Answer:
Dysfunctional turnover
Explanation:
Dysfunctional turnover refers to a situation where both highly qualified and efficient employees and less efficient employees resign form a current job. Dysfunctional turnover will make the business's normal activities suffer since it is usually considered normal and healthy for a business to get rid of inefficient workers, but when efficient workers also quit then who is left to carry on the business efficiently?
Answer:
Correct answer is D, Unit variable cost remains and unit fixed cost decrease
Explanation:
The relationship between sales volume and unit fixed cost is<em> </em><em>inverse</em>. Which means, the larger the volume increase of sales, the smaller the unit cost fixed cost in the period. No matter how much is the increase in sales, the total fixed cost REMAINS, that is why it affects only on per unit cost. VARIABLE UNIT COST on the other hand, is constant and will never be affected on the increase in sales volume. The relationship between total variable cost and sales is <em>directly proportional</em>.
Answer:
a. $300,000
b. $200,000
Explanation:
a. The opportunity cost for labor is calculated by multiplying the hours of labor needed to complete the project with the market wage rate.
20,000 hours * $15 per hour = $300,000
b. There are some labors that are unemployed and has agreed to work for $10 per hour. The opportunity cost will now be lower than the previously calculated
20,000 hours * $10 per hour = $200,000
c. The opportunity cost depends on the wage rate of the labor. When the labors are employed at market rate, the opportunity cost is high and when there is unemployment the labors are willing to work for lower wage rate. The opportunity cost is decreased.
Answer:
The correct answer is letter "D": Class envy.
Explanation:
In behavioral economics, the endowment effect explains why an individual could give a higher value to an object that posses than giving a low value when the individual does not have it. The approach implies the object has symbolic importance for the individual while having it.
A good example of the endowment effect refers to a teacher that gives one of his classes' students mugs as gifts. The value of the students who received mugs was higher than the value of those who did not get one.
