<span>the answer d Jenna is incorrect; working in the bookstore gave her the management experience valuable in different fields.
Even though jenna's decision is correct in quitting her job in the bookstore and start to pursue her dream, her view on her previous job is wrong.
With ther past experience, Jenna now has additional skills in leading team members which would be extremely useful for her next job.</span>
Answer:
A. The money demand curve shifts to the right.
Answer:
= $132,000.
Explanation:
There are two types of fixed costs, general fixed cost and specific fixed cost.
<u><em>General fixed costs </em></u><em>are those that cannot be traced to a specific product rather they are incurred for the benefit of all of the product being produced. For example,the rent of the factory where three products are being produced</em>
So they are unavoidable should a product be ceased for production that is they would still be incurred either way.
<u>S</u><u><em>pecific fixed costs </em></u><em>are those incurred specifically for a particular product and as such they would be saved should the product be discontinued. For example , if a special machine that cost $4000 a month to rent is used to produce a product. The $4000 would be saved should the production of the product ceases</em>
The net operating cost of the company would increase by the amount of the avoidable specific fixed cost:
=$90,000 + $42,000
= $132,000.
Answer:
prices to fall according to the classical economists and unemployment to increase according to Keynes.
Explanation:
The classical economists believes that a decrease in aggregate demand for goods produced would being about fall in the prices of such goods. What this implies is that as more goods are produced, if such production is not backed by corresponding demand by consumers, the prices of such goods produced will eventually fall because supply is greater than demand.
For the Keynes, their argument is that a decrease in aggregate demand will cause unemployment to increase. This is because owners of businesses or employers would lay off their employees when goods produced exceeds the demand for such production by consumers. Here, owners of businesses pays their employees through sales of goods produced. So, when the goods produced are not purchased, then there will be excess availability of such goods; hence no sale or profit, from which salaries would be paid. The next step is to start laying off employees because employers cannot cover their running costs.
Answer:
a) 5%; 55%
Explanation:
The unemployment rate is calculated by dividing the number of people unemployed by the number of people in the workforce:
1/20= 0,05*100= 5%
The participation rate is calculated by dividing the number of people employed by the number of people in the workforce:
11/20= 0,55*100= 55%
