Answer:
Command
Explanation:
In the command economic model, the government determines the level of economic productions in the country. It decides what will be produced, its quantity, and the cost price. A central authority or the government owns all the factors of production.
The command economy is also the planned economy. The government plans and produces all goods and services. The private sector is not present in the command economy.
Answer:
<u>A</u>
<u>Explanation</u>:
In this scenario note that it resulted to total dollar cost of the minutes provided been greater than the budgeted cost of estimated minutes.
Key word there is that the cost incurred is now above the budget, <u>therefore it is very likely that the technicians were being less competent than anticipated at their level, leading to greater cost.</u>
Answer:
$70
Explanation:
Total revenue from three employees:
= No. of gallons of paint produced × Selling price per gallon
= 40 × $15
= $600
Total revenue from four employees:
= No. of gallons of paint produced × Selling price per gallon
= 48 × $15
= $720
Total revenue created by 4th worker:
= Total revenue from four employees - Total revenue from three employees
= $720 - $600
= $120
Cost of hiring 4th worker = $50 per day
Therefore,
Marginal profit for the fourth employee:
= Total revenue created by 4th worker - Cost of hiring 4th worker
= $120 - $50
= $70
Answer: The given statement is false.
Explanation:
Immigrants give a boost to the average wages of Americans by increasing the overall productivity and help in investment. Immigrant workers are more advanced in skill sets and knowledge which helps the native Americans to improve their productivity. This process has boosted the investment which in turn increased the demand for labor and increased the pressure on improving wages of labor.
One of the major reasons to keep at least $100 in your checking account is to actually cover for unexpected expenses, and also to avoid bank charges or fees for either an overdraft or a returned unpaid transactions.
It could also come handy if you get stuck somewhere, or if you need to take a taxi after having dinner with your new date, and your debit/credit card is on $0.00, this could save you the ultimate embarrassment by just transfering money from checking to your savings account.
