Answer:
Edison cannot change the number of ovens he uses because it is fixed resources.
Explanation:
However, Edison's decision regarding how many workers to use can vary from week to week.
Each Monday, Edison lets them know how many workers he needs for each day of the week.
In the short run, these workers are variable resources, and the ovens are fixed resources.
Worker's Compensation, because the injury occurred by an employee in the course of performing their job.
<span>A free market exists when the government
places few restrictions on how a good or a service can be produced or sold or
on how a factor of production can be employed. A free market is an economic
system where prices are decided on if there is unrestricted competition between
privately owned businesses. Supply and demand are the main factors in a free
market and there is little to no government control. </span>
Answer:
Deposited amount will decrease by 1% and $2,000
Explanation:
Inflation rate will effect the value of money due to decrease in purchasing power of the currency holder.
We will use following formula to calculate the impact
Nominal rate = Real interest rate + Inflation rate
5% = Real interest rate + 6%
Real interest rate = 5% - 6% = -1%
The deposited amount will be decreased by 1%.
Deposit value = $200,000 x ( 1 - 1% ) = $198,000
Decrease in value = $200,000 - $198,000 = $2,000
