Answer: d. $282,000
Explanation:
The workforce complement is to increase by 10%;
= 471 * 10%
= 47.1
= 47 people
Recruiting cost = 47 * (recruiting base + recruiting spend)
= 47 * ( 1,000 + 5,000)
= $282,000
Answer:
the difference between revenue and variable cost
Explanation:
As we know that
Producer surplus is = Total Revenue - Total Variable Cost
So here we can see that the producer surplus would be the difference between the revenue & the variable cost in the industry i.e. perfectly competitive
Hence, the second last option is correct
And, the other options are wrong
Answer: During periods when the inflation rate fluctuates widely, "c. uncertainty about changes in relative prices causes a decrease in economic efficiency".
Explanation: Economic process caused by the imbalance between production and demand; it causes a continuous rise in the prices of most of the products and services, and a loss of the value of the money to be able to acquire them or make use of them. The uncertainty in prices caused by inflation also negatively affects consumers, since they must waste time researching the price of the products they consume. So this uncertainty and less information, which produces inflation, negatively affects both investors and consumers, and with this negatively affects the growth possibilities of the economy.
If a local government has plans to build a new transit station on a site where several homes are currently located and the residents would not want to move, then the fifth amendment can be used where it says that the government could take the land but the government should pay a fair enough price to the owners of the land. This part of the Fifth Amendment is called the Taking Clause where it stresses out the a private property should be not be taken for public without a just compensation. The people who made this clause are land property owners who has a certain degree of mistrust of the government power.
