Answer:
The correct answer is letter "B": reduce productivity. Other things the same, this decrease will be larger in a poor country.
Explanation:
Labor productivity measures the units a worker can produce per hour. <em>Capital, technology, </em>and <em>human development</em> influence the labor productivity employees could have. Poor countries are characterized by having low investments. If the labor force increases but the capital remains stagnant, the level of productivity is likely to fall since there is a surplus in labor hand.
Answer:
$5,450
Explanation:
Data provided in the question:
List price of the machinery = $88,000
Discount offered = 10%
Amount of discount = 10% of $88,000
= 0.1 × $88,000
= $8,800
Shipping paid = $400
Sales tax = $4,900
Useful life = 10 years
Residual value = $30,000
Now,
Total cost of the machine = List price - Discount + Shipping + sales tax
= $88,000 - $8,800 + $400 + $4,900
= $84,500
Annual depreciation using straight line method is given as:
= 
= 
= $5,450
Answer:
The correct answer to the following question is option B) a double coincidence of wants .
Explanation:
The term double coincidence of wants ( which is also know as coincidence of wants ) can be defined as a situation where a buyer and seller can simultaneously fulfill each other's needs and wants because both of them possess what other want. Here if both parties possess what other want , they can directly exchange it , without any use of monetary medium.
Business economics is a field of applied economics that studies the financial, organizational, market-related and environmental issues faced by corporations.
Direct material
0.1×40
=4
Direct labor
12×0.25
=3
Manufacturing overhead
18×0.25
=4.5
the total standard cost for one unit of product is
4+3+4.5=11.5....answer
