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3 years ago

Is unemployment always bad for an economy?

1 answer:

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When unemployment touched 10% at its height. Low unemployment is often regarded as a positive sign for the economy. Too low a rate of unemployment, however, can actually have negative consequences such as inflation and reduced productivity.

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Microeconomics Which of the following statements is true? a. Students majoring in economics earned more than students majoring i

Kaylis [27]

Answer: c. The median pay of economics majors increased more in dollar terms than any other majors in 2015.

Explanation:

According to research by several job websites, Economics majors saw their wages increase more than other majors in terms of dollar terms in 2015.

This has been attributed to the Economics field needing more specialization as most entry level economics jobs require at least a masters in the field. While there does not seem to be any reason for this, it is theorized that the need for Economists has been on the rise as economies become more uncertain.

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3 years ago

Acton Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its m

algol [13]

Answer:

option (b) $69,768

Explanation:

Data provided in question:

Estimated manufacturing overhead = $73,440

Estimated machine-hours = 1,800

Actual manufacturing overhead = $68,700

Actual machine-hours = 1,710

now,

The predetermined overhead rate = $\frac{\textup{Estimated manufacturing overhead}}{\textup{Estimated machine-hours}}$

The predetermined overhead rate = $\frac{\textup{73,440}}{\textup{1,800}}$

The predetermined overhead rate = $40.8 per hour

Therefore,

The applied manufacturing overhead for the year

= Actual machine-hours × predetermined overhead rate

= 1,710 × $40.8

= $69,768

Hence,

the correct answer is option (b) $69,768

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4 years ago

One way to obtain the economically efficient amount of college education is for governments to subsidize college education. What

Karolina [17]

Answer:

The remaining part of the question is given below:

(Note that the subsidy can be granted to the education institutions or to the students directly or indirectly; for example, through low- interest student loans.)

a. P2-P0

b. P2-P1

c. P0-P1

d. P1

<u>Correct Answer:</u>

b. P2-P1

Explanation:

A pigouvian subsidy is a subsidy that is used to encourage behaviour that have positive effects on others who are not involved or society at large. <em>Behaviors or actions that are a benefit to others who are not involved in the transaction are called positive externalities.</em>

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3 years ago

Miller Company’s contribution format income statement for the most recent month is shown below: Total Per Unit Sales (37,000 uni

inn [45]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Total Per Unit Sales (37,000 units at $6) $ 222,000

Variable expenses 111,000 ($3.00)

Contribution margin 111,000 ($ 3.00)

Fixed expenses 41,000

Net operating income $ 70,000

1) sales increase by 12%

Income= contribution margin* 1.12 - fixed expenses= 111,000*1.12 - 41,000= 83,320

2) selling price decreases by $1.30 per unit and the number of units sold increased by 19%.

Income= (37000*1.19)*(4.7-3) - 41,000= 33,851

3) the selling price increases by $1.30 per unit, fixed expenses increase by $6,000, and the number of units sold decreased by 7%

Income= (37000*0.93)*(7.30-3) - 47000= $100,963

4) the selling price per unit increases by 20%, variable expenses increase by 20 cents per unit, and the number of units sold decreased by 13%

Income= (37000*0.87)*(7.2-3.2) - 41000= $87,760

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3 years ago

Aaron has entered into a contract with wilson

swat32

Yes very true !!!!!!

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3 years ago

Is unemployment always bad for an economy? ​

Is unemployment always bad for an economy?