What is the number of workers when the minimum wage is $5.15 per hour according to the supply model? What function models the average number of symptoms after a certain number of weeks?
Number of Workers Calculation:
The number of workers when the minimum wage is $5.15 per hour is approximately 4.93 million.
Average Symptoms Function:
The function that models the average number of symptoms, y, after x weeks is y = 0.8 + 0.45x.
Number of workers at $5.15/hr: Approximately 4.93 million workers.
Average symptoms after x weeks: y = 0.8 + 0.45x.
For the first question:
Given the supply model: p(h) = 0.375h + 3.
We need to find the number of workers when the minimum wage is $5.15 per hour (h = 5.15).
Substitute the value of h into the function:
p(5.15) = 0.375(5.15) + 3
p(5.15) = 1.93125 + 3
p(5.15) = 4.93125
Rounded to the nearest hundredth, the number of workers is approximately 4.93 million workers.
So, the correct answer is: 4.93 million workers.
For the second question:
The function that models the average number of symptoms, y, after x weeks is given by:
y = 0.8 + 0.45x.
So, the correct answer is: y = 0.8 + 0.45x.