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2 years ago

Frictional unemployment occurs because in a world of imperfect information, it takes ________ for people to find jobs.

1 answer:

3 0

Frictional unemployment occurs because in a world of imperfect information, it takes time for people to find jobs.

<h3>What is Frictional unemployment?</h3>

Transitions in employment that are voluntary within an economy lead to frictional unemployment. Even in an expanding, stable economy, frictional unemployment is a given. Frictional unemployment refers to workers who decide to leave their current jobs in search of new ones and people who are just starting out in the workforce. It excludes employees who hold onto their existing position until they find a new one because, presumably, they are never unemployed.

In the economy, there is always some frictional unemployment. It is a portion of natural unemployment, which is the lowest unemployment rate in an economy as a result of economic factors and labor movement, and it affects the overall employment picture.

The number of workers who are involuntarily out of work indicates both natural unemployment and the number of people who have been replaced by technology or lack of expertise.

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3 years ago

A natural monopoly exists when a single seller experiences ____________ average total costs than any potential competitor.

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Answer:

lower

Explanation:

A natural monopoly appears when there are high entry costs like large infrastructure costs or economies of scale where a company can provide the products at a lower costs than others which provides a big advantage to the firm in the market and makes it difficult for any potential competitor to be able to compete. According to that, the answer is that a natural monopoly exists when a single seller experiences lower average total costs than any potential competitor as this represents a barrier for the competitor to be able to enter the market.

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3 years ago

On May 1, 2021, Cedar Corp. paid $432,000 for rent on warehouse space one year in advance. On November 1, 2021, Cedar Corp. ente

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Answer: $324,000

Explanation:

Cedar Corp. paid $432,000 for a year in advance. According to the Accrual principle in Accounting, expenses are to be recorded only when incurred.

The rent will therefore have to be apportioned to the months that it has paid for in the current period.

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