Answer:
The answer is: Canadian workers will still have a higher productivity, it will be $0.40 per hour higher.
Explanation:
We can elaborate the following productivity table:
Year Canadian productivity British productivity
0 $33 per hour $29 per hour
1 $33.33 per hour $29.87 per hour
2 $33.66 per hour $30.77 per hour
3 $34 per hour $31.69 per hour
4 $34.34 per hour $32.64 per hour
5 $34.68 per hour $33.62 per hour
6 $35.03 per hour $34.63 per hour
At the end of year 6, Canadian workers' productivity will be $35.03 and British workers' productivity will be $34.63 per hour (Canadian workers will be $0.40 more productive).
Answer:
B) 708
Explanation:
The computation of the economic order quantity is shown below:
Data given in the question
Annual demand = 50,000 units
Ordering cost per order = $25
Holding cost per unit = $5
= 708 units
We apply the above formula to compute the economic order quantity so that the approximate value could come by considering the all items given in the question
Answer: D. customers have heterogeneous demands which are expected to be met in a cost-effective way.
Explanation:
The options are:
A. most customers are likely to agree on a single product configuration.
B. customers prefer to upgrade their products by replacing their entire system.
C. customers are willing to pay a premium price for extreme customization and personalization.
D. customers have heterogeneous demands which are expected to be met in a cost-effective way.
Modular production system refers to a production system whereby the workers set their own standards and then work together for production purpose.
Based on the scenario given, a modular system would offer greater value to ErgoWorld when the customers have heterogeneous demands that are expected to be met in a cost-effective way.
The people that is part of the labor force is option D: an auto mechanic
The best example of frictional unemployment is option D: a company moving to another state, leaving its workforce without jobs
The ways that the economy is affected when the unemployment rate goes up are option B and C:
- Sales tax rates go down.
- Less money is spent on investments.
The most likely result of incomes not rising as quickly as inflation is option B: The unemployment rate rises as more people look for jobs.
The way the standard of living in the United States generally changed over the past 100 years is option B: It has gotten much better.
<h3>What do the terms "labor force" and "work force" mean?</h3>
The labor force is the whole population that is actively seeking employment. It is measured in terms of the number of days and is independent of wage rates. The workforce is the total number of people who are really employed.
Short-term unemployment includes frictional unemployment. When someone actively seeks a job or a new career, they are said to be in a frictional state of unemployment. Unemployment that is only intermittent isn't always a terrible thing. In fact, since it's voluntary, frictional unemployment may be a sign of a strong economy.
Hence, the term "workforce" or "labor force" refers to the group of people who are either employed or unemployed and an auto mechanic is a good example of it.
Learn more about labor force from
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Fees charge = 2%
Investment worth = $500,000
Amount due = 2/100 * 500,000 = 10,000
The amount Andrew will receive as compensation is $10,000.
