Answer:
Structural unemployment is present in case of A, B, C, and D.
Explanation:
Structural unemployment refers to the situation when the workers are unemployed because of the mismatch between the skills they possess and the skills the employers are looking for.
Unemployment caused by drought cannot be classified as structural unemployment. The rest of the examples involves cases of structural unemployment.
Answer:
4.) Both sellers and buyers are satisfied with the price and the quantity.
Explanation:
Option (4) is the answer because equilibrium of price is when supply and demand are equal.
Answer:
$29,760
Explanation:
Overhead application rate = 124% of direct labor cost
The required total labor costing = $24,000
Total overhead applied = Overhead application rate * $24,000
Total overhead applied = 124% * $24000
Total overhead applied = $29,760
Answer:
$114,338
Explanation:
The computation of the amount that should be billed when 1,400 professional labor hours used
But before that determine the actual per hour salary and budgeted indirect cost per hour
Actual per hour salary
= Total actual salary ÷ Total actual professional hours
= ($110,000 × $20 + $30,000× 10) ÷ (60,000)
= ($2,200,000 + $300,000) ÷ (60,000)
= $41.67
And, the budgeted indirect cost per hour is
= $200,000 ÷ $50,000
= $40
Now the amount that should be billed is
= 1,400 hours × ($41.67 + $40)
= $114,338
Answer: d) a rise in input prices; a decrease in the number of sellers in the market; a rise in the price of a substitute in production.
Explanation:
Supply simply has to do with the amount of goods that a particular producer is willing to sell to economic agents at a particular price and at a given time.
It should be noted that rise in input prices; a decrease in the number of sellers in the market; a rise in the price of a substitute in production would cause a reduction in supply of goods and services.
This is because when the number of sellers reduce, the supply will also reduce as there are lesser people supplying the goods. Also, when the prices of input increases, it affects cost and supply reduces.
Therefore, the correct option is D.