Answer:
human capital
Explanation:
Human capital is the economic value brought by workers' experience and skills. It is the attributes, abilities, and quality of labor to influence a firm's productivity. Human capital is enhanced through education, training, and work experiences.
Human capital is an intangible asset to a business. Human capital is a critical element if a business is to achieve its goals. Due to this reason, companies are always investing in improving the quality of their human capital.
Answer:
The most applicable answer from my point is in such a scenario, producers overproduce the product because of a supply-side market failure.
Explanation:
So what is market failure? Simple, Market failure occurs when a market is unable to effectively and efficiently manage its resources because of the breakdown of price mechanisms functions which rare caused by negative and sometimes positive externalities.
In here, Supply side market failure occurs when the producers don't have to pay the full cost of their output. That is the actual cost of production is greater that the recorded cost.
In Market failure, the supply and demand of the market do not meet the equilibrium price and quantity and eventually leads to the loss of social welfare and ineffective economic decision making.
Imperfect information in the market and the increase of power in the sellers side could lead to supply side market failure.
Answer is true. Multinational companies engage in FDI in other countries.
The idea of international trade is one of the factors that binds the world together. Trade between nations fosters peace and brings about, wealth creation, Cultural diffusion and inclusiveness.
<h3>What is International trade?</h3>
International trade refers to the exchange of goods, services and other commodities between countries of the world.
International trade is possible because, goods and services produced in one country is needed by citizens of other countries.
The idea of international trade is beneficial to both countries involved in such trade. It creates a long supply chain starting from manufacturers, logistics, middle men, and local traders.
This supply chain created benefits both the sellers and the buyers and this creates employment opportunities in both countries.
It is important to note that not everyone within a country may benefit directly from international trade, however, it can be said that everyone will benefit indirectly because the proceeds from such trade affects the GDP of both countries and this brings about prosperity especially when trade is not one sided.
Learn more about International trade at brainly.com/question/15115779
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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
