Answer:
Unemployment Rate for March and April:
March unemployment rate = Unemployed/Labor Force x 100 = (102-94)/102 x 100 = 8/102 x 100 = 7.8%
April unemployment rate = (102 - 94)/102 x 100 = 8/102 x 100 = 7.8%
Explanation:
a) The unemployed equals the Labor Force minus the employed.
b) In April, the unemployed did not increase from 8 million to 9 million because of the discouraged workers. It remained the same figure as in March.
Discouraged workers are those who are unemployed but have stopped looking for employment after a long time of unemployment, but would have preferred to be working. Since they stopped actively job-hunting, they are regarded as discouraged workers. They still want to work, but are unable to find work and as a result, decide to stop looking.
Answer:
$47,800
Explanation:
net cash outflow for the new machine = Cost of new machine - salvage value of old machine + tax ( salvage value of old machine - book value of old machine)
$70,000 - $18,000 + 0.3($18,000 - $32,000)
$70,000 - $18,000 + (0.3 × $-14,000) = $47,800
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Answer:
The statement is: False.
Explanation:
There are four (4) types of economic utility: <em>form, time, place, </em>and <em>possession</em>. Form refers to how well a product accomplishes the satisfaction of a customer's needs which is not necessarily Pete's case. As he has access to the vending machine in his office building it will be fulfilling the place utility because it implies making products available where potential consumers might be.