Answer:
Structural unemployment occurs because workers lack the requisite job skills or live too far from regions where jobs are available and cannot move closer. Jobs are available, but there is a serious mismatch between what companies need and what workers can offer.
Explanation:
Answer: by instructing his teams to create mission statements with clearly defined goals
Explanation:
These are the options:
A. by dismantling the teams so he can make one goal for the entire facility
B. by instructing his teams to create mission statements with clearly defined goals
C. by making all employees trade jobs for several weeks so they have more in common
D. by increasing the dependence of the teams on each other so all tasks share common goals
E. by giving each worker a set amount of time to find out what their goals should be or face discipline
From the question, we will realize that Donovan learned that just few of the workers in the company share any sense of common goals within teams as there was He notes disparity in what the workers were doing and the goals to be accomplished.
Based on the above scenario, he should instruct his team to create mission statement that has clearly defined goals. The mission statement will show the reason for the existence of the organization, the goal of the organization, the kind of product or service rendered etc. This will help the workers know what is expected from all of them and work towards it.
Larger vehicles with larger motors because they use oil whereas electric cars run on electricity,biofuels refers to oils if people invest to extract it they can earn money,solar energy is free and doesn’t require anything. Hence, people tend to spend less on larger machines with larger motors.
Answer: A. the firm could produce 3 more units of output if it increased its use of capital by one unit (holding labor constant).
Explanation:
The Marginal Rate of Technical Substitution(MRTS) is calculated as follows:
= Marginal product of labor / Marginal product of capital
= 1 / 3
Marginal product of labor = 1
Marginal product of capital = 3
This means that if one unit of labor is used, it produces 1 unit of output.
If one unit of capital is used however, it produces 3 units of output.
If a firm therefore used one unit of capital and kept labor constant, it could produce 3 units out output.
Answer:
d) 500,000
Explanation:
The amount that the worker is expected to save before retirement is the present value of the expected annual withdrawal using the interest rate of 10% as the discount rate:
savings balance at retirement=yearly cash withdrawal/interest rate
yearly cash withdrawal=$50,000
interest rate=10%
savings balance at retirement=$50,000/10%
savings balance at retirement$500,000
