Answer:
The answer is: C) increase both labor and multifactor productivity
Explanation:
An increase in labor productivity happens when an employee can produce a larger number of units using the same amount of time. Labor productivity is part of the total factor productivity (TFP) or the multifactor productivity (MFP). So when the total labor productivity increases, so will the multifactor productivity.
Usually when one type of productivity increases, e.g. labor productivity, other factors of production will also increase their productivity, e.g. capital productivity will increase also. For example, if the worker is trained better, he will produce 2 more units using the same machinery, so because the labor productivity increased, the capital productivity also increased, i.e. the same machine can now produce two more units. That is why productivity is measured as multifactor productivity (or total factor productivity).
Underground economy refers to the illegal trade of goods and
services because it does not comply with the government’s policy of reporting
necessary requirements. An example of this is smuggling of goods and
prostitution. If there is an increase in the income tax rates, the underground
economy will continue to grow and tax evasion may be rampant. It is because
some people would avoid in their duty of paying right amount of taxes and
prefer to earn more money.
The answer is B, tho I could also understand C, I am pretty sure it’s B.
Answer:
$24.7million
$97.86million
$9.89million
Explanation:
From the sample , the lowest number is 16.3 and the highest number is 41, the range is
41-16.3
=$24.7 million
Σ 
In the sample given the mean is . : (41 +40 +38+ 32+ 23+ 22+ 20+ 18+ 17.8 +16.3 )/10
mean=26.81
Using that, we can find the variance:
[(41-26.81)^2+(40-26.81)^2+(38-26.81)^2+(32-26.81)^2+(23-26.81)^2+(22-26.81)^2+(20-26.81)^2+(18-26.81)^2+(17.8-26.81)^2+(16.3-26.81)^2]/10=97.86million
The standard deviation is just the square root of the variance:
standard deviation=√(var)
, the standard deviation is the square root of 97.86, which equals $ 9.89 million
