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arlik [135]
2 years ago
15

Last month Brent lost his job at the auto parts factory because his factory, like many others, relocated to Asia. Brent has been

looking for similar factory jobs in his town, but has found no openings. Brent is best classified as:___________.
A. structurally unemployed.
B. frictionally unemployed.
C. a discouraged worker.
D. out of the labor force.
Business
1 answer:
Aleonysh [2.5K]2 years ago
7 0

Answer:

Structurally unemployed

Explanation:

Structural unemployment occurs due to changes in economic situations, or a mismatch of available jobs and available skills. Structural unemployment takes a long time to resolve as it may involve retraining of individuals.  Advance in technology has contributed most to this form of unemployment as machines and robots are replacing human beings.

For Brent, the employer has shifted to Asia due to economic benefits available there.  Probably, other firms in that industry have relocated, that's why Brent is unable to find another job.  Brent's skills do not match the currently available positions in his town.

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Road King Cycles Inc. is a manufacturer of bicycles and sells its bikes to retail outlets that serve the consumer market. Road K
Mekhanik [1.2K]

Answer:

road bicycles would be categorized as <u>CASH COW</u> while hybrid bikes would fall into the <u>QUESTION MARK</u> category.

Explanation:

Cash cows are products that have a high market share but their markets are not growing very much. This products generate a lot of cash.

Question marks are products whose market is growing fastly, but the product itself doesn't have a high market share. This products have a great potential, but it is not certain that they will achieve it.

5 0
2 years ago
Suppose that coffee growers sell 200 million pounds of coffee beans at $2 per pound in 2015 and 240 million pounds for $3 per po
VARVARA [1.3K]

Answer: C) the demand for coffee beans has increased

Explanation:

The law of supply states that: "all things being equal" the higher the price the higher the quantity supplied and the lower the price, the lower the quantity supplied.

Coffee growers sold just 200 million pounds of coffee when the price was $2 per pound but they increased their supply of coffee to 240 million pounds when the price per pound is $3.

This is an evidence to show that suppliers supply more products when price increase in order for them to make more profits.

3 0
2 years ago
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $47,500.
Doss [256]

Answer:

Dep expense for the second year 7,600

Explanation:

\left[\begin{array}{ccccc}Year&Beginning&Dep-Expense&Acc. \: Dep&Ending\\0&-&-&-&47500\\1&47,500&9,500&9,500&38,000\\2&38,000&7,600&17,100&30,400\\\end{array}\right]

1/10 = straight-line method

straight-line x 2 = DD rate

47,500 x 2/10 = 9500

then we calculate the DD rate again with the book value

47,500-9,500 = 38,000

38,000 x 2/10 = 7,600

6 0
2 years ago
The county government released $100,000 as an appropriation for a counseling program for at-risk teenagers. The program should r
Kipish [7]

Answer:

Number of teenagers= 100 teenager

Explanation:

Giving the following information:

The county government released $100,000 as an appropriation for a counseling program for at-risk teenagers. The variable costs for the program are $400 per teenager per year. Within the relevant range of 50 to 150 teenagers, the fixed costs for the program are $60,000.

First, we need to deduct the fixed costs that remain don't affect directly the teenagers.

Budget= 100,000 - 60,000= 40,000

Now, we can calculate the number of teenagers to attend:

Number of teenagers= 40,000/400= 100 teenagers

5 0
2 years ago
. Alex has the option to invest in an asset. Her financial advisor has told her there is expected value (utility) of $20,000 on
LiRa [457]

Answer:

A) the probability that the asset will pay well is 51.16% and the probability that it pays poorly is 48.84%.

B) She should not invest in the asset because the expected value = the price asset, there is no expected profit.

Explanation:

There are 2 probable returns:

  1. Asset will pay well = P = $45,000
  2. Asset will pay poorly = 1 - P = $2,000

since the principal = $20,000, and the expected value = $20,000, the expected value equation would be:

45,000p + 2,000(1 - p) = 20,000

45,000 + 2,000 - 2,000p = 20,000

43,000p = 22,000

p = 0.5116 or 51.16%

1 - p = 48.84%

8 0
2 years ago
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