Answer: not in any option
Explanation: Labour rate variance = (standard Labour hour - actual Labour hour) × actual Labour hour.
Answer:
This type of unemployment is called structural unemployment
Explanation:
Structural unemployment refers to the unemployment which happens due to a structural change in the economy, for instance, when there is a development of a new technology or industry. For example, when a person finds a cure for all dental diseases, and as a result, a dentist loses his/her job, this will lead to being structurally unemployed.
As we can see in the scenario presented above, the invention has cost the typists their jobs, and this is because there is a mismatch between the skills of the typists and the potentials offered by the invention.
Answer:
Multiple Choice
s
IRR increases
IRR decreases
IRR remains constant
The correct option is that IRR increases
Explanation:
The initial IRR would be calculated while also the increase in cash flow from $200 to $100 in the first two years would be incorporated into computing a second IRR using IRR formula in excel:
=IRR(values)
The values for first scenario are:
Year cash flow
0 -$1000
1 $100
2 $5,100
IRR is 131%
Second scenario:
Year cash flow
0 -$1000
1 $200
2 $5,200
IRR is 138%
IRR increases by 7% (138%-131%)
Answer: Option (A) is correct.
Explanation:
Correct Option: Normal profits because economic profits will attract new firms and there are no entry restrictions.
In a monopolistically competitive market, firms will earn an economic profit in the short run, so new firms attracted with these profits and decided to enter into the market in the long run.
There is no barriers on entry and exit of the firms in the monopolistically competitive market. When new firms enters into the market, as a result supply of differentiated products increases.
This causes the firm's market demand curve to shift leftwards. It will continue shifting to the left in the firm market demand curve till the point where it is nearly tangent to the average total cost curve.
At this point, firms earns zero normal profit and can earn normal profits in the long run same as a perfectly competitive firm.
