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sleet_krkn [62]
3 years ago
14

If the unemployment rate is 5.8% and the number of unemployed persons is 15 million, the labor force is approximately:__________

_A. 258 million.B. 25.8 million.C. 87 million.D. 870 million.E. 2.6 million.
Business
1 answer:
Delicious77 [7]3 years ago
6 0

Answer: 258 million

Explanation:

The labor force refers to the number of people who are employed and the unemployed who are also looking for work.

Let the labor force be represented by x. Based on the question given, we can form an equation which will be:

5.8% of x = 15 million

0.058x = 15 million

x = 15million / 0.058

x = 258 million

Therefore, the labor force is approximately 258 million.

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American apparel makers complain to Congress about competition from China. Congress decides to impose either a tariff or a quota
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B) quota

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3 years ago
Pettit Ice Cream Company produces various ice cream products for which demand is highly seasonal. The company sells more ice cre
Rashid [163]

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a) Fixed costs = $22,000

b) $70,000

c) The high low cost method is generally inaccurate because it only considers the extremes, the highest and lowest costs and activity levels. Generally costs are not linear, but they might follow a certain tendency. The advantages of the high low cost method is that it is fairly accurate when costs are stable, plus it is much simpler to calculate.

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