Answer:
The decline of industry decreases aggregate supply, but it also decreases aggregate demand, i.e. fewer workers = lower demand for goods and services. Since the government receives money form taxing both industries and households, if both industries' and households' income decreases, the government will receive less tax revenue. Less revenue results in higher deficit.
Explanation:
Answer:
Social capital
Explanation:
Social capital is defined as the effective or efficient functioning of the social groups through using the relationship of interpersonal, shared understanding, reciprocity, shared norms, cooperation, shared values and shared norms.
So, the social capital is the productive potential of cooperative relationships, strong and trusts. And this kind of capital help the person land the job. Within the survey it is stated that the 74% had found quality applicants by referrals of employees.
Answer:
the total period cost for the month under variable costing is $46,700
Explanation:
Product Cost Under Variable Costing = Direct Materials + Direct Labor + Variable Overheads
Period Cost Under Variable Costing = Fixed Manufacturing Overheads + All Non-Manufacturing Overheads (Variable and Fixed)
<u>Calculation for the total period cost - Varible Costing</u>
Variable selling and administrative expense ( $ 7× 1,070 Units) $ 7,490
Fixed manufacturing overhead $ 13,530
Fixed selling and administrative expense $ 25,680
Total period cost for the month $46,700
The four different market structures determine profitability.
perfect competition, monopolistic competition, oligopoly, and monopoly.
Profitability is a measure of an organization's profit relative to its costs. A more efficient organization earns higher profit margins than an inefficient organization that must spend more to achieve the same profit.
Profitability is measured in terms of income and expenses. Income is the money generated by a company's activities. For example, if you produce and sell crops or livestock, income will be generated. However, the money that flows into the business, such as borrowing money, is not income.
The accounting definition of profitability is when a company's total revenue exceeds its total expenses. This number is called net income, or income minus expenses, according to Iowa State University. Revenue is the total income generated by the company.
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<span>With the increase in the hiring of workers each time, the production of the dresses also increased though not too much of an increase. So the slope of the marginal product curve when two to four workers are hired is downward sloping.</span>
