Answer:
MPLF/MPLC; becomes steeper
Explanation:
The slope of a country's production possibility frontier with cloth measured on the horizontal and food measured on the vertical axis in the specific factors model is equal to MPLF/MPLC and it becomes steeper as more cloth is produced.
Where
- MPLC is Marginal Product of Labor for Cloth.
- MPLF is Marginal Product of Labor for Food.
Answer: Occurs only during a recession.
Explanation:
Cycling unemployment is a kind of unemployment where company lay-off workers because they can't meet up with their payments: as a result of a general drop in the demand for goods and services in the economy of country.
Cyclical unemployment are very common in recessions as companies then massively drop workers in their establishment due to general low economic activities.
Answer:
The correct answer is letter "D": consistent, more.
Explanation:
Utility is the satisfaction or joy an individual perceives by consuming a determined good or service. Individuals can maximize their utility by purchasing more of a product moreover when the product's price decreases. Therefore, the maximizing utility principle matches the law of demand that states as soon as a price diminishes the quantity demanded increases.
With the given choices above, an accurate choice that
describes what descriptive statistics is that it refers to mainly patterns that
can be found in the data quickly because a descriptive statistics focuses more
on having to provide feature of the data that an individual is studying in
which it provides quick and simple summaries regarding about the data.
Answer:
Contribution margin per production hour for product X = $12
Contribution margin per production hour for product X = $15
Explanation:
The computation of contribution margin per production hour is given below:-
Product X Product Y
Contribution margin per unit $6 $5
Units produced per hour 2 3
Contribution margin per production hour $12 $15
Working note =
Contribution margin per production hour for product X = Contribution margin per unit × Units produced per hour
= $6 × 2
= $12
Contribution margin per production hour for product Y = Contribution margin per unit × Units produced per hour
= $5 × 3
= $15