Answer:
The nominal wage in 2003 = $15.22
The nominal wage in 2004 = $15.565
Explanation:
Inflation = [ ( CPI of 2003 - CPI of base year ) ÷ CPI of Base year ] × 100
= [ ( 184 - 100 ) ÷ 100 ] × 100
= 84%
Therefore,
The wage will increase by this inflation to be nominal
= 8.28 × (1.84)
= $15.23
Similarly
Inflation = [ ( CPI of 2004 - CPI of base year ) ÷ CPI of Base year ] × 100
= [ ( 188.9 - 100 ) ÷ 100 ] × 100
= 88.9%
Therefore,
The wage will increase by this inflation to be nominal
= 8.24 × (1.889)
= $15.565
Hence,
The nominal wage in 2003 = $15.22
The nominal wage in 2004 = $15.565
Answer:
DIVISION OF LABOUR
Explanation:
Division of labour is : allocating different subparts of a task process to different people, to attain better efficiency. Better efficiency is attained by - labourers being specifically specialised in that subsection task, which increases their individual & hence organisation efficiency.
Elisa: opening her new business & assigning tasks to employees - is an example of the same.
All other options are inapt because: Management departmentalisation is dividing organisation into specialised niche departments. Mass production economies is cost reduction due to bulk quantity production. Specialisation of priorities is developing competitive advantage by research & innovation.
Answer:
Option C would be the correct answer.
Explanation:
In the given question, options are not mentioned. Please find the attachment of the complete query.
- IFRS sets universal guidelines because whatever income accounts across the global economy can indeed be appropriate, straightforward, as well as equivalent.
- Its purpose is to provide a spatial relationship because of how government entities compile certain financial reports as well as publish them.
Certain alternatives do not apply to the procedure outlined. But the option above would be correct.
Answer:
Let us assume that both the industries are having an investment of $100,000
The profit of the given industry which is having 10% rate of return will be $100,000 * 10% = $10,000
The other industry which is having the Rate of return of 5% will earn a profit of $100,000 * 5% = $5000.
As the capital is just half of the revenue, it signifies that the total revenue will be $200,000
. So the same value of $10,000 will be 5% of the total revenue. On the other hand, $5,000 would be 2.5% of total revenue.
Thus, the first stated industry will charge 2.5% more than the other industry.
Answer:
B) Fixed cost is the constant for a particular product and does not change as more items are made. Marginal cost is the rate of change of cost C(x) at the level of production x and is equal to the slope of the cost function at x.
Explanation:
Fixed costs do not change when the quantity of goods or services produced changes, that is why they are fixed (they do not move).
While marginal costs are the costs associated to producing one extra unit of output. They change as the total output changes.
Profit maximizing firms should increase their output level until the marginal cost equals the marginal revenue (revenue generated by selling one additional unit of output).
