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djverab [1.8K]
3 years ago
11

Mexico can produce vine-ripened tomatoes at a lower opportunity cost than firms in the United States. Through trade negotiations

, the United States lifted quotas limiting the import of tomatoes from Mexico. Some firms in Florida, in the face of this new competition, had to close their farms and their workers lost their jobs. Many of the workers could not find new jobs right away. What type of unemployment describes the workers' situation
Business
1 answer:
VikaD [51]3 years ago
6 0

Answer:

Structural unemployment

Explanation:

From the question we are informed about Mexico which are producing vine-ripened tomatoes at a lower opportunity cost than firms in the United States. Through trade negotiations, the United States lifted quotas limiting the import of tomatoes from Mexico. Some firms in Florida, in the face of this new competition, had to close their farms and their workers lost their jobs. Many of the workers could not find new jobs right away. In this case, the type of unemployment that describes the workers' situation is

Structural unemployment.

Structural unemployment can be regarded as one type of unemployment which is a form of involuntary unemployment that is been causedd as a result of mismatch between the skills that can be offered by workers in the economy

and the skills that is been demanded of workers by their employers, structural unemployment can be regarded as" the skills gap"

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Typing resources allows managers to make better resource ordering decisions by:
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Typing resources allows managers to make better resource ordering decisions by describing the size, capability, and staffing qualifications of a specific resource.
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3 years ago
Calamata Corporation processes a single material into three separate products A, B, and C. During September, the joint costs of
Elena-2011 [213]

Answer:

20%

Explanation:

Gross profit is the net of sales and cost of sales. Gross Profit percentage is the ratio of gross profit to sales expressed as percentage.

Product Units Produced Final Sales Value per Unit Separate Costs

   A             10,000                    $25                                  $125,000

   B             15,000                    $30                                  $250,000

   C            <u> 12,500 </u>                  <u> $24 </u>                                <u> $125,000</u>

Total           37,500                                                            $500,000

Sales Value

A (10,000 x $25)      $250,000

B (15,000 x $30)      $450,000

C (12,500 x $24)      <u>$300,000</u>

Total Sales Value                       $1,000,000

Less

Joint Cost                                  ($300,000)

Separable cost                         <u>($500,000)</u>

Gross Profit                               $200,000

Gross Profit Percentage = ( $200,000 / $1,000,000 ) x 100 = 20%

8 0
3 years ago
Midyear on July 31st, the Chester Corporation's balance sheet reported:
erastova [34]

Answer:

$76.856 million

Explanation:

As we know that Balance sheet is divided in two portions.

1. Total Assets (Current Assets + Fixed Assets)

2. Total Liabilities and Share Holders' Equity.

and they both should be equal. So we can write from the above information, as:

Total Assets = Total Liabilities + Total Common Stock + Retained Earnings

N.B. We are excluding Cash from our calculation cause we assume that Cash is already been included in Total Assets.

Hence, by putting the values in above equation we can find our Retained Earnings as:

Retained Earnings + $128.230 million + $6.350 million = $211.436 million

Retained Earnings + $134.58 million = $211.436 million

Retained Earnings = $211.436 million - $134.58 million

Retained Earnings = $76.856 million

6 0
3 years ago
A firm pays Pam $40 per hour to assemble personal computers. Each day, Pam can assemble 4 computers if she works 1 hour, 7 compu
kherson [118]

Answer:

$1,840

Explanation:

In order to calculate the Marginal cost of producing the computers in 2nd hour of work, we need to add the marginal cost of computer and marginal cost of wage in the 2nd hour of work.

MC = MC(computers) + MC(wage)

MC = $1,800(w) + $40

MC = $1,840

Working

MC (computers ) = 3 x 600$ = $1,800

                hour        computers assembled

                    1st                        4

                    2nd                      7

If pam works 2 hours she can assemble 7 computers but she already assembled 4 computers in 1st hour.

So the 2nd-hour computers will be 3 ( 7 - 4) computers.

4 0
2 years ago
Why must real options have positive​ value? ​(Select all the choices that​ apply.) A. Real options must have positive value beca
murzikaleks [220]

Answer:

B. Real options must have positive value because they are only exercised when doing so would increase the value of the investment.

C. Having the real option but not the obligation to act is valuable.

D. If exercising the real option would reduce​ value, managers can allow the option to go unexercised.

Explanation:

A real option is a choice made available to the managers of a company concerning business investment opportunities. It is referred to as “real” because it typically references projects involving a tangible asset instead of a financial instrument. Tangible assets are physical assets such as machinery, land, and buildings, as well as inventory.

A 'real option' is also a choice available to a company regarding an investment opportunity. The term 'real' means that it refers to a tangible asset and not a financial instrument. Examples of real options include determining whether to build a new factory, change the machinery and technology on a production line.

4 0
3 years ago
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