Answer and Explanation:
B. reduces the number of available job opportunities
Answer:
49 million
Explanation:
Data given in the question
Population = 100 million persons
Civilian jobs = 40 million
Not working but looking for a job = 9 million
So the number of persons in the civilian labor force is
= Civilian jobs + not working but looking for a job
= 40 million + 9 million
= 49 million
The civilian labor force includes both the employed as well as unemployed person
When selling the 100th widget, the firm will always receive A. less marginal revenue on the 100th widget than it received on the 99th widget.
A downward-sloping demand curve simply means that when there's a reduction in the price of a good, the consumers will purchase more of that product.
Based on the information given, when selling the 100th widget, the firm will always receive less marginal revenue on the 100th widget than it received on the 99th widget. The marginal revenue is the increase in revenue based on an additional unit of output that's sold.
Read related link on:
brainly.com/question/25472149
Answer: contrasting effects
Explanation:
Last year, fiona had a yard sale. She marked the prices of items very reasonably, and she refused to reduce them when people tried to "deal." this year, she had another yard sale, but this time, she marked the prices of items quite high, and then reduced them by 50% or more when people asked to "deal." fiona was surprised to find that she made much more money this year. When she asks you why this might have happened, you explain how judgments can be affected by contrasting effects.
Contrast effect is simply the addition or the reduction in value to a particular thing. This in turn leads to us seeing that thing differently or analysing it in a different way when compared to a normal case. This perception affects our thoughts and behavior. From the scenario above, the judgments has been affected by contrasting effects.
Question: What percentage of the variation in overhead costs is explained by the independent variable
Answer: 82.8%
Explanation:
= 0.848 (84.8%), the explanation of variation in Y from the X regress
Question: What is the total overhead cost for an estimated activity level of 60,000 direct labor-hours
Answer: $410,000
Explanation:
The equation resulting from this regression analysis is:
Total overhead = Estimated fixed cost + Estimated variable cost per labor hour x Labor hours
= Intercept estimate + Coefficient estimate on independent variable x 60,000 DLH
= 110000 + 5 x 60000 DLH
= 110000 + 300000
= 410000
