In the united states, business cycles have happened against a backdrop of a long-run trend of rising real GDP.
<h3>What is Gross Domestic Product?</h3>
Gross domestic product (GDP) is a monetary indicator of the total market value of all the finished products that nations produce over a given time period. This measurement is frequently changed before it can be trusted as an indicator because of how complicated and subjective it is. The total monetary or market worth of all the finished goods and services produced within a nation's boundaries during a certain time period is known as the gross domestic product (GDP).
Economic activity goes through periods of boom and then contraction during business cycles. Both the general welfare of society and the welfare of private entities are affected by these developments. Business cycles are a sort of variation that may be found in the overall economic activity of a country. A business cycle is made up of expansions that occur roughly at the same time in many different economic activities, followed by contractions that are similarly widespread (recessions).
Hence, In the united states, business cycles have happened against a backdrop of a long-run trend of rising real GDP.
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Answer:
The actual labor rate per hour is $12
Explanation:
First and foremost, we need to understand that a direct labor spending variance of $990(unfavorable) means that the firm spent an additional $990 compared to what was expected.
Also, the spending variance is computed as the actual labor rate minus the standard labor rate multiplied by the actual labor hours worked
spending variance=(actual labor rate-standard labor rate)*actual labor hours
spending variance=$990
actual labor rate=unknown=(assume it is X)
standard labor rate=$11
actual labor hours worked=990
$990=(X-$11)*990
$990/990=X-$11
$1=X-$11
X=$1+$11
X=actual labor rate=$12
Answer:
Components of creation that can be differed with yield delivered are alluded to as factor elements of creation.
Elements of creation that can't be differed with yield delivered are alluded to as fixed elements of creation.
In given case, stove and laborers are utilized in pizza creation.
It has been given that in short-run, number of stoves can't be changed however number of laborers can be changed.
Along these lines,
In short-run, these laborers are variable information sources, and the stoves are fixed data sources.
Number of Workers: 0
Output (Pizzas): 0
Marginal Product of Labor (Pizzas): 0
Number of Workers: 1
Output (Pizzas): 70
Marginal Product of Labor (Pizzas): 70
Number of Workers: 2
Output (Pizzas): 120
Marginal Product of Labor (Pizzas): 50
Number of Workers: 3
Output (Pizzas): 160
Marginal Product of Labor (Pizzas): 40
Number of Workers: 4
Output (Pizzas): 190
Marginal Product of Labor (Pizzas): 30
Number of Workers: 5
Output (Pizzas): 200
Marginal Product of Labor (Pizzas): 10
The last one, Im pretty sure.
Answer:
a
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