Answer:
Role Example
Explanation:
Three types of economic<em> roles</em> are <em>consumers, producers, and workers.</em>
The role of the <em>consumer</em> is to buy the goods and services. The sum of the consumptions of a good or a services constitute the demand of the product. Thus, the consumer purchases and use the products, which is a car owner does.
The role of the <em>producer </em>is to produce the good and services. The sum of the quantities produced of a good or service by the different producer of a same product constitute the supply of the product. Thus, the producer posseses the assets to make the products available, which is what a factory owner represents.
The <em>worker</em> puts the labor. The workers are an essential part of an economy too, such as the consumers and the producers, because they make the goods or service by their own work. The auto mechanic, who works fixing cars, is an example of a person playing the role of worker.
Answer:
Adjusted cost of goods sold $ 375,000
Explanation:
Under-absorbed overhead = Actual overhead - Absorbed overhead
= 118,400- 112,000 = 6,400
Under-absorbed overhead= 6,400
Data:
Opening inventory 79,000
cost of goods sold 361,600
under absorbed overhead 6,400
closing inventory 72,000
The income statement would as follows:
$
Opening inventory 79,000
Add cost of goods sold 361,600
Add under absorbed overhead 6,400
less closing inventory <u> (72,000) </u>
Adjusted cost of goods <u>375,000
</u>
Note the under absorbed overhead implies that the cost of manufactured reported before the adjustment for the under-absorbed overhead is under cost and charged. To correct this the under absorbed overheard figure is added back.
Population - 50,000Employed - 46,000Students not looking for work - 2,000
To calculate Boone's unemployment rate you'll use the formula: Unemployment rate = number of people unemployed / labor force
Those that fall into the unemployment category are those that are not working but are actively looking/wanting to work. Students, stay-at-home moms etc that are not wanting to work, though unemployed, to not fall into this category.
The labor force is made up of everyone willing and able to work.
First, let's subtract the students who are not looking for work from the population so get the labor force. 50,000 - 2,000 = 48,000 (labor force)
Next, to get the number of people unemployed let us subtract the labor force of 48,000 by those already employed of 46,000. 48,000 - 46,000 = 2,000
Finally, we are able to calculate the unemployment rate of Boone. Unemployment rate = number of people unemployed / labor forceUnemployment rate = 2,000/48,000= .042 multiply by 100 to get the percentage. 4.2%Unemployment rate of Boone is 4.2%
Answer:
B. A decrease in the price of substitutes.
Explanation:
When there is a Decrease in the price of Substitute goods to jogging shoes then more people will demand more of those substitutes.
Because those other goods are Substitutes, an increase in their demand reduces the demand for Jogging shoes because goods that are substitutes are not usually bought at the same time.but rather to replace the other. When more of the jogging shoe substitute are bought, less Jogging shoes will be demanded.
How many hours in a year? 8,760.
<span>The business would be making about $5,707,762.5 per hour.</span>