Answer: D. the procyclical behavior of labor productivity occurs due to firms' labor hoarding practices.
Explanation:
Keynesian Economists argue that firms practice labor hoarding which is the practice of keeping workers when they should not such as when there is a Recession. They should not keep these workers because demand has slowed so keeping them means that they will not be producing to meet the demand.
The procyclical behavior of labor productivity means that labor productivity goes by the Business Cycle in that it is high when the Economy is booming and low when it is in a Recession.
Productivity is calculated by dividing goods produced by the number of labor producing them.
By refusing to fire workers during a Recession, there will be too many workers producing too few goods which will decrease labor productivity which is why according to Keynesian Economists, the productivity is low in Recessions.
Answer:
King = 29260
Boxer = 183740
Explanation:
The Distribution of Net income will be as follows.
Net Income $213000
<u>Less: Interest on Capital</u>
King 3000
Boxer <u>5550</u> (8550)
<u>Less: Salary</u>
Boxer <u>(125670)</u>
Residual Profit 78780
<u>Share of Profit</u>
King [78780 * 1/3] 26260
Boxer [78780 * 2/3] <u>52520</u>
<u />
King = 3000 + 26260 = 29260
Boxer = 5550 + 125670 + 52520 = 183740
Answer:
Relaxing or removing government regulations that restrict the activities of firms in some or all industries is called deregulation.- True
12 I think is the answer it has jus been answered in my test
Answer:
Equivalent Unit of Material = 120000 + (15000 × 40%)
Equivalent Unit of Material = 126000 units
Cost per Equivalent Unit of Material = (22400 + 229600) / 126000
Cost per Equivalent Unit of Material = 2 per unit
Equivalent Unit of Conversion Cost = 120000 + (15000 × 10%)
Equivalent Unit of Conversion Cost = 121500 units
Cost per Equivalent Unit of Conversion = (6250 + 540500) / 121500
Cost per Equivalent Unit of Conversion = 4.50 per unit
So answer is $2.00; $4.50
