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3 years ago

14

Labor unions generally prefer it if an international business keeps highly skilled tasks in its home country and farms out only

low-skilled tasks to foreign plants.
a. True
b. False

1 answer:

Anna35 [415]3 years ago

5 0

<span>b. False. Labor unions include workers of all skill levels and prefer opportunities for advancement.</span>

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Paul consumes only books and DVDs. At his current consumption bundle, his marginal utility from DVDs is 21 and from books is 4

Nat2105 [25]

Answer:

Paul is NOT maximizing his utility.

Explanation:

Given:

MU $_{D}$ = Marginal utility from DVDs = 21

MU $_{B}$ = Marginal utility from books = 4

P $_{D}$ = Price of DVDS = $11

P $_{B}$ = Price of books = $1

Under the utility maximization theory for two or more goods, utility is said to be maximized by a consumer when the ratios of the marginal utility to price per unit of each good are equal to each other. For this question, this implies that when we have:

MU $_{D}$ / P $_{D}$ = MU $_{B}$ / P $_{B}$ ………………………….. (1)

Therefore, we have:

MU $_{D}$ / P $_{D}$ = 21 / 11 = 1.91

MU $_{B}$ / P $_{B}$ = 4 / 1 = 4

Since 1.91 = MU $_{D}$ / P $_{D}$ < MU $_{B}$ / P $_{B}$ = 4, this implies that these conditions are NOT consistent with equation (1). Therefore, Paul is NOT maximizing his utility.

In order to maximize his utility, Paul should consume more DVDs and consume less books until these conditions are consistent with equation (1).

7 0

3 years ago

Monroe Construction Company uses the percentage-of-completion method of accounting. In 2013, Monroe began work on a contract it

deff fn [24]

Answer:

$2,400,000

Explanation:

Costs incurred during 2013 + estimated costs to complete (2014) = $9,600,000 + 6,400,000 = $16,000,000

The gross profit for all the project should be $20,000,000 - $16,000,000 = $4,000,000.

The $4,000,000 gross profit should be distributed as follows:

2013 = ($9,600,000 / $16,000,000) x $4,000,000 = $2,400,000

2014 = ($6,400,000 / $16,000,000) x $4,000,000 = $1,600,000

7 0

3 years ago

Which of the following is not correct? a. The consumer price index gives economists a way of turning dollar figures into meaning

Marina CMI [18]

Answer:

The consumer price index is used to measure the quantity of goods and services that the economy is producing.

Explanation:

CPI or consumer price index is a measure of changes in the average prices of a basket of products and services in a given time. The selected goods and services are a fair representation of consumption expenditure in the economy. Economists use the CPI as a Macroeconomic indicator of inflation.

As a measure of inflation, the CPI statistics communicate increases or decreases in the prices of goods and services in the economy. It forms a basis for policy decisions by the government that aid in the prevention of reduced purchasing power of the dollar. CPI is all about changes in prices and nothing to do with the production of goods and services.

5 0

3 years ago

Chuck, a single taxpayer, earns $75,000 in taxable income and $10,000 in interest from an investment in City of Heflin bonds. (U

Andrew [12]

Answer:

Given that,

Taxable income = $75,000

Interest from an investment = $10,000

Using the U.S tax rate schedule in 2017

(a) Federal tax will he owe = $5,226.25 + 25% × ($75,000 - $37,950)

= $5,226.25 + $9262.5

= $14,488.75

(b) $Average\ Tax\ Rate = \frac{Total\ Tax}{Taxable\ Income}$

$Average\ Tax\ Rate = \frac{14,488.75}{75,000}$

= 19.32%.

(c) $Effective\ Tax\ Rate = \frac{Total\ Tax}{Total\ Income}$

$Effective\ Tax\ Rate = \frac{14,488.75}{75,000 + 10,000}$

= 17.05%

(d) Chuck is currently in the 25 percent tax rate bracket.

His marginal tax rate on increases in income up to $16,900 and deductions from income up to $37,050 is 25 percent.

6 0

3 years ago

Louise purchased a disability policy when her salary was $4,000 a month. Later, she lost that job and her salary was reduced to

kondaur [170]

Answer:

$3,500

Explanation:

This is because every Health and Disability Income Policy express the conditions and provisions for continuation of the contract on the new income level.

3 0

3 years ago