Answer:
3 out of every 5 people
Explanation:
Labor force = 60% of 100 M = 60M
Labor force participation rate = Labor force / Total Population
= 60,000,000 / 100,000,000
= 6/10 = 3/5
The rate therefore is :
3 out of every 5 people are in the labor force
Answer:
If the several companies in the tobacco industry produce similar products but have very different marginal costs: they are more likely to engage in tacit collusion than firms with similar costs.
Explanation:
Tacit collusion occurs when firms silently agree on a strategy that will benefit them both either by cutting cost or increasing patronage.
If the several companies in the tobacco industry produce similar products but have very different marginal costs, some firms might decide to collude tacitly by lowering their prices therefore controlling a larger potion of the addressable market.
The reason this action is taken silently is because express collusion will attract legal sanctions that will be supported by firms within the industry that did not collude.
Answer:
B. The loss when x riding mowers are manufactured.
Explanation:
The Left shade of the break-even point on the Cost Volume Profit (CVP) Chart, shows the Loss incurred. This is because the Total Revenue Line is below the Total Cost Line(Fixed Costs + Variable Cost). So any number of units manufactured in this area provides a loss.
Answer:
The remaining shares should be carried at its fair value.
In this case then, the fair value of the remaining shares = $260,000*(1-0.5) = $130,000
Explanation:
According to IFRS 3(Revised), A certain group may decide to sell its controlling interest in a subsidiary but retain significant influence in the form of an associate, or retain only a financial asset. If it does so, the retained interest is remeasured to fair value, and any gain or loss compared to book value is recognised as part of the gain or loss on disposal of the subsidiary.
