Select the correct answer.

In April 2017, the working-age population of the United States was 254.6 million. The working-age population is divided into

nordsb [41]

population of the United States was 254.6 million. The working-age population is divided into those in the labor force (160.2 million) and those not in the labor force (94.4 million). The labor force is divided into the employed (153.2 million) and the unemployed (7.1 million). Those not in the labor force are divided into those not available for work (88.7 million) and those available for work (5.7 million). Finally, those available for work but not in the labor force are divided into discouraged workers (0.5 million) and those currently not working for other reasons (5.2 million).

Use this data to help determine which one of the following statements is true:

The unemployment rate is

7.1 million / 160.2 million×100=4.4%.

The labor force participation rate is

160.2 million /

254.6 million×100=62.9%.

N.B

Check the attachment for full question

Answer:

D. Both A and B are correct

Explanation:

The unemployment rate is 4.4%

That is unemployed/labour force = (7.1million/160.2 million ) * 100 = 4.4%

Labour force participation rate is 62.9%

That is: total labour force /total population = (160.2million/254.6million) * 100 = 62.9%

4 0

3 years ago

Explain how a firm's production function is related to its marginal product of labor, how a firm's marginal product of labor is

Ghella [55]

The price paid to each factor adjusts to balance the supply and demand for that factor. Because factor demand reflects the value of the marginal product of that factor, in equilibrium, each factor is compensated according to its marginal contribution to the production of goods and services.

<h3><u>Explanation:</u></h3>

The incremental profit that is being earned for an additional single unit by subtracting the price of the product and all the variable cost that is associated with that product is the marginal contribution. It is the earnings that is obtained in total for paying all fixed expense and also for the profit generation.

The price that is spent for the every factor in order to adjust balancing the supply and demand of that particular factor. This is because of the reason that, the value of the marginal product of any factor is controlled by the demand factor. Thus in an equilibrium state there will be a compensation of each factor based on the marginal contribution to the production of goods and services.

7 0

3 years ago

Eisenhower Corporation purchased a patent for $1,850,000 on November 30, 2015. It has a remaining legal life of 18 years. Eisenh

adoni [48]

Answer:

The correct option is c $1,593,056.

Explanation:

Patent : The patent is an intangible asset in which amortization is to be charged every year till its useful life. An intangible asset is also known as long term asset which cannot be seen or even touched.

As in the given question the patent is purchased on November 30 but we have to reported on the December 31, 2015, so the total months between them is 25 months.

And, the remaining useful life of patent is 15 years we have to convert the years into months .

So, 15 × 12 months in a year = 180 months.

Since, for 180 months the $1,850,000 is given, we have to compute for 25 months. The computation is shown below:

= ($1,850,000 × 25) ÷ 180

= $256,944

Hence, the balance would be Purchase cost - amortization expense

= $1,850,000 - $256,944

= $1,593,056

Thus, the correct option is c $1,593,056.

3 0

3 years ago

Alan wins a $50,000 judgment against Henderson. But Henderson refuses to pay the amount of the judgment to Alan. To counter Hend

galben [10]

Answer:

C) writ of execution

Explanation:

Writ of execution is a judicial order that a judgement be enforced.

3 0

3 years ago

Read 2 more answers

The value of a product minus the costs of raw materials and energy is

nordsb [41]

The gross value is the product minus the costs of raw materials and energy. Gross value allows a company to see the true value they are gaining after the raw materials and time spent to produce the good are complete. The value is an economic measure that allows a company to see where they stand after the contribution of materials and workers are taken out of the equation.

5 0

3 years ago