The type of employment described above is FRICTIONAL UNEMPLOYMENT. Frictional unemployment is said to occur in an economy when the people move from one job to another. Frictional unemployment is always present in an economy because of temporary changes made by both workers and employers.
The law for making improvements in the streets where the local government hires a contractor and each of the owners pays the cost of improvement in proportionate share is called the Street Improvement Act.
<h3>What is meant by streets?</h3>
Streets are the local surroundings of the state in which the people are living and are managed by the municipal government.
- The Street Improvement Act was passed in the year 1911 which concerns making improvements in the streets by the local government.
- A contractor is being hired by the government for this in which the cost of the improvement is paid by the owners.
- The cost can be paid by the owners either within the time span of thirty days or if not paid by them, then the bonds have been sold by the government to reimburse the contractor.
Therefore, the provided law relates to the act passed in the year 1911 being called The Street Improvement Act.
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Answer:
Data mining
Explanation:
Data mining is the process in which we can extract the raw data into useful data that would become beneficial for the company.
Large data is available and if we take the data i.e important or useful so this process we called data mining
In the given situation, it is discovered that when the consumers purchased a sandwich so many customers purchased toothpaste along with it. And for extracting the hiding information from its MIS the store used the data mining technique.
Answer:
$75
Explanation:
A perfect competition is characterised by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
The price per unit = $300 / 60 = $5
The marginal revenue for one unit is $5
Production increased by 15 units, so marginal revenue increased by $5 × 15 = $75
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Answer:
The type of responsibility center ABC software company can use to evaluate its regions and stores is called Investment Center.
Explanation:
An investment center is a responsibility center that handles, revenues, expenses as well as investment base.
This kind of responsibility center is appropriate for large companies like ABC software.
It is designed to cater for the different regions and stores as well as the product specifications and managerial responsibilities.
It is applicable for companies with regional mangers and store managers that take decisions on which stores to open, marketing plan, advertising, sales, accounting and financial decisions.