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2 years ago

The basic economic cost of unemployment is forgone ______. Multiple choice question. inputs output supply labor

Business

1 answer:

Elena L [17]2 years ago

4 0

Forgone output is the fundamental economic cost of unemployment. So, output (option (b)) is the right choice.

<h3>Forgone labour output </h3>

Forgone labour output is the amount of money that persons would have made over the course of their remaining working lives, discounted to the current year if they had not passed away too soon. Forgone labour production, like other accounting metrics like the Gross Domestic Product (GDP), is not meant to represent a gauge of society's prosperity. This brings us to the welfare-based approach, which is the second method for estimating the costs of premature death.

The potential for the production of goods and services is lost forever when the economy fails to provide enough jobs for everyone who is able and willing to work.

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The ____ agenda contains the Welcome and introductions to provide opportunity for team members to get to know each other and the

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Answer:

The <em>Meeting Agenda</em>

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3 years ago

What are the constraints of business legislation?

Reika [66]

Answer:

A business may be constrained by a variety of licensure and other regulatory requirements, based on the industry and activities the business wants to pursue. For example, a lawyer must obtain a legal license in a particular state before he can open a practice in that state.

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3 years ago

Brenda’s Boards manufactures skateboards. Each skateboard sells for $45 and includes the following expenses: $3 for the wheels a

fredd [130]

<u>$450 is the answer. </u>

<u>The total revenue the company earns after selling 10 boards is $450. </u>

Further Explanation:

Total Revenue:

Total revenue refers to the total receipts or the income after selling the product.

Total profit:

Total profit refers to the amount subtracted by the total cost of the firm from the total revenue of the firm. Total profit is the excess of the total cost from the total revenue.

Total cost:

Total cost refers to the cost of making the product which is being bear by the company or the owner of the firm. Total cost is the cost of making the product.

Total Revenue = Cost of selling one skateboard × Total number of skateboards

= $45 × 10

= $450

<u>Therefore, Total Revenue is $450. </u>

Thus, the total revenue the company earns after selling 10 skateboards is $450.

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Answer Details:

Grade: High School

Chapter: Total profit

Subject: Accountancy

Keywords: Brenda’s Boards manufactures skateboards. Each skateboard sells for $45 and includes the following expenses: $3 for the wheels and mounts, $1 for the plastic board, $1 for the paint, and $10 for the labor. What is the total revenue the company makes after selling 10 boards? $300 $350 $400 $450.

5 0

3 years ago

Read 2 more answers

he 12-month period that ends when a company's activities are at their lowest point is called the:(A) Fiscal year.(B) Calendar ye

Nostrana [21]

Answer:

C) Natural business year.

Explanation:

A natural business year is the period of 12 consecutive monthsending at a low point of an organization's activities.

For example, a school district will have a natural business year of July 1 through June 30, since classes for the school year end in early June.

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4 years ago

If the company wants to provide a warranty so that only 2.6% of the DVD players will be replaced before the warranty expires, wh

Ivanshal [37]

The time length of the warranty base on the information is 3.3 years.

<h3>How to calculate the time length?</h3>

Based on the complete information, the time length of the warranty will be:

(x - 7)/1.9 = -1.944

x = 7 - 3.6936

x = 3.3 years.

Therefore, the time length is 3.3 years.

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7 0

2 years ago