Flamingo Floyd's, a tanning salon, plans to hire additional employees. Flamingo Floyd's currently employs 5 workers at $15 per hour. The price of a tanning session is $11. If Flamingo Floyd's hires the 6th worker the marginal product of labor (going from 5 employees to 6 employees) will be 56. What is Flamingo Floyd's marginal revenue product from hiring the 6th worker

Answers

Answer 1

Flamingo Floyd's marginal revenue product from hiring the 6th worker is $616.

To calculate Flamingo Floyd's marginal revenue product (MRP) from hiring the 6th worker, we need to first calculate the marginal product of labor (MPL) and the marginal revenue (MR) of the tanning salon.

MPL is the additional output produced by adding one more worker. In this case, the MPL of the 6th worker is 56, which means that this worker will produce 56 additional tanning sessions.

MR is the additional revenue generated by selling one more unit of output. In this case, the price of a tanning session is $11, so the MR of the 6th worker is $11.

The MRP of the 6th worker can be calculated as:

MRP = MPL x MR

Substituting the values we have:

MRP = 56 x $11

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Related Questions

Excited to buy her dream car, Molly rushes into her local Volkswagen dealership. Molly picks out a
car, sits down at the financing desk, and hears the following:
"Well, we ran your credit history. You've got a really thin file -- just a year's worth of student
loan payments. The deal you saw was for 'well qualified buyers. The best deal we can offer
you is 6.6% for 60 months. A little more bad news -- the cash allowance is also based on
credit history, so you don't qualify for $500. That said, you're excited about a Volkswagen,
and I want to see you driving one, so I can do $400 for you!"
9. Molly still has a $2500 down payment. How much loan does Molly need?
10. How much will Molly's monthly payment be using the Bankrate calculator?
11. How much total interest will molly pay using this plan?
12. How many is the total cost of her car after all together?

Answers

9. The amount of loan that Molly needs with a $2,500 down payment is $22,100.

10. Molly's monthly payment is $433.

11. The total interest Molly will pay under this plan is $3,907.

12. The total cost of Molly's car is $28,507.

Loan Amount:

Required cash allowance = $500

Qualified cash allowance = $400

Down payment = $2,500 (typically 10% of value)

Total price of car = $25,000 ($2,500/10%)

Loan required = $22,100 ($25,000 - $2,500 - $400)

Interest and Periodic Payment:

N (# of periods) = 60 months

I/Y (Interest per year) = 6.6%

PV (Present Value) = $22,100

FV (Future Value) = $0

Results:

PMT = $433.45

Sum of all periodic payments = $26,007

Total Interest = $3,907

Total Cost of the car to Molly:

Down payment = $2,500

Total periodic payments = $26,007

Total cost = $28,507 ($26,007 + $2,500)

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2. Where does Steve Jobs’ power and influence come from?

Answers

Answer:

working with apple and creating the mac

Explanation:

From him being able to realize what it is he wanted to do and do it

What are some of the similarities and differences between the CTSOs of HOSA and Educators Rising? Please describe what makes these two organizations differ from each other.

Answers

Answer:

Similarities and differences between  CTSOs of HOSA and Educators Rising are in Educators Rising you work with children and HOSA is for people who are interested in health science. Another difference is and a similarity is that neither are clubs but EdRising is an organization and HOSA is a tool.

Explanation:

The rules governing when a sale is a sale when the product is _____and _____; the buyer can cancel prior to that.

Answers

Basically, the rule of sales contract recognizes that sales is done when the product is negotiated on and paid for, and thus, the the buyer can cancel prior to that.

In the contract on sales, a sale formally becomes a sale when a party gives something to another in exchange for money.

The consideration (Premium/Sales cost) is the main factor that makes a sales contract valid and legal.

Hence, the rule of sales contract recognizes that sales is done when the product is negotiated on and paid for, and thus, the the buyer can cancel prior to that.

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Country m hopes to encourage economic growth by:_____.a. investing in education to reduce unemployment and increase production. b. new technologies to produce goods that are in great demand. c. resources that can be traded with other nations. d. research to develop goods that can be sold on a global scale.

Answers

Country m hopes to encourage economic growth by investing in education to reduce unemployment and increase production.

Option A. is correct.

Education is essential for a strong economy, as it enables individuals to acquire the skills and knowledge necessary to participate in the workforce and contribute to the economy.

Additionally, investing in education can help to reduce unemployment, as individuals with higher levels of education are more likely to be employed.

This can result in increased production, as more individuals are able to contribute to the economy.

Furthermore, investing in education can also help to create new technologies and products, which can further boost economic growth.

Thus, investing in education to reduce unemployment and increase production is an effective way for Country M to encourage economic growth.

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100 points
Which option might indicate legal intrusion by a computer professional?

I will give Brainley

Brad is a senior business analyst in a software development firm. In addition to his official photocopies, he (A. generates a couple of personal photocopies) for his brother Brian. At times, (B. Brad also sends out unwarranted emails) to his close colleagues. (C. He uses the Internet during work hours for entertainment purposes.) During work hours for entertainment purposes. (D. Once, while preparing for a client presentation, he accessed client records for which he did not have authorization.)

Answers

Answer:D

Explanation:

I took the test

Answer:D

Explanation: i just got done with the test and got 100

Which physical quantity measures what fraction of the input energy a machine actually converts into output energy?
ОА.
kinetic energy
ОВ.
power
OC. efficiency
OD
acceleration

Answers

Answer:

The answer is A because kinetic energy and potential energy are linked together

Explanation:

Answer:

The correct answer is efficiency

PLEASE HELP! IN A TEST! A salesperson may sell from a distance except when it involves _____.
A. contacting people through email messages
B. contacting people who have opted
out of receiving sales messages
C. letting customers place orders on a company's website
D. contacting people through telemarketing

Answers

Answer:

b

Explanation:

A salesperson may sell from a distance except when it involves contacting people who have opted out of receiving sales messages. Thus option (b) is correct.

Who is a salesperson?

A salesperson is a person who is employed by a company or organization to sell products or services to customers. The primary role of a salesperson is to identify potential customers, establish relationships with them, and persuade them to purchase the company's products or services.

They may use a range of techniques to sell, including advertising, direct marketing, and personal selling. Successful salespeople typically have strong communication, interpersonal, and negotiation skills, and are able to build trust and rapport with customers.

If a person has opted out of receiving sales messages, the salesperson is not allowed to contact them for marketing purposes. Therefore, option (b) is correct.

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Insurance can help with ???

Insurance can help with ???

Answers

Answer:

B. In an emergency

Explanation:

Insurance is purchased to protect things that you own

b because i said b is right

What is an Individual Asynchronous Communicator? And provide 2 examples of people who are like that

Answers

Answer:

asynchronous communication is when you send a message without expecting an immediate response. For example, you send an email. I open and respond to the email several hours later. You can choose anyone you know for the example of people who are like that part. <3

Explanation:

Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $1,700 of direct materials and used $3,200 of direct labor. The job was not finished by the end of September, but needed an additional $2,200 of direct materials in October and additional direct labor of $5,700 to finish the job. The company applies overhead at the end of each month at a rate of 200% of the direct labor cost. What is the amount of job costs added to Work in Process Inventory during October

Answers

Answer:

$19,300

Explanation:

Calculation to determine the amount of job costs added to Work in Process Inventory during October

Using this formula

October Job costs=Raw material+Direct labour+Overhead

Let plug in the formula

October Job costs=$2,200+$5,700+($5,700*2)

October Job costs=$2,200+$5,700+$11,400

October Job costs=$19,300

Therefore the amount of job costs added to Work in Process Inventory during October is $19,300

Which employee had the highest earned commission? What specifically was their commission amount?

Answers

Commission simply means a form of variable-pay remuneration for services that are rendered or products sold.

What is commission?

Your information is incomplete. Therefore, an overview will be given. A commission is a payment that an employee makes based on a sale.

For example, when an employee sells a product for $500 and they get a 10% commission on all sales, then the employee will earn $50 on that sale.

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Question 2(Multiple Choice Worth 5 points)
(02.06 MC)
In general, what kind of people earn the most money?
O People with skills that are in high demand and high in supply
O People with skills that are in high demand but low in supply
O People with skills that are in low demand and low in supply
People with skills that are in low demand but high in supply

Answers

Ans: people with skills that are high in demand but low in supply

They earn the most money since skills also follow the law of supply and demand, so consumers are willing to pay more due to low supply

Which of the following is true concerning the roles of data owner, data user, and data custodian?

a. The data user implements controls as necessary.
b. The data custodian is responsible for specifying acceptable usage.
c. The data owner specifies controls.
d. The data custodian specifies security classification.

Answers

The correct statement regarding the roles of data owner, data user, and data custodian is: c. The data owner specifies controls.

The data owner is typically responsible for determining and specifying the controls and policies related to the data. This includes decisions regarding who can access the data, how it can be used, and what security measures should be in place. The data owner has the ultimate authority and accountability for the data.

On the other hand, the data user implements the controls and policies set by the data owner. They are responsible for utilizing the data in accordance with the specified guidelines and ensuring compliance with the established rules. The data custodian, while responsible for the storage, maintenance, and protection of the data, does not typically specify security classification. The data custodian's role is to carry out the technical aspects of data management, such as data backups, access controls, and data storage, as directed by the data owner.

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Drag each label to the correct location

PLEASE HELP

Drag each label to the correct locationPLEASE HELP

Answers

Answer:

put master budget for sources of cash and put cash budget for cost of finished goods

Businesses offer many of the marketing functions, and consumers usually take part in _____ when they make purchases.

- at least five
- one or more
- all
- one

Answers

Answer:

one or more

Explanation:

Businesses offer many marketing functions, and consumers usually take part in one or more when they make purchases. The correct option is B.

What is the role of marketing to consumers?

Marketing's goals are to interact with customers, provide information, and add value to their lives. Discovering what their customers want and need, then meeting those needs through the products and services they provide, is how businesses decide how to best market to consumers.

The aspect of marketing that is most widely recognized is promotion. The majority of audiences would be familiar with the traditional and digital marketing strategies included. Activities aimed at interacting with consumers, educating them about the company and its offerings, and persuading them to make purchases are referred to as promotional activities.

Thus, the ideal selection is option B.

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The income tax rate in a state is a flat 10 percent. Based on that rate, who has the higher tax burden?
Annual Income
Alex - $20,000
Beatrice - $190,000
Julio - $80,000
Roberta - $60,000

Alex
Beatrice
Julio
Roberta

Answers

Answer:

Beatrice

Explanation: she makes the most money so she has to pay more in tax

Based on the tax rate and the annual income of the people, the person with the higher tax burden is Beatrice.

Flat Rate Tax Refers to when a specific rate of tax is imposed. Leads to those who are paid higher having a higher tax burden. Leads to lower income earners having less money after tax.

Beatrice is the highest earner in the group as they earn $190,000. They will therefore have the highest tax burden of $19,000 as opposed to the others who have lower salaries.

In conclusion, Beatrice is correct.

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Your colleague lionel has just finished drafting an important business proposal. now he has asked you for advice on how to review the document. what should you tell him to do?

Answers

To review the business proposal, you can advise Lionel to follow these steps:Start with a quick skim,  Review the introduction and conclusion, Analyze the body of the proposal, Check for errors and inconsistencies etc.



1. Start with a quick skim: Begin by quickly skimming through the document to get an overall understanding of its structure and main points. This will help identify any major issues or areas that require more attention.

2. Review the introduction and conclusion: Pay close attention to the introduction and conclusion sections. These sections should clearly outline the purpose of the proposal, its key objectives, and a compelling summary of the main points. Ensure that these sections are concise and persuasive.

3. Analyze the body of the proposal: Carefully read through each section of the proposal, assessing the flow of ideas and the clarity of the content. Check if the information provided is relevant, accurate, and well-supported. Look for any inconsistencies or gaps in the logic of the arguments presented.

4. Check for errors and inconsistencies: Review the proposal for any grammatical, spelling, or punctuation errors. Additionally, check for consistency in formatting, headings, and numbering. This will enhance the overall professionalism and readability of the document.

5. Evaluate the visuals and graphics: If the proposal includes visuals such as graphs, charts, or tables, ensure that they are clear, accurate, and effectively support the information presented in the text. Verify that all visuals are labeled correctly and referenced appropriately in the body of the proposal.

6. Seek feedback from others: It can be valuable to seek feedback from colleagues or supervisors. Share the proposal with them and request their input. Others may be able to provide fresh perspectives, catch errors that you might have missed, and offer suggestions for improvement.

7. Proofread the final version: Before submitting the proposal, carefully proofread the document one final time. Pay close attention to detail and ensure that there are no typos or formatting errors. It may be helpful to read the document aloud or use a spell-checking tool to catch any remaining mistakes.

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demand-pull inflation occurs when


A.) the price of goods rises suddenly and extremely fast.

B.) consumers begin purchasing more goods.

C.) producers need more money to make and distribute goods.

D.) the government prints more money and pushes prices up.

Answers

Answer:

i think its b even tho im probbly wrong

B. Demand-pull inflation occurs when demand for goods and services in an economy rises more rapidly than an economy's productive capacity.

Traditional promotional messages such as advertising, sales promotion, and publicity releases are examples of ________ messages.

Answers

A promotion that uses offline methods to reach a local audience is referred to as traditional marketing. A product or service is promoted using traditional marketing, which also includes billboards, television commercials, newspaper ads, and other forms of advertising. The efforts are frequently expensive, and measuring their success can be difficult.

Digital marketing is displacing traditional marketing by reaching clients online through social media, email, and search engines. Compared to traditional marketing, digital marketing is more cost-effective and more easily promotion trackable in terms of its effectiveness.

It is possible to create marketing materials specifically for conventions, seminars, or conferences. The efforts are frequently expensive, and measuring their success can be difficult. To attract visitors to your promotion booth and learn more about the company and its goods, you could, for instance, build booths or more substantial materials like banners or signage.

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Now that Amazon does collect sales tax in most states, what other loopholes has Amazon found to evade other taxes?
(In depth response)

Answers

Another area in which Amazon has found another tax loophole in order to evade taxes is:

They make use of foreign based companies to receive payments from customers in another country.

What is a Tax Loophole?

This refers to the legal clauses which the rich people and corporations exploit in order to evade paying tax or paying as much as other people.

One tax loophole which is being used by Amazon to evade tax is the use of foreign based companies to receive payments from customers in another country and bypass HMRC.

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SOLVE THE GRAPH AND THE SUPPLY OR SHORTAGE AND THE PRESSURE OF PRICE ​

SOLVE THE GRAPH AND THE SUPPLY OR SHORTAGE AND THE PRESSURE OF PRICE

Answers

Answer:

probably cant figure it out

Explanation:

suppose you got a 5 percent increase in your nominal wage. over the year, the price level increased by 2 percent. which is true?

Answers

The year, the price level increased by 2 percent.The nominal wages increase by 2%. This statement is True.It is in contrast to the real price of an asset, which considers deductions and premiums.

The definition of nominal is something that only exists in name or has very little worth. One instance of nominal damages is when a person receives only $1 in compensation from the court because he was wronged but did not actually suffer any harm.

Any financial statistic that is measured in terms of current real costs approaches the statistic's nominal value. The equal figure that has been corrected for inflation is referred to as the actual price. Usually, the actual cost is more significant.The nominal price in economics is the unadjusted cost of an asset without taking into account costs, taxes, inflation, or interest rates.

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When calling a support line to request help with a computer problem, it is best to

provide as many details and information as possible.
keep information to a minimum to avoid confusion.
avoid attempting to name or identify the problem.
avoid first attempting simple fixes to the problem

Answers

Answer: Provide as many details and information as possible.

Explanation:

So they can identify the problems with your computer

Answer:

1.provide as many details and information as possible.

Explanation:

producing output at the lowest possible total cost per unit of production is:

Answers

When the unit cost is as low as it can be while the business is producing its goods efficiently, this is known as the minimum efficient scale (MES).

What is unit of production:

The unit of production approach is a way to figure out how much an asset's value depreciates over time. When an asset's worth is more closely correlated with the quantity of units it creates than the duration of time it has been in use, it becomes useful.

In other terms, a unit of production degradation is directly proportionate to production. Unit of production depreciation, also known as the activity approach, calculates characteristic properties on the unit of production and disregards the passage of time throughout an asset's useful life.

Economic theory heavily emphasizes the role of production. Due to the application of work to land, it generates value for the economy. Through the accessibility of things, production also raises people's standards of living and quality of life.

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PLZ, I NEED THIS ANSWER ASAP CANT MOVE IN WITHOUT IT Dean is taking a personal assessment and notices that many of his interests involve the reading and creation of language arts and poetry. What career cluster will the assessment most likely indicate to be fitting for Dean? Technology Art and Performance Legal Public Service

Answers

Answer:

B -art and performance

Explanation:

Because, his interest  were language arts and poetry and no other option even remotely, he resembles a similarity.

At the time of taking the personal assessment, the topics that will be covered by the Dean per their interest will cover the art and performance, which are based on the interests that he pursues. Hence, Option B is correct.

What is personal assessment?

A kind of test that is conducted by a higher authority or a psychologist for measuring the characteristics of a personality is known as the personal assessment. The data that is collected at the end of the test will be evaluated, and on the basis of that, further treatment will be given by the psychologist.

If the personal assessment is done by a higher authority like a dean or a teacher or a professor, then the result that is generated after the assessment will be used as a progress report for the student and would be suggested to practice in the area where there is need of the progress.

Thus, Option B is correct.

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Which of the following is a true statement regarding operating costs:
They are fixed expenses.
They are not directly related to production.
They occur once or twice a year.
Only some businesses have them.

Answers

Answer:

They are not directly related to production.

Explanation:

Operating expenses are the costs incurred in running the affairs of a business on a day-to-day basis. They refer to the expenses associated with the maintenance and administration of a business. Operating expenses are also operational costs and include rent, machinery, payroll services, utilities, uniforms, and office supplies. operating cost also covers overhead expenses as well as the cost of goods sold

Net Present Value Analysis Anderson Company must evaluate two capital expenditure proposals. Anderson’s hurdle rate is 12%. Data for the two proposals follow. Proposal X Proposal Y Required investment $120,000 $120,000 Annual after-tax cash inflows 24,000 After-tax cash inflows at the end of years 3, 6, 9, and 12 72,000 Life of project 12 years 12 years Using net present value analysis, which proposal is the more attractive? Do not use negative signs with your answers. Round PV answers to the nearest whole number. Use rounded answers for subsequent calculation of net present value. Proposal X Proposal Y Net present value Initial outflows Answer Answer PV of future cash flows Answer Answer Net present value Answer Answer Which proposal is more attractive?

Answers

Answer:

Initial outflows for project X and Y is $120,000

PV for project X = $148,664.98

NPV For project X = $28,664.98

NPV for project Y = $12,170.15

PV for project Y = $132,170.15

Project X is more attractive

Explanation:

Net present value is the present value of after tax cash flows from an investment less the amount invested .

NPV can be calculated using a financial calculator:

NPV for proposal X :

Cash flow in year 0 = $-120,000

Cash flow each year from year one to 12 = $24,000

I = 12%

NPV = $28,664.98

PV = $-120,000 + 28,664.98 = $148,664.98

NPV for proposal Y :

Cash flow in year 0 = $-120,000

Cash flow in year 3, 6, 9, and 12 = $72,000

I = 12%

NPV = $12,170.15

PV = $120,000 + $12,170.15 = $132,170.15

The project X should be chosen because its NPV is greater than that of project Y.

ECONOMICS CHAPTER 2 SECTION 3

explain the relationship between the terms in each of these pairs
A. Private property rights and market
B. laissez-faire and capitalism
C. Specialization and profit
D. Factor market and product market

ECONOMICS CHAPTER 2 SECTION 3

Answers

Private property rights  and market is  in which people buy and sell resources or goods and services.

Private property rights are the rights of individuals and groups to own property and the market is any place or situation in which people buy and sell resources and goods and services.

Laissez-faire and capitalism-The relation-ship between laissez-faire and capitalism is laissez-faire is an economic philosophy of free-market capitalism that opposes government intervention.

Specialization and profit- The relation-ship between specialization and profit is the companies specialize in making one product or one component of a product, if this product will make at large scale, companies reduces it's cost to earn profit.

Factor market and product market-  The relation-ship between Factor market and product market is the factor market is running by the demand of product market. The product market is sold their goods and services with the demand of factor market to production these goods and services.

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What is the difference between being financially dependent and being financially independent?

Answers

Answer:

Being financially dependent means that you depend on the government to help you and being independent means that you are depending on the money you make from work.

Explanation

i know a little about business hope this helps

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steps to approach this word problem RelProd = = = 0.21 0.08 + 2.44 X SK, R2 = 0.46, SER , (0.04) (0.38) c. You accidentally forget to use the heteroskedasticity-robust standard errors option in your regression package and estimate the equation using homoskedasticity-only standard errors. This changes the results as follows: RelProd = 0.08 + 2.44 X SK, R2 = 0.46, SER = 0.21 (0.04) (0.26) You find that the coefficients have not changed at all and that your results have become even more significant. Why have not the coefficients changed? Are the results really more significant? Explain. How does genetic engineering make the production of a human hormone safer, cheaper, and faster? Is genetic engineering always beneficial? Explain. Can someone help me out on this?Which equation represents this model? Which triangle is similar to the triangle above?A. Z B. Y C. W D. X Physical elements needed at school to promote quality in educational context Can the sum of the magnitudes of two vectors ever be equal to the magnitude of the sum of the same two vectors?. In the diagram below, AB is parallel to CD. What is the value of x? pls help with this question ASAPWhat equations do u insert in between these numbers to get the answera.5 8 3 9 =50b.12 6 2 10=14c.4 5 6 10=24d.7 4 6 9 7= 16e.4 9 6 2 =52f.45 5 9 3 7=102 Modify the RetirementGoal application from Chapter 6 Exercise 10A to display the amount of money the user will have if the user earns 4% interest on the balance every year. the shoe is yet the other foot Determine whether the set of ordered pairs is a function.{(8, 6), (6, 4), (4, 3), (3, 4)}functionnot a function State the domain and range. (Enter your answers as comma-separated lists.)domain range PLEASE DUE TODAY!! Which remarkable thing was made bye the Mound Builders? (A) boat canals (B) buffalo traps (C) large cities (D) coastal towers (BTW will give 20 points and brainly) As a promotion, the first 50 customers who entered a certain store at a mall were asked to choose from one of two discounts. The first discount choice was 20% off all purchases made that day. The second discount choice was 10% off all purchases for the week. Of those who received the discounts, 28 chose the first discount and 22 chose the second discount. One customer will be selected at random from those who received a discount. Let. A team of engineers is doing a cost-benefit analysis to determine whether they should develop new technology. What are two risks to human health they should include in their analysis?A. Increase in human diseasesB. Loss of habitatC.damage to an ecosystem D. Reduced workplace safety E. Using up natural resources P is the midpoint of NO and equidistant from MN and MO. If MN=8i + 3j and MO= 4i - 5j. Find MP How is ligand binding similar to the process of allosteric regulation of enzymes? See Figure 8.20. An object weighs 80 N in air and 60 N in water. If the density of water is po the density of the object p is Po a) 1.3 Po b) 6.0 po c) 4.0 Po d) 0.75 po e) 8.0 po What is the worst thing someone has ever said to you or someone else! Please be honest! Thanks! The number of entertainment websites in 1995 was 54. By 2004, there were 793 entertainment websites.Approximately what was the rate of change for the number of websites for this period of time?