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Assume the mplt = 5 tennis rackets and mplb = 4 baseball bats. if the economy has 100 workers, then the economy can produce?

Citrus2011 [14]

If the economy has 100 workers, then the economy can produce a maximum of 500 tennis rackets.

Given, MPLT = 5 tennis rackets

MPLB = 4 baseball bats Number of workers =100

So, if the economy has 100 workers, then, 5 × 100 = 500

Hence, the economy can produce 500 tennis rackets.

There are two main sources of growth of the economy. First is the growth in the size of the workforce and second, growth in the productivity of that workforce.

Hence, either can increase the overall size of the economy but only strong productivity growth can increase per capita GDP and income.

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6 0

2 years ago

In the context of the six sections of the Position Analysis Questionnaire (PAQ), _____ represent the reasoning, decision-making,

riadik2000 [5.3K]

Answer:

Option "B" is the correct answer to the following statement.

Explanation:

The mental process define many different innovative methods such as logical assignments to assign a Process for the job, by this they get Information regarding job .

In the Position Analysis method such as Question related to job small assignments , authorities try Innovative methods to find Potential of an individual and their characteristics.

8 0

3 years ago

If the price level decreases,

Pachacha [2.7K]

Answer:

B. There is a movement down along a stationary money demand curve

Explanation:

Whenever the price level changes there is movement down or up along a stationary money demand curve, in this case because the price level is decreasing there will be a movement down because the demand curve is downward sloping and when price decreases more quantity is demanded so the movement is downwards.

Option A and C are wrong because change in price levels cannot cause the curve to shift right or left. Whenever the curves shift to the right or left it is because of non price reasons.

3 0

4 years ago

Harvey quit his job at State University, where he earned $45,000 a year. He figures his entrepreneurial talent or forgone entrep

ANEK [815]

Answer:

$60,000

Explanation:

Calculation to determine what The implicit costs of Harvey's firm in the first year were

First step is to calculate the Total revenue

Total revenue = 11000 × $75

Total revenue=$825,000

Second step is to calculate the Explicit cost

Explicit cost = 11000 × $55

Explicit cost= $605,000

Third step is to calculate the profit

Profit = $825,000-$605,000

Profit=$220,000

Now let calculate the Implicit cost

Using this formula

Implicit cost =Profit-(Amount earned per year +Forgone entrepreneurial income+Bond at 10% interest per annum)

Let plug in the formula

Implicit cost=$220,000-[$45,000+$5,000+($100,000+10%*$100,000)]

Implicit cost=$220,000-[$45,000+$5,000+($100,000+$10,000)]

Implicit cost=$220,000-($45,000+$5,000+$110,000)

Implicit cost=$220,000-$160,000

Implicit cost=$60,000

Therefore The implicit costs of Harvey's firm in the first year were $60,000

3 0

3 years ago

A financial institution near you advertises itself as especially oriented towards educators and teachers. What is the category t

sergij07 [2.7K]

Answer:

Credit union.

Explanation:

A credit union can be defined as a non-profit making financial cooperative that is typically controlled by its members (employees, church groups, labour unions etc) and it is saddled with the responsibility of providing financial services like the traditional banks to employees such as teachers, educators, nurses, etc.

Generally, the profit made from the amount of money that is being deposited by the members of a credit union are usually returned to the members as a form of better interest rates. Some examples of credit unions are SchoolsFirst Credit Union, New York University Federal Credit Union, Consumers Credit Union, etc.

In this scenario, a financial institution advertises itself as especially oriented towards educators and teachers. Thus, the category this institution would most likely fall under is a credit union because it's not run like businesses that is after making profit i.e it's a non-profit business established to assist employees with their finances.

6 0

3 years ago

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