Answer:
2 hours of labor
Explanation:
Labor is hired up to a point where the marginal product of labor * Price of the output = wage of the worker.
Thus, 35 * 10 = 350.
35 widgets are produced using 2 hours of labor.
Answer:
These are the options for the question:
market-based
communist
command
laissez-faire
mixed
And this is the correct answer:
mixed
Explanation:
A mixed economy is an economy that either:
- Mixes state intervention with a free-market economy.
- Has some sectors of the economy run in market-based style, and other sectors in a planned-style.
- Has coexistence of public enterprises and private enterprises.
In the question, we have an example of a mixed economy because in the energy sector (a crucial sector in any economy), there is one public company competing against private companies.
The economy becomes even more mixed when the government lowers the tax rates of the private companies, so that both the public firm and the private firms compete under the same conditions.
Answer:
b. 0.67
Explanation:
UCL = 1 + 0.10
= 1.10 inch
LCL = 1 - 0.10
= 0.9 inch
standard deviation = 0.005 inch
mean = 1 inch
Cpk
= min[(UCL - mean)/(3*standard deviation) , (mean - LCL)/(3*standard deviation))]
= min[(1.10 - 1)/(3*0.05) , (1 - 0.9)/(3*0.05))]
= min[0.67 , 0.67]
= 0.67
Therefore, Theprocess capability index (Cpk) if the long-run process mean is 1 inch is 0.67
a. Nominal interest rates Increase and Aggregate demand Decrease
b. New Fed policy Buy bonds
Explanation:
When contemplating unemployment, the nominal interest rate applies to the rate of interest. Net may, without taking into consideration any commissions or compounded interest, be related to the advertised or reported interest rate of a loan.
The aggregate demand (AD) for finished commodities and facilities in the market at a certain time is aggregated. Strong demand is often named, but this term is often used in many ways. This is the market for a country's gross national product.
When the Fed sells debt in the international market, the world economy money supply is expanded by exchanging debt for cash from the general public. Instead, when the Fed sell bonds, the supply of money is reduced by cash being pulled out of the market in return for bonds. The Fed also sells bonds.
If there is a budget deficit during the biennium, money can be used from the economic stabilization fund with approval of 3/5th of the members of both the Texas house and the Texas Sentae.
<h3>What is the meaning of the Senate?</h3>
The House of Representatives is the lower chamber of the United States Congress, and the United States Senate is its upper chamber. They are all members of the nationwide bicameral legislatures of both the United States.
A deliberative assembly known as a senate is frequently the upper house or chamber of such a bicameral legislature.
The majority leader is thought to be the party's most powerful senator since he or she represents the party's interests in the Senate as its top representative.
This Is one of The United States Constitution specifies the makeup and authority of the Senate. Each senator in the Senate is an official representative of a single state.
Learn more about The Senate here:
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