Answer:
The answer is option B) Frictional unemployment is inevitable because the economy needs to be lubricated.
Explanation:
Frictional unemployment is different from others in happens as a result of employees seeking out better opportunities. They could leave voluntarily or be fired from their current jobs but its is for a greater good- which is a quest for better economic opportunity.
Frictional unemployment occurs when there is a mismatch between job seekers and available jobs in the market.
It also happens due to the natural career progression for an employed staff seeking to transition to a new job, industry, or role.
Frictional unemployment is like a lubricant in the economy because an increase in frictional unemployment means more workers are moving toward better positions.
Answer:
$4,480
Explanation:
The total amount to be recorded as expense would include the cost of the item purchased an the values of the applicable taxes.
As such, the advertising expense would include the value of the goods and services tax as well as the provincial sales tax with both tax rates applied to the applicable cost.
Goods and services tax = 5% × $4,000
= $200
Provincial sales tax = 7% × $4,000
= $280
Total debit to advertising expense
= $4,000 + $200 + $280
= $4,480
Answer: Low risk taking culture
Explanation:
Organisational culture includes the behaviour, beliefs, value and principles in which an organisation operates on. It's entails the way business are done, decisions are made etc.
Low risk taking is an organisation culture aimed at minimising risks. Recommendations and Decisions are based on facts and genuine data not on abstract and unreal thoughts with decisions fully documented.
Answer:
marginal cost is 15 cents
Explanation:
given data
car rent = $29.95
distance d1 = 150 miles
cost = 15 cents per miles
distance d2 = 200 miles
to find out
marginal cost
solution
first we find here cost for driving d2
cost for 150 to 200 miles = 15 × 50
cost for 150 to 200 miles = 750 cents = $7.5
so
cost for driving d2 = $7.5 + $29.95
cost for driving d2 = $37.45
so
marginal cost will be
marginal cost = change in cost / chance in distance
marginal cost = 37.45 - 39.95 / ( 200-150)
marginal cost = 7.5 / 50 = 0.15
marginal cost is 15 cents
Answer:
12
Explanation:
Calculation to determine the marginal product of adding the 4th worker
Using this formula
MP=ΔTPΔL
Let plug in the formula
ΔTP=57−45
ΔTP=12
Therefore The marginal product of adding the 4th worker is 12 sandwiches.
