Answer:
Europe: 50% Japan 50%
Europe: 40% Japan 60%
Europe: 60% Japan 40%
None of these values is consistent with this increase
Explanation:
An "autonomous person" is someone who <span>understands the risks and benefits of his or her participation and is able to make a voluntary decision if adequate information is provided. An autonomous person is able to make decisions based on how the situation relates to their values, preferences, or beliefs. This type of person stays true to themselves and makes sure the decisions they make are made with thought and trust. </span>
Answer:
Individual firms and workers are wage takers because they cannot exert any control over the market wage rate.
Explanation:
Remember, a labor market shows the availability of employment and labor, in terms of their supply and demand.
This scenario occurs in a purely competitive labor market.
In this market there many qualified workers with identical skills; meaning the workers share similar skills while the demand for such skills is high because of their importance to firms.
Answer:
with the third doubling, the AVC = $9.11 per unit
Explanation:
The average variable cost (AVC) decreases by 10% with each doubling of cumulative output:
<u>Production level in units</u> <u>AVC per unit</u>
1,000 $12.50 per unit
2,000 $11.25 per unit
3,000 $10.13 per unit
4,000 $9.11 per unit
Answer:
the cpi has understated the cost of living because of quality improvement bias