Answer:
(a) Labor productivity is 0.0096 rugs/dollar
(b) Multifactor productivity is 0.244 rugs/dollar
Explanation:
(a) Labor productivity = total output/total labor input = 85 rugs/($17×520) = 0.0096 rugs/dollar
(b) Solvent productivity = 85 rugs/($5×100) = 0.17 rugs/dollar
Machine rental productivity = 85 rugs/($60×22) = 0.0644 rugs/dollar
Multifactor productivity = 0.0096+0.17+0.0644 = 0.244 rugs/dollar
Answer: Skilled Workers.
Explanation:
Skilled workers refers to those with the skills and abilities required to work in their various tasks. Often these skills are gained from tertiary level institutions such as Universities, Colleges or Technical Schools.
When the report speaks of how having a college education leads to increased productivity, it is targeting skilled workers who as the definition states, have probably gone to College or Universities and the like.
This report will increase the labour market for skilled college education holders as companies might want to hire them more to gain from the reported increased productivity.
Answer:
The investment will grow to $20,497 in four years if interest is compounded annually.
On other hand, the investment will grow to $20,684 if interest is compounded at 10% semi-annually
Explanation:
Using compound interest formula below the,the total investment after four years:
A=P(1+r/n)^nt
A=Future value
P=Principal amount invested
n=number of time interest is paid per time period
t=number of time period
First question:
P=$14000
r=10%
n=4 years
t=1 period
A=$14000*(1+0.1)^4
A=$20497.4
Second question
P=$14000
r=10%
n=4years
t=2 times
A=$14000*(1+0.1/2)^4*2
A=$20684.38
In short , the investment grows better if the interest is compounded at 10% semi-annually.
Answer:
Explanation:
1. Yes, these costs are accurately traced to each briefcase. Because these are variable cost and incurred upon per unit as per the product requirement and specification.
Check attachment for 2, 3 and 4.
For 3b. please provide the statements which are to checked.
Answer:
Explanation:
So, the hypothesis is:
H0 : p = .48 versus Ha : p≠ .48
check the picture attached for more explanation
