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1 year ago

Suppose there are 70 million people in the labor force, out of which 60 million are employed, then the unemployment rate is?

1 answer:

8 0

Suppose there are 70 million people in the labor force, out of which 60 million are employed, then the unemployment rate is: 14.28%.

An unemployed person is someone who does not have a job but is actively looking for one. Employed or Not Employed? You are employed part-time. If you work as a student, the university cafeteria is employed.

Labor force participation rate = (labor force/working age population) x 100 where labor force = employment + unemployment. To solve this problem, we need to know the number of people employed, the number of job seekers, and the working age population.

Learn more about the labor force at

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What is the value to a start up business of using primary marketing research

KengaRu [80]

Answer:

By conducting primary research using unbiased panellists, entrepreneurs can gain the latest information about the consumer's wants and needs, allowing them to adapt their product or service accordingly and gain a competitive advantage.

Explanation:

7 0

1 year ago

The term "spreading the financial statements" refers to __________

wolverine [178]

Answer:

The correct answer is letter "B": creating common-size financial statements.

Explanation:

In financial accounting, the phrase <em>"spreading the financial statements"</em> equals recording the common-size financial statement. By this, information is displayed in the Balance Sheet as a percentage of a common base figure. The common-size statement typically uses total sales revenue as the common base.

5 0

2 years ago

Suppose that the market demand curve for bean sprouts is given by P = 1,660 - 4Q, where P is the price and Q is total industry o

a_sh-v [17]

Answer:

In equilibrium, total output by the two firms will be option e= 300.

Q = $q_{1}$ + $q_{2}$

Q = 100 + 200

Q = 300

Explanation:

Data Given:

Market Demand Curve = P = 1660-4Q

where, P = price and Q = total industry output

Each firm's marginal cost = $60 per unit of output

So, we know that Q = $q_{1}$ + $q_{2}$

where $q_{}$ being the individual firm output.

Solution:

P = 1660-4Q

P = 1660- 4( $q_{1}$ + $q_{2}$ )

P = 1660 - 4 $q_{1}$ - 4 $q_{2}$

Including the marginal cost of firm 1 and multiplying the whole equation by $q_{1}$

Let's suppose new equation is X

X = 1660 $q_{1}$ - 4 $q_{1} ^{2}$ - 4 $q_{1}$ $q_{2}$ - 60 $q_{1}$

Taking the derivative w.r.t to $q_{1}$ , we will get:

$X^{'}$ = 1660 - 8 $q_{1}$ - 4 $q_{2}$ - 60 = 0

Making rearrangements into the equation:

8 $q_{1}$ + $q_{2}$ = 1660 - 60

8 $q_{1}$ + $q_{2}$ = 1600

Dividing the whole equation by 4

2 $q_{1}$ + $q_{2}$ = 400

Solving for $q_{1}$

2 $q_{1}$ = 400 - $q_{2}$

$q_{1}$ = 200 - 0.5 $q_{2}$

Including the marginal cost of firm 1 and multiplying the whole equation by $q_{2}$

P = 1660 - 4 $q_{1}$ - 4 $q_{2}$

Let's suppose new equation is Y

Y = 1660 $q_{2}$ - 4 $q_{1}$ $q_{2}$ -4 $q_{2} ^{2}$ - 60 $q_{2}$

Pugging in the value of $q_{1}$

Y = 1660 $q_{2}$ - 4 $q_{2}$ (200 - 0.5 $q_{2}$ ) -4 $q_{2} ^{2}$ - 60 $q_{2}$

Y = 1660 $q_{2}$ - 800 $q_{2}$ +2 $q_{2} ^{2}$ -4 $q_{2} ^{2}$ - 60 $q_{2}$

Y = 1600 $q_{2}$ - 800 $q_{2}$ -2 $q_{2} ^{2}$

Taking the derivative w.r.t $q_{2}$

$Y^{'}$ = 1600 - 800 - 4 $q_{2}$ = 0

Solving for $q_{2}$

4 $q_{2}$ = 800

$q_{2}$ = 200

$q_{1}$ = 200 - 0.5 $q_{2}$

Plugging in the value of $q_{2}$ to get the value of $q_{1}$

$q_{1}$ = 200 - 0.5 (200)

$q_{1}$ = 200 - 100

$q_{1}$ = 100

Q = $q_{1}$ + $q_{2}$

Q = 100 + 200

Q = 300

Hence, in equilibrium, total output by the two firms will be option

e= 300.

5 0

3 years ago

Data for March for Lazarus Corporation and its two major business segments, North and South, appear below: Sales revenues, North

JulijaS [17]

Answer:

Lazarus Corporation

A properly constructed segmented income statement in a contribution format would show that the net operating income of the company as a whole is:

= $47,000.

Explanation:

a) Data and Calculations:

North South Total

Sales revenues $380,000 $230,000 $610,000

Variable expenses 213,000 104,000 317,000

Contribution $167,000 $126,000 $293,000

Fixed expenses:

Traceable 65,000 25,000 90,000

Common 84,000 72,000 156,000

Total $149,000 $97,000 $246,000

Operating income $18,000 $29,000 $47,000

b) Segmented income statement is prepared to show the contributions and operating income generated from different segments of the entity. It helps to evaluate performances of segments and to identify profitable or less profitable segments.

7 0

2 years ago

At the end of the next four years, a new machine is expected to generate net cash flows of $8,000, $12,000, $10,000, and $15,000

erik [133]

I would say alot of money

7 0

2 years ago