Answer:
Higher unemployment, lower wage share of output, and higher Gini coefficient in the long run.
Explanation:
Since less labor will be used, total unemployment will increase. Besides less labor being used, more capital will be used, so the share of labor in total output will decrease. Labor efficiency increases, since you need less labor to produce the same or even a larger amount of output.
New technologies tend to increase the wages of high skilled labor and management. Since the Gini coefficient measures income inequality, then higher wages for a few will increase inequality.
This is an example of what is happening in the US, where highly trained labor is getting paid better every time while unskilled labor is getting paid the same as many years ago or their wage has even decreased with time. This shows how important a college education is, and the difference will only keep increasing.
Answer:
1) Equal to
2) Efficient
3) Equal to
4) Total
Explanation:
1) Marginal cost pricing is when you price the good equal to the extra cost of producing an extra good, so for example if I am a shoe manufacturer and the cost of producing an extra pair of shoe is $4 and I price the pair of shoe at $4 I am using marginal cost pricing.
2) When the producer is using marginal cost pricing the output produced is efficient as there is no dead weight loss and efficient level of output is produced.
3,4) If I produce 10 pairs of shoes and they cost me $500 then my average total cost for the pair of shoes is 500/10 = $50 and if I keep the price of the shoe at $50 I am using average cost pricing, so average cost pricing is keeping price equal to the average total cost.
Answer:
$0
Explanation:
Since Harry chose a non qualified tax deferred annuity, upon his death all annuity payments will stop and his beneficiaries wouldn't receive any money.
For Lucile to receive any money after Harry's death, he should have chosen another type of annuity, like an annuity with 10 or 20 years certain.
Answer:
b. Market penetration
Explanation:
As Nutrimax Corp has designed extensive and elaborate advertising campaigns for its existing products. The campaign mainly focuses on the features and benefits of the products that differentiate the cereals from the competition. Nutrimax Corp. is using market penetration strategy. In market penetration strategy, firm wants to increase and expand its business and sales by focusing on the existing market with the help of existing products and services as it has been done by Nutrimax Corp in this case. Firm targets the same customers with the same products and services but with better and enhanced advertisement, product features, offers, discounts and schemes.