Answer:
C, the demand for the precious metals has increased and technological advances allow the metals to be extracted more efficiently.
Explanation:
Because cellphones today make use of certain precious metals in the production of bespoke editions, luxury editions and other high class editions, these cell phones are recycled and the precious metals are taken off them to produce other cellphones or human wants as the precious materials are durable and hardly get destroyed like other materials used in producing cellphones. Gold for example is commonly used for some high end cell phones and because gold never goes bad, it can be recycled and the gold extracted from a bad cellphone along side other metals to produce other cellphones or another human want. Technology today has helped in the extraction of these metals from these cell phones totally and purely for use for other things.
Cheers.
Answer:
Option (c)
Explanation:
(a) It is the correct statement.
When the wages of workers raise by the unions and it is set above the equilibrium then as a result the quantity supply of labor increases because every worker in the market wants to earn higher wages. From the point of view of the firms, it will be expensive for the firm to hire workers at this wage rate. Hence, the quantity demanded for labor decreases.
(b) It is the correct statement.
Union helps in improving the efficiency of the workers and employees. In a union, the efficiency is achieved with the collective bargaining power of the workers.
(c) It is not the correct statement.
When a union is already present in the labor market, then the wages of the workers is set by the union members. It is not determined by the equilibrium of the two forces: demand and supply.
(d) It is the correct statement.
It is evident from the fact that the union membership were declining over the years.
Answer:
ALL EXCEPT PRODUCTION
Explanation:
The costs of the value chain includes: Research and Development, Design Costs, Production, Marketing, Distribution and Customer Service.
The costs of the value chain are expensed in the current year income statement because they majorly (except production costs) fall under the category called periodic costs.
Periodic costs are costs that are more aligned with the passage of time than directly traceable to units of a product or event. Another major difference between product costs and period costs is that product costs can only be incurred when the products have been acquired or manufactured, while periodic costs will apply when the goods have not been acquired or produced yet, or as aforementioned, are associated with the passage of time.
In the light of above definition, all costs within the value chain are expensed as periodic costs with the exception of production costs which obviously are product costs.
When interest rates are high, then the consumers have a greater incentive to save more, but when interest rates are low, consumer have a greater incentive to borrow more.
<h3>What is Interest Rate? </h3>
This refers to the charge which is given for a particular loan which is replayed after a certain time.
With this in mind, high interest rates are not appealing to customers so they rather save and then borrow when the interest rates are low.
Read more about interest rates here: