1) The percentage of the labor force that belongs to a union is known as the UNIONIZED PERCENTAGE RATIO.
2) The equilibrium wage rate is determined by the point of intersection of labor market supply and labor market demand. Equilibrium wage is the wage where the company agrees to pay and the worker agrees as the value of his work.
3) The effect of union exclusion of nonunion workers is to lower the wages of nonunion workers.
4) A market with one buyer and one seller is a bilateral monopoly. Monopoly is a market with only one seller. Monopsony is a market with only one buyer.
Answer:
Stock value today = $1.21
Explanation:
Current Dividend = D = $1.13
After 5 years that is D = $0.50
Since expected growth = 0
Therefore
P = D / Ke = 0.5/18% = $2.77
Its present value will be = $1.21
Stock value today = $1.21
Answer:
a. Staples used to bind magazines - <u><em>Direct Material</em></u>
The staples are integral to holding the magazines so is a direct material.
b. Wages of printing machine employees. - <em><u>Direct Labor</u></em>
The printing machine employees are directly related to the magazine's production as they print it.
c. Maintenance on printing machines. -<em><u> Factory Overhead</u></em>
This cost is not directly associated with the publishing of the magazine so is an overhead.
d. Paper used in the magazine. -<em><u>Direct Material</u></em>
Without paper, the magazine can not be published which makes it a direct material.
Answer:
5%
12%
Explanation:
Unemployment rate is the fraction of the labour force that are unemployed but are actively looking for work
Types of unemployment include:
Frictional unemployment : it is the period of time a person is unemployed from the period he leaves his current job and the time he gets another job. The 300 unemployed people are frictionally unemployed
structural unemployment : it occurs as a result of changes in the economy. These changes can be as a result of changes in technology, polices or competition . Structural unemployment tends to be permanent. The 420 unemployed people are structurally unemployed
Voluntary unemployment : e.g. worker at a fast-food restaurant who quits work and attends college.
Cyclical unemployment : occurs as a result of fluctuations in the economy
Frictional unemployment = (total frictional unemployed people / total labour force ) x 100
(300 / 6000) x 100 = 5%
Total unemployment rate = (total frictional unemployed people + total structural unemployed individuals / total labour force ) x 100
[(300 + 420) / 6000] x 100 = 12%
Answer:
The correct answer is letter "A": True.
Explanation:
No SQL databases provide systems for the storage of big amounts of data and real-time web applications. The main feature of a No SQL database is that it does not uses SQL as the main query language. This type of database has a simple interface with horizontal scaling which makes operations faster.