Answer:
A) the ratio of output to the number of workers used to produce that output.
Explanation:
As per definition, the average product of labor = Total Output/Number of workers employed
.
All the other choice involve the change in total cost/revenue/output which means it will be Marginal and not average.
Answer:
50,900 units
Explanation:
a. The computation of the units were transferred out of Work in Process Inventory is shown below:
= Beginning inventory of work in process units + added to the production units - ending inventory of work in process units
= 8,100 units + 47,600 units - 4,800 units
= 50,900 units
Basically we added the production units and deduct the ending inventory of work in process units to the Beginning inventory of work in process units so that the transferred out units could come
"Mr. Fitzgerald is selling his home to permanently move into a retirement" He must be automatically dropped from the plan because he is relocating outside of the service region. He will be able to choose a new plan during a special election term. This is further explained below.
<h3>What is prescription drug plan?</h3>
Generally, Prescription drug plans (PDPs) are another name for Medicare Part D. These policies are available on their own from private insurance providers.
In conclusion, He must be automatically dropped from the plan because he is relocating outside of the service region. He will be able to choose a new plan during a special election term.
Read more about prescription drug plan
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Answer:
The correct answer is "nominal GDP measures the value of output in current-year prices, while real GDP measures output using constant prices."
Explanation:
The real GDP growth is the value of all goods produced in a given year; nominal GDP is the value of all the goods taking price changes into account.
The nominal GDP is the value of all the final goods and services that an economy produced during a given year. It is calculated by using the prices that are current in the year in which the output is produced. The nominal GDP takes into account all of the changes that occurred for all goods and services produced during a given year. For example, a nominal value can change due to shifts in quantity and price.
The real GDP is the total value of all of the final goods and services that an economy produces during a given year, accounting for inflation. It is calculated using the prices of a selected base year.
The correct answer is "nominal GDP measures the value of output in current-year prices, while real GDP measures output using constant prices."
Answer:
The correct answer is the interdependence of firms.
Explanation:
An oligopoly market is a market structure where there are a few firms. these firms are interdependent. Price and output decisions of a firm affect its rivals. An oligopoly firm faces a downward-sloping demand curve.
In other market structures like monopolistic or perfect competition, the firms are not interdependent.
