Answer:
Correct option is A
“The flow of dollars between sellers of jewelry and clothing and buyers of jewelry and clothing” is the correct option
Explanation
It is a curve which shows various combination for the amount of two goods among which they can be produced with in the given available resources. Thus, it shows that the maximum amount of output is produced with the help of given resource.
Answer:
The correct answer is letter "C": equal to the natural rate of unemployment
.
Explanation:
Unemployment is the state in which an individual does not have a job but is actively looking for one. The Natural Rate of Unemployment or NRU represents the unemployment there is based on full-employment real output. <em>In case an economy is producing an efficient amount of output, meaning the economy is in expansion or "boom", the actual unemployment rate equals the NRU.</em>
Unemployment willl cause the production possibilities to shift inwards, so I the answer would be option A.
During massive unemployment period, production possibilities will heavily decrease due to the lower amount of capital and the lower amount of consumers for that potential product (which happen because the consumers lose a lot of its purchasing power). This situation will cause the curve to move inwards.
Complete Question
The complete question is shown on the first , second and third image
Answer:
The solution and the calculation is shown on the fourth image
Explanation:
Answer:
Budgeted direct labor cost for July = $4,278
Explanation:
Given:
Production in July = 230 units
Hours of direct labor = 1.5 hours per unit
Direct Labor rate = $12.40 per hour
Indirect labor rate = $19.40 per hour.
Find:
Budgeted direct labor cost for July
Computation:
Budgeted direct labor cost for July = (Production in July)(
Hours of direct labor)(
Direct Labor rate)
Budgeted direct labor cost for July = (230)(1.5)(12.4)
Budgeted direct labor cost for July = $4,278
