Answer:
b. 10% doubling
Explanation:
Options are <em>"a. tripling, b. 10% doubling, c. 90% tripling, d. 90% doubling, e. 10%"</em>
In this question, 90%(0.9) learning rate means that (1-0.9)10% unit of input is reduced each time the production is doubled. In a nutshell, the learning curve percentage represents the proportion by which the amount of an input per unit of output is reduced each time production is doubled.
I believe the answer would be D
Answer and Explanation:
The computation is shown below:
TC = 25 + q^2
Now
Marginal cost is
= dtc ÷ dQ
= 2q
Average variable cost (AVC) = q
We Assuming perfect competition so there is a free entry so no profits
Therefore
ATC = P
ATC = TC ÷ q
= q + 25 ÷ q
Now
MC = MR = P = ATC
2q = q + 25 ÷ q
q = 25 ÷ q
q^2 = 25
So, Quantity per firm = q = 5
Now
P = MC = MR = ATC
= q + 25 ÷ q
= 5 + 25 ÷ 5
= 5 + 5
= 10
hence, equilibrium price is 10
Now
Q = 35 - P
= 35 – 10
= 25
Hence, Market quantity (Q) = 25
And, the number of firms i.e n
N = Q ÷ q
= 25 ÷ 5
= 5
Answer:
"Structural Unemployment"
Explanation:
According to my research on the different types of unemployment that exist in the United States, I can say that the unemployment type described in the question is called "Structural Unemployment". This is an unemployment type that is caused by industrial reorganization, usually this happens when the industry adds new technology that can do certain employees jobs the same or better than them
unemployment resulting from industrial reorganization, typically due to technological change, rather than fluctuations in supply or demand.
