Answer:
The answer is: C) increase both labor and multifactor productivity
Explanation:
An increase in labor productivity happens when an employee can produce a larger number of units using the same amount of time. Labor productivity is part of the total factor productivity (TFP) or the multifactor productivity (MFP). So when the total labor productivity increases, so will the multifactor productivity.
Usually when one type of productivity increases, e.g. labor productivity, other factors of production will also increase their productivity, e.g. capital productivity will increase also. For example, if the worker is trained better, he will produce 2 more units using the same machinery, so because the labor productivity increased, the capital productivity also increased, i.e. the same machine can now produce two more units. That is why productivity is measured as multifactor productivity (or total factor productivity).
Answer:
depreciation expense 2017 = $180,000
depreciation expense 2018 = $144,000
depreciation expense 2019 = $115,200
Explanation:
purchase cost $900,000
estimated useful life 10 years
depreciation expense using double declining method = 2 x regular straight method depreciation rate x purchase cost
depreciation expense 2017 = 2 x 1/10 x $900,000 = $180,000
depreciation expense 2018 = 2 x 1/10 x $720,000 = $144,000
depreciation expense 2019 = 2 x 1/10 x $576,000 = $115,200
When a consumer has to decide between buying a new smartphone or renting a new car, the determination of opportunity costs is difficult, as both the expenses have different utilities.
<h3>What is opportunity cost?</h3>
The cost, which is undergone in order to let go of an alternative divestment of such cost, is known as an opportunity cost. An opportunity costs may be backed by emotions and other external factors.
Hence, the significance of opportunity costs is given above.
Learn more about opportunity cost here:
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Answer:
Wallach describes three ways of thinking :
- T<u>ransgenerational thinking</u>: It helps us to think about our problems and the ways in which you can resolve them ,and what will be the future consequence of your thinking.
- <u>Futures thinking:</u> Wallach advocated the fact that we should just not think about the future in one single perspective rather we should open our mind about various future perspectives.
- <u>Telos thinking:</u>The word Telos comes from a greek word which means :Ultimate aim".One should think that what will happen next once a particular problem is solved
Wallach relate the future to a part of speech establishing a link between Thomas Khun quote: “People don’t shift unless they have a vision of what it is they’re shifting to.” and Martin Luther King Speech of "I Have a Dream" he says that that speech is successful as it shows what his dream and what will come after the dream is accomplished
The correct answer to this question is this one: "D. The federal government did not levy any taxes on the TVA." The reason why the electricity generated by the TVA cheaper than that generated by private power companies is because the federal government did not levy any taxes on the TVA.
