The law of supply<span> is a microeconomic </span>law which says<span> "...all other </span>factors<span> being equal, as the price of a good or service increases, the quantity of goods or services that suppliers offer </span>will<span> increase, and vice versa..."</span>
Answer:
A. Check attachment for proportion hypothesis test
B. Type I error is to conclude that less than 50% of adults in Suva have a will when actual probability is less than 0.5
Probability of type I error= significance level= 0.05
C. If type I error is zero, then we would not be able to reject the null hypothesis
Answer: structural unemployment
Because the new firm no longer had need of her services, Paulina’s job was eliminated this kind of unemployment is called structural unemployment. This kind of unemployment is involuntary. This means that the person is willing and able to work but cannot find a job and such is the case with Paulina as well. Since her services were filled by someone else, this will be classified under structural unemployment
.
Answer:
Working Capital= $203,000
Current ratio= 1.7603
Explanation:
Working capital is the liquid assets that are available to a business for the day-to-day operations. It is calculated by getting the difference between current assets and current liability.
Current asset= $470,000
Current liabilities= $267,000
Working capital = Current Assets - Current Liabilities
Working Capital= 470,000-267,000
Working Capital= $203,000
Current ratio is a liquidity ratio that measures a business's ability to pay it's short term liabilities.
Current ratio= Current Assets/ Current Liabilities
Current ratio= 470,000/ 267,000
Current ratio= 1.7603
