Answer:
If we find out that technology has shifted the labor demand to the left, this is a disadvantage to labor.
Explanation:
To begin with, It's important to properly understand the concept of Marginal Product of Labour.
In simple terms, marginal product of labor is basically the change in unit output occasioned by a unit change in labor. There are a number of factors that may cause a marginal change in labor. Suffix to say, marginal change can either be to the right or to the left.
To narrow it down, we have technology to consider as one of the factors that ensue marginal change. Even more, this change can either be to the right or left. That is, an increase in technology might result to an increase in unit labour - this is to the right. And this is beneficial or advantageous to labor. In same vein, a increase in technology might result to a decrease in unit labour - this is to the left. And this is disadvantageous to labor.
It's on established record that introduction of new technologies, procedures and processes often have a direct effect on an individual employee. This altogether affects the marginal product in labour.
Hence, when technology brings changes to the left, this is a disadvantage to labour, as there is possibly a downsizing or reduction in labor strengths occasioned by the new technologies.
Answer: $43.32
Explanation:
The Intrinsic value of Home Depot Stock will be the present value of all the future cashflows from the stock.
Discounting with a rate of 18%, the intrinsic value is;
= 1.31/ ( 1 + 18%) + 1.58 / ( 1 + 18%)² + 1.54/ ( 1 + 18%)³ + 1.56 ( 1 + 18%) ⁴ + 76.25 / ( 1 + 18%) ⁴
= 1.11 + 1.1347 + 0.937 + 0.8046 + 39.3289
= 43.3152
= $43.32
Answer: True
Explanation:
Economics is the study of how decisions are made by humans when they're faced with scarcity of resources. It is concerned with how the resources that are in the economy will be efficiently used.
Therefore, the statement that "Economics is the social science concerned with the efficient use of scarce resources to achieve the maximum satisfaction of economic wants" is true
Explanation:
Grameen bank is one of the pioneers in the world of Micro Finance Institutes, which not only provides the poor with access to financial capital but also helps them build a better business which allows them to escape from the poverty cycle. This lead to an overall upward economic movement in the society, improving the economic condition of a country as a whole. Through these micro finance loans, a number of SMEs (Small and Medium Enterprises) emerges which further provide employment opportunities to other people thus starting a virtuous cycle of economic growth.
As the economic condition of the poor becomes better, these poor people inturn becomes customer for these business for other products thus being a huge source of profit.
Answer:
$144,000
Explanation:
Calculation to determine net amount paid, assuming FAB wishes to minimize its cost
Net amount: ($.71 + $.01) x 200,000
Net amount = $144,000.
Therefore net amount paid, assuming FAB wishes to minimize its cost is $144000
