This implies that the work would take longer as well, making the product cost more
Macroeconomics deals with the short-run variations in economic growth that make up the business cycle
This is further explained below.
<h3>What is
Macroeconomics?</h3>
Generally, The study of an economy's performance overall, structure, behavior, and judgment is the domain of macroeconomics, a subfield within the discipline of economics.
The increase of economic activity is followed by periods of contraction, which together make up a business cycle.
These shifts have repercussions not just for the well-being of the general population but also for the operations of private organizations.
Business cycles are a sort of variation that may be observed in the overall economic activity of a country.
A business cycle is a cycle that consists of expansions happening at about the same time in numerous economic activities, followed by contractions that are equally widespread in nature.
In conclusion, The business cycle is the primary focus of macroeconomics, which analyzes the short-term fluctuations in economic growth that occur throughout it.
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Answer: Redundancy
Explanation:
The data redundancy is one of the type of condition in the database where we can easily store our data or information in more than two different places in the computer system memory. It is basically helps in correcting and also detecting the different types of errors in the stored data.
According to the given question, the school is basically keeping the two different list but the address and the name of the student information are similar and this is refers as data redundancy.
Therefore, Redundancy us the correct answer.
Considering the situation described in the question, if the allegations were accurate, the rating error the staff identified is known as the "Similarity Bias" error.
- This is because the Similarity Bias is a type of rating error where the rater rates a person or candidate higher than he deserves because they shared or have some similarities like having played for the same football team or attended the same school.
- There are other types of rating bias that do not apply to this situation.
- These include Halo bias and Leniency bias.
Hence in this case the correct answer is "Similarity Bias"
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Answer:
L = 2084.75 W^-0.3
Explanation:
The computation of the demand of the labor is shown below:
At the optimum input
As we know that
MRTS = MPL ÷ MPK = w ÷ r
0.7(K ÷ L)^0.3 ÷ 0.3(L ÷ K)^0.7 = w ÷ 50
7K ÷ 3L = w ÷ 50
K = (3 ÷ 350)wL
Now apply the production function
Q = K^0.3L^0.7
500 = ((3 ÷ 350)wL)^0.3 L^0.7
500 = (3 ÷ 350)^0.3 × w^0.3 × L
L = 2084.75 × w^-0.3.
