Infrastructure is a country's public capital. Infrastructure is generally provided by the government for the welfare of the people. Items like hospitals, roads, etc all fall within the generic term of infrastructure. They are physical assets, therefore representing a county's public capital. As for the last suggested answer having that infrastructure is unimportant for economic growth, this is not true. The other option suggesting infrastructure is better provided by private companies is not necessarily true either.
Answer: C. $950
Explanation:
Hello.
Your question was missing a few details so I threw them in. You'll find it in attachments.
To calculate the total Manufacturing costs for Job 201 we would need to calculate the overhead cost allocation rate first to find out how much Overhead to allocate to Job 201.
Using a normal costing system with direct labour cost as the allocation base,
Overhead allocation rate = (Overheads/Direct Labor Cost)*100
= (100,000/50,000)*100
=200%
Overhead allocation rate is 200% or 2x direct labor cost.
Now to calculate the total Manufacturing costs of Job 201,
Total manufacturing cost for Job 201 = Direct Material + Direct Labor + Manufacturing Overheads
= 350 + 200 + (200*2 for manufacturing overhead)
= 350 + 200 + 400
= $950
$950 is the total manufacturing cost for Job 201 making option C correct.
The answer should be C.) price takers. Hope this helps!
Answer: 4. the national unemployment rate and the LFPR both go up
Explanation:
The National Unemployment Rate is a measure of people who are actively seeking work but are still not employed. Bill is actively seeking employment but does not have it and so is in this category. As a result of his inclusion, this rate increases.
The Labor Force Participation Rate (LFPR) is a measure of an economy's ACTIVE workforce.
It is calculated by dividing the number of all workers who are employed or ACTIVELY SEEKING employment divided by the total noninstitutionalized, civilian working-age population.
Bill also falls under this category and so his inclusion here also serves to increase this rate.