A producer is someone who m<span>akes a commodity available for sale or exchange.</span>
<span>First and foremost, it should be understood that Okun's Law is an empirical observation. The law is founded in a perceived relationship between gdp and unemployment. In this sense, Okun's Law is an approximation and not rightly a Law derived from theory.
There is some debate as to how much of a decrease in gdp actually occurs from an increase in unemployment, but two leading figures have offered estimations. Martin Prachowny gives the ratio 3:1, such that for every 1% increase in unemployment, a country's gdp drops by 3%. Ben Bernake more recently has offered a revised estimation, placing it closer to 2:1.
Therefore, to find the inverse, a country's GDP would have to grow by 2-3% in order to reduce unemployment by 1%.</span>
Answer:
the first part of the question is missing, so I looked for a similar one (see attached image):
the cost of hiring a moving crew for 8 hours = $250 per hour x 8 hours = $2,000
the competing company offered you a deal worth $1,200
since you expect to use the moving crew during the whole 8 hours, you will gain = $2,000 - $1,200 = $800 in consumer surplus
Consumer surplus is the difference between what a consumer (in this case you) are willing to pay for a good or service and the actual price of the good or service. Consumer should be willing to consumer a good or service as long as the consumer surplus is ≥ 0.
Answer: 320 units
Explanation:
The equivalent units of production for transferred in units in the Filtering Department in August under the first-in, first-out (FIFO) method goes thus:
Total units completed= 160 units + 290 units = 450 units
Beginning WIP = 160 units
Ending WIP = 30 units
Equivalent units of production:
= 450 + 30 - 160
= 480 - 160
= 320 units
Answer:
Is it unethical to produce a consulting report that steers a client toward a specific outcome?
Yes.
Would she be ethically sound to urge reconsideration of such a decision? Yes.
Explanation:
Producing a biased consulting report aimed to drive the client to a specific decision is definitely unethical, even if this action is aimed to make sure they get the best option for their security needs.
The ethical course of action would be to provide an honest report and to ask for the client´s reconsideration in case the client prioritizes cost reduction over the project’s security.
