Answer:
shows the relationship between the unemployment rate and the size of the negative GDP gap.
Explanation:
Okun's law focuses on the relationship that exists between unemployment and economic growth. It's states that the gross domestic product of a nation should grow at about 4% to result in an unemployment rate reduction of 1%.
So it follows that if unemployment rate rises there will be a negative gap in the GDP of a country.
Employed labour is needed to produce output that will grow the economy and the GDP.
However when unemployment increases there is less labour and low output level, resulting in reduction of GDP.
Answer: The production possibilities curve has a negative slope.
Explanation:
Production possibility frontiers shows us the combination of goods that can be produced in a nation using all of its resources. Since, resources are scarce it is only possible to produce more units of one good by producing less of the other. Thus, the slope of the production possibility frontier is negative.
Other options, does not tell us anything about the scarcity of resources.
Answer:
III. The supply of soft drinks decreases
Explanation:
Changes different from price and quantity supplied or quantity demanded will cause changes in the total supply or demand. In this case, an increase in the cost of the aluminum used by soft-drink companies will increase their cost of production. Because this affects companies which supply canned soft drinks, this increase in the cost of production will affect the total supply. If the cost of production increase, with the same resources, they will produce less but need to compensate this decrease in units by increasing the price. In the demand and supply graph, the supply will shift to the left and this will decrease the equilibrium quantity and increase the equilibrium price.
Answer:
d. $31.75
Explanation:
Computation for the total production cost per unit
Direct labor $8.50 per unit
Direct material $9.00 per unit
Variable overhead $6.75 per unit
Fixed overhead ($60,000/8,000 units) $7.50 per unit
Total production cost per unit $31.75
($8.50 + $6.75 + $9.00 + $7.50)
Therefore the total production cost per unit under variable costing if 20,000 units had been produced will be $31.75
Answer:
The correct answer is letter "A": product.
Explanation:
The marketing mix is a strategic analysis of the internal factors of a company and developed especially to firms. (Four) are the variables considered for a business: <em>product, price, place, </em>and <em>promotion</em>. The product involves the good or service the organization intends to offer and all the quality and legal implications.