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In order to answer this question, you must have data for the electricity cost. For this example let's follow the electricity cost for USA. According to U.S Energy Information Administration, the an average home costs 12.3 cents per kW-h in January 2017. For consistency, convert year to hours. In a year (365 days), there are 8769 hours.
12.3 cents/kW-h * 0.5 kW * 8769 h = 53929.35 cents = $539.2935
Answer:
Explanation:
if truly rate of actual unemployment is lower compared to the natural unemployment, it implies that the economy is making a greater effort for higher output level than its potential output.
Lower unemployment than natural rate of unemployment will reflect as lower availability of workers in the economy ,so unions and workers start demanding more wages ,which leads to increase in production cost of firms . Increase in production cost ,leads to decrease in firms supply and short run aggregate supply curve shifts lefttwards and SRAS keep shift to left till economy reach to full employment or potential GDP.As GDP Decreases no of workers Decreases and employment Decreases.
Conclusion: Short run aggregate supply Decreases and employment Decreases.
Answer:
During globalization, traditional culture is marked by the common consumption of cultures that have been diffused by the Internet, popular culture media, and international travel.
Explanation:
When diffused by the internet and media, they can be shaped and changed by others diffusing the culture. They are no longer traditional in a sense but have change to more international.