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Paladinen [302]
3 years ago
5

Unemployment rates have been higher in many european countries in recent decades than in the united states. is the main reason f

or this long-term difference in unemployment rates more likely to be cyclical unemployment or the natural rate of unemployment? explain briefly
Business
1 answer:
dusya [7]3 years ago
8 0
The main reason for the long term difference in unemployment rate is as a result of NATURAL RATE OF UNEMPLOYMENT.
European rate of unemployment has been higher because of the conditions that underlie the demand and supply of labor in Europe. Many European countries have a combination of welfare and unemployment benefits and other labor laws which impose additional costs on businesses when people are hired and when they are to be laid off. All these work together to affect the rate at which companies employed workers.
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The features of a product or service that most, if not all, customers prefer are called_________blank.
r-ruslan [8.4K]

We, consumers, favor products or services that perform well or prefer the "<u>performance attributes</u>" of what we want to consume. This feature is most, if not all, customers prefer.

The dimension of the utility function for the customer is the performance attributes of a product, good or service. Performance quality, attributes and characteristics distinguish the goods or services from those of rival brands or businesses, which the buyer may find to be very important.

If we ask a firm what their product or service is to be given and we can relate to its features or performance characteristics, the strategic activities correspond to the performance attributes subcomponent of the market utility function.

Find out what appeal is a creative strategy that elaborates on product or service attributes or benefits: brainly.com/question/28348246

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7 0
1 year ago
Karen and Mike currently insure their cars with separate companies, paying $400 and $600 a year. If they insured both cars with
Papessa [141]

Answer:

$1,720

Explanation:

Total annual premium for both Karen and Mike = $400 + $600 = $1,000

If they insured both cars with the same company, they would save 15% on the annual premiums -> the annual saving = 15% * $1,000 = $150

We use formula FV to calculate the future value of annual payment:

= FV(rate, number of payment, - payment) = FV(3%,10,-150) = $1,720

4 0
3 years ago
How do i find ending merchandise and cost of goods sold (accounting)
Sergio [31]
Ending merchandise = beginning Merchandise + net purchases- cost of goods sold
Cost of goods sold= beginning merchandise + purchases during the period- ending merchandise
3 0
2 years ago
A ____________ is generally priced at a flat rate and allows software to be used on all computers at a specific location.
Elena-2011 [213]

The answer to this question is a site license. A site license is a type of software license where in the user is allowed to install a software to a several number of computers and use the software in a particular / specific site through a network. The software licensing is another term used for site license.

3 0
3 years ago
The city of New Orleans has 200 advertising companies, 199 of which employ designers of normal ability at a salary of $100,000 a
zepelin [54]

Answer:

a. $700,000

b. 6/7 or 85.7%

c. No they will not.

Explanation:

a. Jacobs will earn the normal salary that the other designers in the other companies are getting in addition to the incremental income he brings to the company as a result of his talents.

Incremental income = Revenue with Jacobs - Revenue without Jacobs

= 1,000,000 - 400,000

= $600,000

Jacobs earnings = Normal designer earnings + incremental income

= 100,000 + 600,000

= $700,000

b. Economic rent is the excess amount that the company is paying Jacobs over what it should normally cost to get a designer.

Normal cost of designer is $100,000. Company is therefore paying an economic rent of $600,000.

Proportion of Jacobs salary that is economic rent = \frac{Economic rent}{Jacobs annual earning}

= \frac{600,000}{700,000}

= 6/7 or 85.7%

c. The company hiring Jacobs will not be making an economic profit because for them to make an economic profit they would have to be making more than the $400,000 that the other firms make. They cannot make this amount because for them to do so they would have to reduce the amount they pay Jacobs. If they do so, Jacobs would leave for greener pastures and then they would be making the same $400,000 that the rest are making.

8 0
3 years ago
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