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Cloud [144]
3 years ago
11

According to mcardle, when the boomers are fully retired, there will be how many workers per retiree?

Business
1 answer:
Komok [63]3 years ago
6 0

According to McArdle, there shall be 2 workers per 1 retiree once the baby boomers are fully retired. Baby boomers refer to a group of people that were born between 1946 and 1964. Today, boomers still make up a lot of percentage in the workforce.

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A competitive firm currently produces and sells 7,500 units of output at a price of $2.50 per unit. The firm's average fixed cos
saveliy_v [14]

Answer:

A. $-2,250

B. The firm should continue to operate in the short run because price is greater than average variable cost

C.The firm should exit in the long run because it is making losses

D. In the long run, prices would increase because in a competitive firm, price must equal average cost. As firms exit the industry, supply would fall and this would lead to an excess of demand over supply. As a result, price would rise

Explanation:

A perfect competition is characterised by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.

In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.

Profit = Total revenue - Total cost

( $2.50 -  $2.80) × 7,500 = $-2,250

The firm is earning a loss

A firm should shutdown in the short run if price is less than average variable cost.

Average variable cost = average total cost- average total cost

 $2.80 - $0.75 = $2.05

2.50 > 2.05 so the firm should continue to operate in the short run.

The firm should exit in the long run because it is making losses

In the long run, prices would increase because in a competitive firm, price must equal average cost

I hope my answer helps you.

3 0
3 years ago
Which account is not classified as a selling expense? sales salaries delivery expense cost of goods sold advertising expense?
lord [1]
The three out of four in the choices is classified as a selling expense such as sales salaries, delivery expense, and advertising expense. This three are under the account of selling expense while the Cost of good sold or for short COGS is also classified as an expense but the cogs we sold needs to be matched <span>with the pertinent sales on the </span>income<span> statement.</span>
8 0
3 years ago
Read 2 more answers
Thandi's boutique has employed under the age of 16 is it unethical
Veseljchak [2.6K]
It is not immediately unethical to employ someone under the age of 16, but if the workload of the child is that of an adult, it is not allowed. There are special laws that protect the health and safety of a young person in employment. The job of the child must be considered and must not be too heavy.
3 0
3 years ago
A methods and measurements analyst needs to develop a time standard for a certain task. In a preliminary study, he observed one
CaHeK987 [17]

Answer:

120 seconds (2 minutes)

Explanation:

Standard time = normal time + allowances

The normal time is computed using the following formula

normal time = observed time X ratings/100

observed time mean = (84+76+80+84+76)/5 = 80

A person who is 25% faster has a rating of 125%

normal time = 80 X 125/100 = 100 seconds

Allowances is calculated as a percentage of normal time

Allowance = 80 X 20/100 = 20 seconds

Standard time = 100 + 20 = 120 seconds

3 0
3 years ago
A print shop runs a two-station binding line, in which the first station punches holes in the pages and the second station insta
ycow [4]

Answer:

Punching machine

Explanation:

The computation is shown below:

Punching actual output = Both punching and the binding output + punching output

= 8,000 + 5,000

= 13,000 pages per hour

But the punching machine process to 15,000 pages per hour

Now the utilization rate of punching is

= 13,000 ÷ 15,000

= 0.867 pages per hour

Now for binding

The actual output is 8,000 pages per hour

Binder processing to 10,000 pages per hour

So, the utilization rate is

= 8,000 ÷ 10,000

= 0.8 pages per hour

As we can see that the utilization rate of punching is higher that results the bottleneck

8 0
3 years ago
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