An economy is operating at full employment, and then workers in the bread industry are laid off. this change is portrayed in the movement from C to F.
The economy in points A, B, C, and D is at full employment. Some employees make bread, while others make wine. Points F and G depict scenarios where the unemployment rate varies depending on the state of the economy. Point E illustrates a growing economy that is performing above its maximum level of employment. When the unemployment rate is between 4% and 5%, an economy is considered to be in full employment; nonetheless, frictional unemployment is always present.
Given that the economy was at full employment when the question was asked, but that unemployment then rose, the starting point must be A, B, C, or D, and the final position must be F or G. Only option D, from points C through F, makes sense.
An economy is operating at full employment, and then workers in the bread industry are laid off. this change is portrayed in the movement from C to F.
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Answer:
IF WOOL MEN CHARGES $3100 PER STUDENT,THEN CONTRIBUTION PER STUDENT=
CHARGES PER STUDENT =$3100
LESS:VARIABLE COST
SUPPLIES ($350)
ASSISTANT SALARY ($155)
($7000/45)
CONTRIBUTION $2595
COST PER STUDENT:
SUPPLIES $350
OFFICE ($7000/45) $155
INSURANCE ($40000/240*) $167
REPAIR ($32000/240) $133
AND MAINTENANCE
DEPOSIT ($60000/240) $250
TOTAL $1055
Explanation:
The given table will elaborate it more.
Scarcity cannot be eliminated because <em>no matter how much is produced, people will always want more.</em>
So, we should buy what we ''need'' . Not what we ''want''. And B option, unfortunately, it's really true :(
Hope this helps ^-^
<span>Under the partnership agreement, Brown and Freeman made a beginning-year interest amount of $20,500. This is 10% of the beginning-year's profit of $205,000. Given their initial partnership agreement, they will share this amount equally. This would mean that they each received an amount of $10,250.</span>
Answer:
Option (a) is correct.
Explanation:
A nation's gross domestic product (GDP) refers to the total value of goods and services produced during a year within the boundaries of a particular nation.
There are three ways of calculating GDP:
(i) Expenditure method
(ii) Value added method
(iii) Income method
It can be calculated as follows:
Gross domestic product (GDP) based on spending approach:
= Consumption + Investment + Government spending + Net exports
