Forgone output is the fundamental economic cost of unemployment. So, output (option (b)) is the right choice.
<h3>Forgone labour output </h3>
Forgone labour output is the amount of money that persons would have made over the course of their remaining working lives, discounted to the current year if they had not passed away too soon. Forgone labour production, like other accounting metrics like the Gross Domestic Product (GDP), is not meant to represent a gauge of society's prosperity. This brings us to the welfare-based approach, which is the second method for estimating the costs of premature death.
The potential for the production of goods and services is lost forever when the economy fails to provide enough jobs for everyone who is able and willing to work.
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Answer:
True
Explanation:
Net present value is the present value of after tax cash flows less the amount invested.
If there is a deficiency of the present value of future cash inflows over the amount to be invested, it means the NPV is negative and the project proposal should be rejected.
Answer: $35,000
Explanation:
Implicit costs can be described as opportunity cost : the cost that could have accrued to a resource owned by a firm if it had been put to another use.
Ralph could have earned $35,000 if he were employed elsewhere. Therefore, the $35,000 is the opportunity cost of owning his pizza hut. It is the implicit cost.
The other costs in the question are explicit costs.
I hope my answer helps you.
Picometer or picometre but you have double "t" in your unscrambled word so im not sure but i hope this helps
Answer:
She should have come earlier so that she could prepare for her presentation, and if she knew she needed specific equipment then she should have asked someone if the room had it.
Explanation:
So basically just not coming early and prepared.
