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krek1111 [17]
3 years ago
8

Which of the following situations would be considered cyclical unemployment? Choose one or more: A. A typewriter repair shop clo

ses, citing lack of business. The owner is quoted as saying, "We haven’t had a customer in weeks. It has something to do with people using computers." B. A recent college graduate cannot find a job anywhere, despite excellent qualifications. The news media report that there are not enough jobs to go around in the economy. C. A college instructor’s contract is not renewed because more people are taking online classes and the college does not need as many classroom instructors. D. A worker on the assembly line at Ford is laid off due to a drop in car sales brought on by a weak economy. E. A friend wins the lottery and quits working. He says he will never work again. F. A friend is taking a trip around the world while she waits for another job offer. She has been offered six jobs but has not accepted any of them.
Business
1 answer:
ladessa [460]3 years ago
8 0

Answer:

Which of the following situations would be considered cyclical unemployment?

B-D

Explanation:

D. A worker on the assembly line at Ford is laid off due to a drop in car sales brought on by a weak economy.

B. A recent college graduate cannot find a job anywhere, despite excellent qualifications. The news media report that there are not enough jobs to go around in the economy.

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What is the expected value when a $1 lottery ticket is bought in which the purchaser wins exactly $10 million if the ticket cont
Nadusha1986 [10]

We expect to lose $0.37 per lottery ticket

<u>Explanation:</u>

six winning numbers from = { 1, 2, 3, ....., 50}

So, the probability of winning:

P(win) = \frac{ no of favorable outcomes}{no of possible outcomes}

P(win) = \frac{1}{^5^0C_6} \\\\P (win) = \frac{6! X (50 - 6)!}{50!} \\\\P(win) = \frac{6! X 44!}{50!} \\\\P(win) = \frac{1}{15,890,700}

The probability of losing would be:

P(loss) = 1 - P(win)

P(loss) = 1 - \frac{1}{15,890,700} \\\\P(loss) = \frac{15,890,699}{15,890,700}

According to the question,

When we win, then we gain $10 million and lose the cost of the lottery ticket.

So,

$10,000,000 - 1 = $9,999,999

When we lose, then we lose the cost of the lottery ticket = $1

The expected value is the sum of the product of each possibility x with its probability P(x):

E(x) = ∑ xP(x)

= 9,999,999 X \frac{1}{15,890,700}  + ( -1 ) X \frac{15,890,699}{15,890,700} \\\\=- \frac{5,890,700}{15,890,700} \\\\= - \frac{58,907}{158,907} \\\\= - 0.37

Thus, we expect to lose $0.37 per lottery ticket

7 0
3 years ago
An individual is attempting to determine if it is necessary to register as an investment advisor due to the nature of some of th
statuscvo [17]

Answer:

[D]

Explanation:

Based on the information provided within the question it can be said that the Clients being accredited or qualified would not affect registration requirements or exemptions. This is due to Investment Advisors Act of 1940 and Investment Advisor would have to register if they are giving advice about  securities, being compensation, and being the business of giving advice, regardless if the client are accredited or qualified.

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3 years ago
Select the correct answer. What does brand awareness of a product mean? A. the likelihood of a customer recognizing a brand amon
max2010maxim [7]
I believe the correct answer is D. Don’t hate me if I’m wrong
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3 years ago
1.Suppose a business experiences a sudden increase in its fixed costs. For example, suppose property taxes increase dramatically
jolli1 [7]
In this situation, the Average fixed cost wll be INCREASED.

AFC (average fixed cost) is calculated by adding up all total fixed cost within a certain period and divide it with the total years. If a business experienced an increased in any way to its fixed cost, the average will automatically increased.
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3 years ago
What is the difference between industrial and consumer goods?
lina2011 [118]
“Industrial goods are materials used in the production of other goods.” “Consumer goods are finished products that are sold to and used by consumers”

LINK TO WHERE I FOUND THAT INFO:
https://www.investopedia.com/ask/answers/050415/how-are-industrial-goods-different-consumer-goods.asp

Hope that helped have a great day! :)
4 0
3 years ago
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