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4 years ago

Identify each person below as structurally, frictionally, or cyclically unemployed.

Business

1 answer:

leonid [27]4 years ago

4 0

Answer and Explanation:

Structurally unemployed: It refers to mismatch between both the available jobs and the unemployed skills

Frictionally unemployed: This condition occurs when the workers or labors are not employed and looking for the work

Cyclically unemployed: It arise when where the aggregate demand for goods and services can not encourage full employment in an economy. This takes place during times of sluggish economic growth or times of economic contraction

Based on the explanation, the classification is as follows

a. Structurally unemployed

b. Cyclic unemployed

c. Frictionally unemployed

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Variable-ratio reinforcement, in which the rate of reward varies over time.

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Using the midpoint method described in the textbook, find the cross-price elasticity of demand for FedEx and UPS overnight shipp

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Answer:Cross Elasticity of Demand = 0.56

Explanation:

Cross Elasticity of Demand = Percentage change in quantity demanded/Percentage change in price .

Using the midpoint formulae

Percentage change in quantity of UPS=Q2 - Q1/ Q2+Q1/2

=1,300,000 - 1,200,000/(1,300,000 + 1,200,000)/2=0.1/1.25 =0.08

Percentage change in Price of FedEx = P2 -P1/ (P1+P2)/2

=75-65/(75+65)/2=10/70=0.1428

Cross Elasticity of Demand = Percentage change in quantity demanded/Percentage change in price .

=0.08/0.1428 = 0.56

Here the cross elasticity of demand is positive, which trells us that FedEx and UPS are substitute goods.

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3 years ago

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John likes to dine out frequently. However, he gets very upset if the service at the restaurant is not to his liking. He loses h

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Answer: John has a low emotional intelligence.

Explanation: Low emotional intelligence is a condition called ALEXITHYMIA, it is a situation where by someone is unable to either express or understand his/ her emotions.

Having a low emotional intelligence has been proven to sometimes be connected to the damage of the portion of the brain that is in control of communication which should exist between the right and left part of the brain, and as a result of this, messages that are related to emotions are not processed. Sometimes it could be the result of a brain injury.

Signs of low emotional intelligence are:

• Such people are easily stressed up.

• Such people makes quick assumptions.

• Such people hold grudges.

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3 years ago

Billabong Tech uses the internal rate of return (IRR) to select projects. Calculate the IRR for each of the following projects

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Answer:

Project t shirt IRR = 33.69%

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I would recommend project board short because its IRR is higher.

Explanation:

The internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested.

IRR can be calculated using a financial calculator:

For Project T-Shirt ,

Cash flow in year 0 = -$17,333

Cash flow each year from year one to four = $8,500

IRR = 33.69%

Project Board Shorts,

Cash flow in year 0 = -$27,667

Cash flow each year from year one to five = $13,000

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Project Board Shorts would be chosen because its IRR is higher than that of the other project.

To find the IRR using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.

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