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Tanya [424]
3 years ago
6

Kevin has lost his job in an automobile plant because the company switched to robots for its welding step in the assembly line.

Kevin plans to go to technical school to learn how to repair microcomputers. The type of unemployment Kevin is faced with is _________.
Business
1 answer:
ankoles [38]3 years ago
4 0

Answer:

Structural Unemployment

Explanation:

Structural unemployment is a type of unemployment that is caused by the divergence between the skills that is possessed by the unemployed population and the jobs that are available in the market. Structural unemployment is a long-lasting event which is as a result of fundamental changes in the economy.

Structural unemployment can be caused by the following:

(a) Technological advancement

Technological advancements can significantly have an affect on the economy. The introduction of new technologies can make some of the current jobs to become outdated, thereby leaving many people unemployed.

(b) Competition

Competition could also lead to structural unemployment in an economy. For example, globalization is one of the factors behind the high rate of competition experienced around the world. Developing countries generally provide cheap labor; many companies from this developed countries move their manufacturing facilities to developing nations. As a result, workers who were previously involved in manufacturing process becomes unemployed.

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Enterprises face the challenge of deciding which investments to make and how to allocate scarce resources to competing projects.
Tema [17]

Answer: Business case

Explanation: In other to eliminate the dilemma posed by having to allocate resources particularly in those which are not readily available in abundance or having to choose between two or more different options, tasks or projects, managers are often faced with a decision dilemma which are is usually analysed by making a business case in other to identify the modalities attached with each project or task on the basis of risk, benefit attached, cost, timing of such projects and so on. This will enable managers to arrive at a reasonable justification to choose an option over the other which will yield a longterm return or benefit to the organization.

5 0
4 years ago
If you say $4500 at an interest rate of 13% per year, how much will you have at the end of seven years
SashulF [63]

Explanation:

I think it might be 5455$

4 0
1 year ago
The following data concerns a proposed equipment purchase: Cost$144,000 Salvage value$4,000 Estimated useful life 4years Annual
ycow [4]

Answer: $74,000

Explanation:

The Average Investment refers to the average cash invested into a particular project and is useful in calculating the rate of return. The simple formula is to add the beginning value of the asset to its ending value and divide this by 2.

The ending value in this case would be the salvage value;

Average Investment = \frac{Beginning Cost of Machine + Salvage Value}{2}

= \frac{144,000 + 4,000}{2}

= $74,000

8 0
3 years ago
What is one negative element about automated call answering service
avanturin [10]

Answer:

C. They are impersonal, which can result in dissatisfied customers.

Automated call service systems can help you, but if you have a more in depth question, it can't. The automated voice is impersonal, they don't show any emotional qualities, so they can't say, "sorry that happened to you," or, "sorry for the wait," (etc).

3 0
3 years ago
Read 2 more answers
In a market served by a monopoly, the marginal cost is $60 and the price is $110. In a perfectly competitive market, the margina
Mice21 [21]

Answer: In a market served by a monopoly, the marginal cost is $60 and the price is $110. In a perfectly competitive market, the marginal cost is $60. If the marginal cost increased from $60 to $75, the monopoly would raise its price <u>by less than $15</u>, and the price in the perfectly competitive market would <u>increase to $75.</u>

Explanation: The monopolist attends to the market demand, therefore the choice of the monopolist is limited by the market demand. If you set a very high price, you will only sell the amount that the demand you want to buy at that price, so it will only increase by less than $ 15.

In a market of perfect competition the companies are accepting price and will produce until the price is equal to the marginal cost so the price would rise to $ 75.

7 0
3 years ago
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