Answer:
The correct answer is when income is exchanged for goods or services.
Explanation:
When we earn income, a portion of it goes to savings, and the balance income is called the disposable income. This disposable income can be used in various ways. You can invest it in income generating assets such as stocks, real estate, or you can exchange that for goods and services which is called the consumption.
Generally, the rate of consumption grows when the income grows.
Answer:
Boston
Explanation:
Based on the information provided within the question it can be said that A similar concentration has appeared around the city of Boston in the eastern United States of America. Similar to how "Silicon Valley" started, Boston has seen a drastic increase in Startup companies setting up shop in their city. This large amount of startups has attracted a lot of tech savy individuals to Boston and has created a similar environment to Silicon Valley.
Answer:
In equilibrium, each worker is paid his or her value of the marginal product of labor.
Explanation:
Here are the missing option of the question:
- In equilibrium, each worker is paid his or her value of the marginal product of labor.
- Each worker is paid a wage equal to the highest value of the marginal product of labor(i.e., $40)
- Each worker is paid $15.
- We need to know the product price before we can figure out the wage rate.
As per marginal theory of productivity of income distribution, Income of each factor production is equal to its marginal productivity.
Marginal productivity is one additional unit of production by one unit additional unit of factor, which bring changes in total production. Firm hire labor till marginal revenue product of labor is more than wage rate of labor. The point at which Marginal revenue product of labor is equal to wage rate labor is the labor market equilibrium.
The given statement " In the enumeration method the project schedule is calculated many times (perhaps 1,000 or more), and each time, the estimate for a particular activity is generated based on the likelihood of that time as determined by the project manager " is FALSE
Explanation:
Enumeration methods are used for solving combinational problems of optimisation. Combinatory optimization issues are difficulties where choices are binary, in which an object is selected or is not selected
(e.g. line, edge, node).
Basic schedule management strategies include starting and finishing dates for work in a project. Here the shadow bars stretch from the critical path-determined beginning date.
The Enumeration system includes census administration, handling money, computer awareness, Web surveying, information on housing records, post-enumeration analysis and web-based input and distribution of field information.
The obligation of the seller of the receivables to pay the purchaser in case the debtor fails to pay.
