabilities, educate employees, and establish incident response plans. This approach helps organizations maintain a secure and resilient cybersecurity posture.
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Match the tasks with the professionals who would complete them.

Match the tasks with the professionals who would complete them.

Answers

Meteorologist: measure the temp and humidity, creates charts and graphs to educate the public
Videographer: use editing softwares, discuss filming techniques
Network administrator: train users how to use the system, determine ways to make the system more effective
Hope this helps!

Answer:

Explanation:

1,3 and 2,4 and 5,6 and thats it

TRUE OR FALSE: when you have a credit card or loan, it is better to have higher interest rate

Answers

Answer: Lower interest rate are better. Higher interest rate is worse

Explanation:

A lower interest rate is better when borrowing money through credit cards or loans. You will be paying less. High interest rates are only good when you are the lender.

What is another name for deposit?

Credit
Debit
demand
Memo

Answers

Answer:

Debit

Explanation:

Depositing money increases the bank balances in one's account. It is an increase in a person's assets. It is similar to debits. A debit entry increases assets. From an account holders' point of view, to deposit will be the same as to debit the account.

Stephen owns a chemical plant. He is glad that his primary stakeholders are satisfied with the company's growth. However, he is concerned about pleasing the secondary stakeholders. How can he ensure the welfare of secondary stakeholders?

Answers

Answer: D. use a manufacturing process that is compliant with all state and federal regulations.

Explanation:

The options to the question are:

a. pay less taxes

b. substitute the existing labor power with machines

c. double the output of the manufacturing process by asking workers to work overtime

d. use a manufacturing process that is compliant with all state and federal regulations

e. organize picnics for employees

Since Stephen wants to ensure the welfare of secondary stakeholders, he should use a manufacturing process that is compliant with all state and federal regulations

The secondary stakeholders are the individuals or entities that the company doesn't have direct economic transactions with e.g. the government, environmental groups, media etc.

Therefore, to please the secondary stakeholders, he must abide to the necessary rules and regulations.

If you observe a co-worker, customer, or stranger in your workplace exhibiting any of the warning signs of workplace violence, who should you talk to?.

Answers

If you observe a co-worker, customer, or stranger in your workplace exhibiting any of the warning signs of workplace violence you should first report your concern to your supervisor, or human resources department.

What is workplace violence?

Workplace violence is any act of, or threat of, physical violence, harassment, intimidation, or other threatening disruptive behavior that takes place at the workplace. Threats, slander, and physical and verbal abuse are all included, as well as murder. Customers, clients, visitors, and staff all may be impacted. The third-leading cause of fatal workplace injuries in the United States is now acts of violence and other injuries. In 2019, there were 5,333 fatal workplace injuries in the United States, and 761 of those injuries were caused intentionally by another person, according to the Bureau of Labor Statistics Census of Fatal Occupational Injuries (CFOI). Employers and employees across the country are very concerned about workplace violence, regardless of how it presents.

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Answer: Your co-worker is late to work one or two days each week.

Explanation:  

how can a poultry farm be made safe and profitable? (minimum 50 words)​

Answers

Answer:

Growing every food naturally can make poultry farms both safe and lucrative. Use a reasonable quantity of pesticides on crops where they aren't fatal and have no negative consequences for food consumers. It is possible to generate a profit by selling the goods for more than it cost to manufacture them in the first place.  Even pitching their products to other businesses who want to work with the farmers.

Explanation:

If Marco decides to sell his pet products through an online distribution company, such as Amazon, then what type of intermediary is this

Answers

Based on the type of business that Amazon engages in, we can conclude that they are Retailers.

A retail intermediary:

Sells directly to the customer Buys goods from wholesalers and producers Also buys from individuals who wish to sell goods

Marco is hoping to sell his pet products through an online distribution company which would make him a wholesaler and the company he sells through will be a retailer as a result.

In conclusion, this intermediary is a retailer.

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which is not one of the criteria necessary for a commodity to make a suitable medium of exchange?

Answers

One criterion necessary for a commodity to make a suitable medium of exchange is its durability, as it should be able to withstand repeated use without deteriorating.

Another criterion is its divisibility, as it should be able to be broken down into smaller units to facilitate transactions of different sizes. A third criterion is its uniformity, as each unit of the commodity should be identical in quality and quantity. However, scarcity is not a necessary criterion for a commodity to make a suitable medium of exchange, as it is the demand for the commodity that gives it value, not its scarcity. In summary, durability, divisibility, and uniformity are necessary criteria for a commodity to make a suitable medium of exchange.

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f(5) =
f(3) =
f(-5) =
f(-3) =

Answers

Answer:

53636363633636336366363

Today's theories about motivation emphasize the importance of factors within the individual particularly the variables of expectancy and value Students' motivations are strongly influenced by what they think is important (value) and what they believe they can accomplish (expectancy). Who quote is this?

Answers

What students value and what they believe can accomplish have a significant impact on their motivation expectancy. This quote comes from the philosophy of motivation.

What motivational ideas does the expectancy-value theory put forth?

The relationship between a student's expectation for success at a task or the achievement of a goal in relation to the value of task completion or goal attainment is described by the expectancy-value theory, which is a theory of motivation. A student's expectation for success on a particular activity is referred to as expectancy. Theoretical models of motivation nowadays place a strong emphasis on internal factors, particularly the variables of expectation and value.

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) A company received a bank statement showing a balance of $76,000. Reconciling items included outstanding checks of $2,200 and a deposit in transit of $9,000. What is the company's adjusted bank balance

Answers

A company received a bank statement showing a balance of $76,000. Reconciling items included outstanding checks of $2,200 and a deposit in transit of $9,000. What is the company's adjusted bank balance

To find the company's adjusted bank balance, we need to adjust the balance shown on the bank statement for outstanding checks and deposits in transit  

Adjusted bank balance = Bank statement balance - Outstanding checks + Deposit in transit

Substituting the given values, we get:

Adjusted bank balance = $76,000 - $2,200 + $9,000

Adjusted bank balance = $82,800

Therefore, the company's adjusted bank balance is $82,800.

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all of the following are revenue streams for a venue. briefly explain each of them: rent ticket rebates sponsorship deals concessions

Answers

A venue can generate revenue through several streams, including rent, ticket rebates, sponsorship deals, and concessions.

Rent: This is the payment made by the event organizer to the venue owner for the use of the venue. The rent amount is typically determined by the location, size, and type of event. The venue owner has the right to set the rent amount, which can be negotiated.

Ticket Rebates: This revenue stream is generated through ticket sales. The venue earns a percentage of the ticket sales, which is typically negotiated with the event organizer. Ticket rebates can be based on a flat rate or a percentage of the total ticket sales.

Sponsorship Deals: Sponsors are companies or organizations that provide financial or in-kind support to the event. In exchange, they receive visibility and promotion at the venue. Sponsorship deals can include naming rights, signage, product placement, and promotions.

Concessions: Concessions are food and beverage sales made during the event. The venue earns a percentage of the sales, typically between 30-50%, with the remainder going to the concessionaire. Concession sales can be a significant revenue source for venues.

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which of the following best describes a deliverable? a tangible or intangible output or outcome that is a unique product, service, or result but does not require production a tangible or intangible output that is any unique product, service, or capability to perform a service that is required to be produced to complete a process, phase, or project an outcome towards which work is directed none of the above

Answers

The statement best describes a deliverable is a service that is required to be produced to complete a process, phase, or project. Thus the correct option is C.

What is deliverable?

A technique that utilizes to get results is called a process deliverable, and it includes things like scheduling, documentation, sharing of information, resources, funding, and software.

A conclusion or project objective known as a deliverable can be given to both internal and external clients. It's the final outcome that may be measured in a project plan.

Therefore, option C is appropriate.

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and why cant i keep a relationship??

and why cant i keep a relationship??

Answers

Answer:you can keep a relationship never give up and find the one for you.

Explanation:

don’t worry about you not keeping one the right one is obviously not here yet ! btw you should really hit the thanks button :)

The Federal Insurance Contributions Act provides retirement, disability, survivorship, and medical benefits to qualified workers. Laws require employers to withhold _____ taxes from employees' pay to cover costs of the system.

Answers

The Federal Insurance Contributions Act provides retirement, disability, survivorship, and medical benefits to qualified workers. Laws require employers to withhold FICA  taxes from employees' pay to cover costs of the system.

What is FICA tax?

On earnings, the FICA tax includes a 6.2 percent Social Security tax and a 1.45 percent Medicare tax. Only the first $142,800 in earnings are subject to Social Security tax in 2021.

Earnings exceeding $200,000 for single filers/$250,000 for joint filers may be subject to a 0.9 percent Medicare tax.

Thus, it is FICA tax.

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Thinking about your office or college, what types of
information are conveyed through the grapevine? How
often is the information accurate?

Answers

Answer: I would experience a lot of cluster chains speaking on if someone was in trouble. An employee would be called to the back office if they were either in trouble or getting a promotion.

Explanation:

ideas of new ways to use the products. which of the 7cs of online marketing does this demonstrate?

Answers

Customization refers to tailoring products or services to meet the specific needs or preferences of individual customers.

The idea of coming up with new ways to use products is an example of customization in the 7Cs of online marketing. Customization refers to tailoring products or services to meet the specific needs or preferences of individual customers. When a business comes up with new ways to use its products, it demonstrates its commitment to providing personalized solutions and value to its customers. By doing so, the business can build customer loyalty and improve the overall customer experience. Effective online marketing requires businesses to consider the individual needs and preferences of their customers and to adapt their products and services accordingly.

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discuss two important economic behaviors of a monopoly, which are different from economic behaviors of firms in a competitive market

Answers

Two important economic behaviors of a monopoly, which are different from economic behaviors of firms in a competitive market are consumers have no substitutes and it has the first-mover advantage.

A market is said to be monopolistic if just one business is allowed to sell goods and services to the general public. A totally competitive market, where there are an infinite number of enterprises operating, is the antithesis of a monopolistic market.

In a truly monopolistic model, the monopoly firm can limit output, raise prices, and make long-term profits that are above average. The model for monopolistic competition is challenging or impossible to recreate in the real economy, similar to the model for perfect competition. Real monopolies are frequently the result of anti-competition laws.

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which of the following best describes this graph? Plot the image of quadrilateral ABCD under a reflection across line L Your financial advisor argues that actively managed mutual funds are a good investment vehicle generally. To support this claim, she shows you an analysis of all currently available actively managed mutual funds that finds that on average they generated positive net alpha over the past five years. This means that actively managed mutual funds are attractive investments. Do you agree or disagree with this statement? Why? The sticker price for a new car takes into account the compensation made to the salesperson who managed the sale. This compensation is an example of what type of cost?A): dealer costB): shipping costC): manufacturing costD): sales commission How did Alexander the Great change the territories he conquered?He strengthened local armies.He introduced his own education system.He introduced Greek cultural traditions.He forced people to change their religion. A helicopter is moving at a horizontal speed when it drops a container so it lands with a range of 80 meters. If the helicopter is 37 meters from the ground what is its horizontal speed? (10 points) Social Security Multiple Choice Is a Defined Benefit Pension Plan Is offered by local governments Is an optional Pension Plan Is a Defined Contribution Pension Plan g When owning or working in a salon, it is crucial to comply with all of the applicable rules, laws, and regulations. What do you feel are three of the most important rules, laws, or regulations that are applicable to owning or working in a salon? Why? Briefly describe each and explain how you would ensure that you and your coworkers would comply with these rules, laws, or regulations. A swimming pool is in the shape of a rectangular prism. The pool is 30 feet long, 16 feet wide, and 6 feet deep. James stretched a hose straight from a top corner of the pool to the bottom corner farthest away. What is the length of the hose from the top corner to the bottom corner farthest away? I need help asap Which protects Earth from harmful radiation from the sun?(1 point)a magnetosphereb hydrogen atomsc Earths atmosphered convection currentshelp please what were some of the most important changes to cotton agriculture and slavery that defined this period as a revolution? a dessert that uses biscuits as the foundation and then adds uncooked fruit and whipped cream is called a/an Given the function f(x)=5x1, then what is f(3x)f(3x) as a simplified polynomial? coloring.Identify the word in bold The Smith Company manufactures insulated windows. Costs for March were as follows. Direct labor $53,000 Indirect labor 18,000 Salary of corporate vice president for advertising 25,000 Direct materials 48,000 Indirect materials 4,000 Interest expense 7,500 Salary of factory supervisor 3,000 Insurance on manufacturing equipment 2,000 What is Smith Company's actual manufacturing overhead for March? Decide whether the sentence is grammatically CORRECT or INCORRECT as written.La banquera es el quinta persona en el banco.correctincorrect i cant figure this word out it is missing the 2nd 4th and 6th letterR F E IVO Whats 3/5 of 6 hours :/ What is the angle of rotation (in degrees) between two hands of a clock if the radius of the clock is 0.70 m and the arc length separating the two hands is 1.0 m? Please help me with this question! Dinner at TGI Friday's costs $50 for your family. Find your total cost if the sales tax is 6% and you leave a 15% tip on the total bill. Round to the nearest cent if necessary.(Remember, some people tip on the cost of the meal, and some people tip on the total with tax. In this case, it is clear that we are tipping on the cost plus tax because it says "total bill." This means we need to treat it as a two-step problem.)