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aleksklad [387]
3 years ago
6

In an economy with a population of 100 million persons, 40 million hold civilian jobs and 9 million are not working but are look

ing for a job. The number of persons in the civilian labor force is_____________.
Business
1 answer:
worty [1.4K]3 years ago
8 0

Answer:

49 million

Explanation:

Data given in the question

Population = 100 million persons

Civilian jobs = 40 million

Not working but looking for a job =  9 million

So the number of persons in the civilian labor force is

= Civilian jobs + not working but looking for a job

= 40 million + 9 million

= 49 million

The civilian labor force includes both the employed as well as unemployed person

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rusak2 [61]

Answer:

$49,084.51

Explanation:

days of sales outstanding (DSO) = accounts receivable / average daily sales

71 days = $205,000 / (total sales / 365 days)

total sales / 365 days = $205,000 / 71 days

total sales = ($205,000 / 71 days) x 365 days = $1,053,873.24

after the change, annual sales will decrease by 15%:

$1,053,873.24 x (1 - 15%) = $895,792.25

average sales per day = $895,792.25 / 365 = $2,454.23 per day

new DSO = accounts receivable / average sales per day

20 days = accounts receivable / $2,454.23 per day

accounts receivable = $2,454.23 per day x 20 days = $49,084.51

8 0
3 years ago
Suppose that during the past year, the price of a laptop computer rose from $2,750 to $2,880. During the same time period, consu
icang [17]

Answer: Elasticity of demand is 7.06

Explanation:

P1= $2,750

P2=$2,880

Q1=446,000

Q2=321,000

Elasticity = \frac{Q2 - Q1}{\frac{Q1 + Q2}{2} } * \frac{\frac{P1 + P2}{2} }{P2 - P1}

Elasticity = \frac{321,000 - 446,000}{\frac{446,000 + 321,000}{2} } * \frac{\frac{2750 + 2880}{2} }{2880 - 2750}

Elasticity = \frac{-125,000}{383,500} * \frac{2815}{130}

Elasticity = - 0.3259*21.6598

Elasticity = -0.76

Thus, elasticity of demand for laptops is 7.06. This means that laptops are highly price elastic as it is greater than 1.



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4 years ago
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3 years ago
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<h3>What distinguishes service work from manufacturing labor?</h3>

A service economy is built on knowledge-intensive industries and services in economic production, well-educated employees in the occupational market, and innovative enterprises in business. A manufacturing economy is driven by the mass production of products.

<h3>What are the names of networks of businesses that produce product designers, engineers, manufacturing firms, distribution channels, and consumer outlets?</h3>

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1 year ago
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kicyunya [14]

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