Answer:
Created, since the dislocated labor and resources are absorbed by new firms created through the technological innovation, moving them to higher value use.
Explanation:
Technological advancement results in more efficient processes that requires a unique expertise along with higher compensation.
In this scenario labour is disengaged from closed businesses and some were laid off.
These disengaged workers will eventually develop skills that will give them employment in the technologically advanced companies.
Since wages are higher in these companies, there will be an increase in the wealth of workers.
For example a factory worker in production line is paid less than a software engineer. This is because the work of a software engineer is more specialised and therefore higher paying.
Correct Question: Republican influence in big business and their party’s domination of government resulted in a close relationship between big business and the Republican Party. True or False.
Answer:
False
Explanation:
That the Republican party was dominant in government and had influence in big businesses, this did not bring about closeness between the party and big businesses but rather brought about more business backing but without closeness.
i hope this helps.
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Production of 12-ounce cans has a standard unit quantity of 4.4 ounces of aluminum per can. During April, 304,000 cans were produced using 1,243,000 ounces of aluminum. The actual cost of aluminum was $0.17 per ounce and the standard price was $0.07 per ounce.
Direct material price variance= (standard price - actual price)*actual quantity
Direct material price variance= ( 0.07 - 0.17)*1,243,000= $124,300 unfavorable
Direct material quantity variance= (standard quantity - actual quantity)*standard price
Direct material quantity variance= (1,337,600 - 1,243,000)*0.07= $6,622 favorable
Answer:
I use coffee daily. The supply for the coffee I bought (Colombian Coffee) is few then the price is expensive. As the price is expensive I can only buy 2 pounds of this item per month. My demand is affected for the price that producers set to this coffee. I would like to buy more but then the supply of this product is limited therefore the prices will always be high.
