Digital Technology and AI boom has completely transformed the job market and its effects have by now stabilized.
Explanation:
Manual jobs in general are declining as automate work becomes more affordable. This means that working in factories and day to day menial labor goes less in demand.
<u>Jobs in the AI, robotics and engineering sectors have been on a boom but as AI progresses and more and more information goes digital, Linguistics has also come into play with programming.</u>
These jobs are only going to be more in demand as the time goes on.
Great question!
Fiat money deries it's value from law or regulation. However representative money derives its value either from a claim on a commodity (gold for example).
However sometimes representative money means it has value higher than what it is made of, ie if you melt it down it is worth less than before it is melted down. In this sense fiat money is a type of representative money
Answer: $400.56
Explanation:
Horizon value = Tax shield in 3rd year * (1 + growth rate) / (Required return - Growth rate)
Tax shield in year 3 = Interest expense * tax rate
= 140 * 25%
= $35
Horizon value = 35 * ( 1 + 3%) / (12% - 3%)
= $400.56
Answer:
Mike must not only consider his accounting costs, but also his implicit costs. Mike's implicit costs (or opportunity costs) should include the $1,500 in interest that he could earn by ending the money to his friend Bob and the amount of money he could earn by working somewhere else.
Answer:
For Bagels = 1.33
For Donuts = -1.33
Explanation:
Using the midpoint method, Alex's percentage change in income is given by the difference in income divided by the average income:
Alex's percentage change in demand for both bagels and donuts is given by the difference in the quantity consumed divided by the average consumption:
Alex's income elasticity of demand for bagels and donuts, respectively, is:
His income elasticity of demand for bagels is 1.33, while for Donuts it is -1.33.
