As the economy evolves the use of new technologies means the need for jobs in some industries disappear and there are new opportunities in others.
Explanation:
Some will benefit from technological developments and hurt others, but the overall employment rate will not be substantially affected in the longer term.
In order to reach some ultimate result, the development of technology can bring on many areas of know-how, including science, engineering, mathematics, linguistics, and history. Technology is sometimes a result of science and technology, even though technology precedes both fields as something of a human activity.
Answer:
The correct answer is C) The curve shifts to the left because if firms invest less, they will produce less goods and services, that is to say, the will produce less ouput, which will cause a shift of the aggregate demand to left, because the Y axis of the AD Curve represents output.
To find the fixed cost, we need add all costs that do not change with the number of haircuts. These are the salaries of the barbers and the manager bonus, the advertisement fees, rent and the magazines. We also have the standard part of the utility payment, the 170$. Those add up to:
6*1310+520+280+980+20+170=9830$. We also have regarding the variable costs:
The utilities variable part are included since they depend on haircuts, barber supplies and the base rate of each barber per haircut. Hence those are:
(5.90+0.38+0.27 per haircut)=6.55$ per haircut
