The purchasing power of a dollar will erode by 8.26%.
The purchasing power of $1 if inflation rate is 8% is as follows:
Purchasing power = 1 / (1 + 0.08)
Purchasing power = 1 / 1.09
Purchasing power = 0.91743119
Change in purchasing power = [(0.91743119 - 1) / 1]*100
Change in purchasing power = [(-0.08256881/1} * 100
Change in purchasing power = -0.08256881 * 100
Change in purchasing power = -8.26%
Therefore, the purchasing power of a dollar will erode by 8.26%
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Answer:
D. Whether to pay office workers a wage or a salary
Explanation:
The HR compensation functions entail rewarding employees for work done. Employee compensation includes monetary payments such as salaries, wages, overtime, profit sharing, allowances, or bonuses.
Non -monetary compensation includes benefits such as housings, paid car, insurance coverage, and stock ownership.
In consultation with the other managers, the HR managers determine the level and combination of compensation for every employee. HR has to decide whether to employ office workers on a part-time or full-time basis. Equally, HR determines whether to pay the office workers either a salary or wages.
Answer:
Comparative advantage
Explanation
Comparative advantage is a theory that refers to the ability to produce products at a lower opportunity costs than others. This concept means that if a country is better than other producing two products, specialization still can happen as the second country can produce one of the products better and it will specialize as it has a comparative advantage and like that each country focuses on what they can produce more efficiently.
Answer:
Average cost:
Average cost at x = 1,000
= 10,220.11
Marginal cost at x = 1,000
= 30,420
Since marginal cost is greater than the average cost, the average cost is increasing.
Answer:
25%
Explanation:
Given:
Projects done by first worker per day = 1.5
Projects by second worker per day = 2
Projects by third worker per day = 3
Projects by fourth worker per day = 1.5
Actual projects completed per day = 2
Now,
Capacity utilization =
or
Capacity utilization =
or
Capacity utilization =
or
Capacity utilization = 0.25
= 25%