Answer: B. The firm hires 45 workers and earns a $1200.00 Economic Profit
Explanation:
According to the table, when the Market Equilibrium Wage Rate is $105, the number of workers to hire would be 45 and the revenue would be $7,425.
If 45 workers are hired, they would cost:
= 45 * 105 per worker
= $4,725
Added to the fixed cost, the total cost would be:
= 4,725 + 1,500
= $6,225
The profit would be:
= Revenue - cost
= 7,425 - 6,225
= $1,200
Answer:
D) Higher taxes
Explanation:
By increasing the taxes and reducing the spending it will reduce the demand in the economy (the goverment spending will be lower wehile the indivbiduals will have less disposable income as taxes increase)
If the economy was healty enought will lead to economic growth and reduce inflationary pressures.
If the country face a high inflation and negative growth, would end up with lower income and higher unemployment. Thus damaging to the economy without solving the inflation problem.
Answer:
Database
Explanation:
If we want to manage the information for more than one thing then the database is used. As it is a collection of the data which stores all the important and valuable information of the business organization.
The data is stored electronically if you want to edit, update or access then you can easily do it.
The examples are - Microsoft Access, Oracle, etc
So, the database can store much information as per your wants
Answer: Option D is unemployed.
Explanation:
Option A is currently fully occupied with his education.
Option B, Janice is still in college and not fully into the labor market.
Option C, is a high school student, just looking for a part time job, not really unemployed.
Option D, is not really engaged in any job or education, so currently unemployed.
Answer: $3.10
Explanation:
The actual price per pound of direct materials purchased in June will be calculated as follows:
Let the actual price be represented by x.
Material price variance is calculated as:
= (standard price-actual price) × actual quantity
-2000 = (3 × 20000) - 20000x
-2000 = 60000 - 20000x
20000x = 60000 + 2000
20000x = 62000
x = 62000/20000
x = 3.1
Therefore, the actual price per pound of direct material bought in June is $3.10
