1. The <u>most appropriate </u><u>response</u> from James would be to <em>show that he has learned a lot during Randal's stay.</em>
James should not remain in his comfort zone because it is not an advantageous option. James must demonstrate that he is able and willing to become computer literate by a change of attitude.
2. The <u>most ineffective </u><u>response</u> from James would be for him to show anger at Randal. Instead of this, he should approach Randal with an open mind, <em>ready to learn.</em>
Thus, Randal may take James' job if James does not rethink his strategy and push his unit to embrace the technological advancement recommended by Randal.
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Answer:
The number of units sold in 2016 is 12,058 units
Explanation:
The number of units sold in the year 2016 is simply the total revenue in 2016 divided by selling price per unit.
Total revenue =net income+total variable cost+total fixed cost
net income for 2016 is $152,800
assuming X units were sold
total variable cost =$92*X
fIxed cost =$570,700
total revenue=$152*X
152X=152800+92X+570700
152X-92X=152800+570700
60X =723500
X =723500
/60
X=12058.33
Alternatively, the number of units sold is total contribution divided by contribution per unit
Answer:
The marginal propensity to consume is <u>92 percent</u>.
Explanation:
Marginal propensity to consume (MPC) refers to the additional expenditure on consumption by consumer as a result of an in national income.
That is, MPC is a measure of the proportion or percentage of the additional income that goes consumption expenditure.
MPC can be calculated using the following formula
MPC = ΔC / ΔY ......................................... (1)
Where;
ΔC = Change in consumption = New consumption - Old consumption = $1,168 - $800 = $368
ΔY = Change in income = New income - Old income = $1,400 - $1,000 = $400
Substituting the values into equation (1), we have:
MPC = $368 / $400 = 0.92, or 92%
Therefore, the marginal propensity to consume is <u>92 percent</u>.
Answer:
Skills USA
Explanation:
that is what would best benefit
Answer: The correct answer is "c. will not be good for the economy since the presence of frictional unemployment increases economic efficiency.".
Explanation: Eliminating all frictional unemployment <u>will not be good for the economy since the presence of frictional unemployment increases economic efficiency.</u>
Frictional unemployment is voluntary unemployment that lasts the time between one worker leaving one job and finding another. That is, the unemployed person decided to leave his job voluntarily, either to rest, study or to find another job. It is beneficial for the economy, since it results in a better allocation of resources. However, if the search takes too long and the mismatches are too frequent, the economy suffers, since some work is not carried out.