Answer:
A. Multifactor productivity
Original Value of output 2500 un. x $200/un. = $500,000 Value of input 2500 un x $120/un. = $300,000 Multi-factor productivity $500,000/$300,000 = 1.67 Overtime Value of output 4000 un. x $200/un. = $800,000 Value of input 4000 un. x $144/un. = $576,000 Multi-factor productivity $800,000/$576,000 = 1.39 Multi-factor productivity (1.67 – 1.39) / 1.67 = 16.8% decrease
B. LABOR PRODUCTIVITY
Original Value of output 2500 un. x $200/un. = $500,000 Input = (100 people x 40 hr/person) = 4000 hours Labor productivity $500,000/4000 hr = $125/hr Overtime Value of output 4000 un. x $200/un. = $800,000 Input = (100 people x 72 hr/person) = 7200 hours Labor productivity $800,000/7200 hr = $111/hr Labor productivity ($125/hr – $111/hr) / $125/hr = 11.1% decrease
C.GROSS PROFITS
Original $500,000 - $300,000 = $200,000 Overtime $800,000 - $576,000 = $224,000
$24,000 increase
Answer:
The appropriate solution will be the "establishment" stage.
Explanation:
- The establishment stage throughout professional advancement or career progress is the time where someone who starts to pursue jobs and receives one's first assignment.
- Thus, during that point, the candidate goes through all the induction process, the acknowledgment of a position as well as the accommodation of the particular organization.
So that Sarah's profession has been at the level of the establishment.
Answer:
Answer for the question:
Assume that the hypothetical economy of Molpol has 8 workers in year 1, each working 1,200 hours per year (40 weeks at 30 hours per week). The total input of labor is 9,600 hours. Productivity (average real output per hour of work) is $10 per worker
Instructions: In parts a and b, round your answers to the nearest whole number. In part c, round your answer to 2 decimal places.
a. What is real GDP in Molpol? Suppose work hours rise by 2 percent to 9,792 hours per year and labor productivity rises by 5 percent to $10.5
b. In year 2, what will be Molpol's real GDP?
c. Between year 1 and year 2, what will be Molpol's rate of economic growth? percent
Is given in the attachment.
Explanation:
Gaining a profit from sold goods is helpful because the use of scarce resources is optimized. It also provide jobs. The bad side of being in a profit motive business is that some may be tempted to deal with customers . I think that a profit motive business is a good thing.
These are worth careful scrutiny by the managers of all companies because when a company's costs for one or more of the cost benchmarks are deemed "out-of-line," managers need to initiate corrective actions in the next decision round. only have value to the managers of companies whose costs are below the industry averages.
<h3>What do you mean by industry?</h3>
An industry is a group of companies that are related based on their primary business activities.
In modern economies, there are dozens of industry classifications. Industry classifications are typically grouped into larger categories called sectors.
<h3>What are the 4 types of industry?</h3>
There are four types of industry, namely primary, secondary, tertiary and quaternary.
Primary industries involve the activities related to extraction and processing of natural resources, such as agriculture, mining, fishing, etc.
Learn more about industries here:
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