Answer:
49 million
Explanation:
Data given in the question
Population = 100 million persons
Civilian jobs = 40 million
Not working but looking for a job = 9 million
So the number of persons in the civilian labor force is
= Civilian jobs + not working but looking for a job
= 40 million + 9 million
= 49 million
The civilian labor force includes both the employed as well as unemployed person
Answer:
The correct answer is option d.
Explanation:
Gasoline prices increase dramatically in a month. Lola commutes 100 miles to work each weekday.
For a few months, she tries to reduce expenses on gasoline but driving less on weekends. Within a year she moved to place only 10 miles away from her workplace.
We see that in response to an increase in the price of Gasoline, the quantity demanded of gasoline by Lola is adjusting over time. The demand is getting more price elastic with the passage of time as a consumer is adjusting to price change and finding new ways to reduce expenses.
This example shows how the time horizon determines the price elasticity of demand.
Answer:
Cost Variance=$50,000
Schedule Variance =$25,000
Explanation:
Calculation for the cost and schedule variances for the project
a. Calculation for Cost Variance
Using this formula
Cost Variance=Earned Value-Actual Cost
Let plug in the formula
Cost Variance = $350,000 - $300,000
Cost Variance=$50,000
b. Calculation for Schedule Variance
Using this formula
Schedule Variance =Earned Value- Planned Value
Let plug in the formula
Schedule Variance = $350,000 - $325,000 Schedule Variance =$25,000
Therefore the cost will be $50,000 and schedule variances for the project will be $25,000
With perfectly inelastic demand the price changes, but the amount purchased remains the same. Prices or quantities are fixed and are unaffected by the other variable when demand is perfectly inelastic. When a price change results in an exact proportional change in the quantity required, this is known as unitary demand.
When a buyer's desire for a product does not fluctuate as much as a product's price change, this is known as inelastic demand. Demand is said to be inelastic when the price rises by 20% while the fall in demand is just 1%.This problem frequently arises with common household goods and services.
People will continue to buy roughly the same amount of goods or services after a price increase since their needs remain the same. Similar circumstances apply when prices are reduced; demand won't rise significantly.
To learn more about perfectly inelastic, click here
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Answer:
A. both are general partners
Explanation:
Both Chris and Paul are general partners. It is true that Chris makes all business decision and that made Paul irrelevant to the management of the partnership. And he made Chris signed a partnership agreement that he will be liable up to the extent of his capital contribution. Yet that is not a solid evidence towards third party liability in case of solvency. In order for him (Paul) to become a limited partner, he should be registered to the state as “limited partner” during the partnership’s registration and that will be recorded into the Articles of Partnership. Otherwise, he is classified as general partner and is liable up to the extent of his personal asset. The contract (partnership agreement) that he and Chris had is valid only up to them but not into third party.
