Assuming the total population is 100 million, the civilian labor force is 50 million, and 47 million workers are employed, the unemployment rate it: 6 percent. The natural rate of unemployment is the: full-employment unemployment rate.
Answer:
When ATC curve is decreasing, we know that the MC curve is
below the ATC curve, and when the ATC curve is increasing, we know that MC is above the ATC curve
Explanation:
ATC refers to average total cost and MC refers to marginal cost, these both curve derive from total cost when MC is below ATC curve it shows that MC is less than ATC at that point ATC is falling.
Likewise, when MC is above ATC curve it shows MC is grater than ATC curve and at that point ATC is rising.
furthermore, when MC is equal to ATC at that point ATC is at minimum point.
Answer:
See explanation below foe answer.
Explanation:
Resource partitioning is a term that refers to the division of resources that are limited by species in order to avoid competition in an ecological niche. In an environment where organisms are in constant competition for limited resources, there arises the need for the organisms and different species to find ways in which to coexist with one another.
An example of Resource Partitioning be seen when two species of hummingbirds in a tropical rainforest, each using flower nectar as their main source of food. But, individuals of the same species can compete with each other also.
Answer:
$116.28
Explanation:
This can be calculated as follows:
Mark up = [1 ÷ (1 - Lerner index)]
Price = Mark-up × Marginal cost
= [1 ÷ (1 - 0.57)] × $50
Price = [1 ÷ 0.43] × $50 = $116.28
Therefore, the price this firm will charge its customers is $116.28.
A savings account makes a better investment because the person receives more interest from the bank than a checking account.
