Answer:
True
Explanation:
Total unemployment is the addition of frictional, structural, and cyclical unemployment. If there is no cyclical unemployment, the economy is at its natural rate of unemployment, equal to the sum of frictional and structural unemployment. In this situation, because cyclical unemployment is 0.0%, the economy is at its natural rate of unemployment.
Also note the following :
Structural unemployment comes from a mismatch between the jobs available in some labor markets and the skills of workers. One factor which brings structural unemployment is institutional factors such as a minimum wage, which holds wages above the marginal productivity of less skilled workers, limiting their employment chances.
Frictional unemployment occurs because job seekers and employers will need some time to locate one another.
This kind of unemployment is usually brief.
Cyclical unemployment is the form of unemployment associated with business cycles. This kind of unemployment rises during recessions and falls during expansions. Because Janet seems jobless because of the recession, she would generally be considered to be cyclically unemployed.
Answer and Explanation:
The computation of the predetermined overhead rate for each department is given below:
For department D
= Estimated manufacturing overhead ÷ direct labor cost
= $1,260,000 ÷ $1,800,000
= 70% of direct labor cost
For department E
= Estimated manufacturing overhead ÷ direct labor hours
= $1,625,000 ÷ 125,000
= $13 per direct labor hours
For department K
= Estimated manufacturing overhead ÷ machine hours
= $960,000 ÷ 120,000
= $8 per machine hours
Answer:
What is the opportunity cost of something?
- What must be given up to acquire it
Opportunity cost is the extra costs or benefits lost from choosing one activity or investment over another alternative.
Your aunt's opportunity cost of running a hardware store for a year is.
- $55,000 in lost wages and the cost of capital invested (which is not given).
Suppose your aunt thought she could sell $680,000 worth of merchandise in a year.
- She should open the store because the economic profit = $680,000 (total revenue) - $600,000 (accounting costs) - $55,000 (opportunity costs) = $25,000
Economic profit = accounting profit (total revenues - total expenses) - opportunity costs
Answer:
mortgage
Explanation:
A mortgage is the most common type of loan when someone buys a house or apartment. Your bank lends you money and in exchange it takes the property title of your house or apartment as collateral until you finish paying your debt. The same applies for businesses that need to buy real property.
Answer:
1. quickly describe large amounts of data
2. the stock is worth 15% more at the end of the year than at the beginning
3. 9.2%
Explanation:
Descriptive statistics helps to quickly describe large amounts of data because it simply involves using certain measurement tools to describe the data seen such that patterns emerge that will help in analyzing the data. Examples include, frequency tables and measures of variation like range and standard deviation.
When a stock has a 15% return, it means that the owner is getting 15% more than the amount that the stock cost them therefore showing that the stock is worth 15% more at the end of the year than at the beginning.
The return on the stock is;
= (4.75 - 4.35) / 4.35
= 9.2%