Answer: (D).
According to the real business cycle, "changes in the level of technology are the main causes of inflation and fluctuations in real GDP".
Explanation:
The "real business cycle" states that an economy during its lifetime will go through all the various stages of a business cycle which include; expansion, peak, recession, depression, trough and recovery. There will be periods where economic activities will be high and other periods when they will be low.
According to the real business cycle, technological innovation or shocks, which determine the extent to which inputs are converted to outputs, are responsible for the changes in the economy (such as inflation and real GDP fluctuations).
Answer
The answer and procedures of the exercise are attached in a microsoft excel document.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer: c. Local taxes
Explanation:
The city will have to take into account the relevant environmental standards when constructing the sidewalks. They will also have to factor in federally restrictive mandated covenants for legality.
Local zoning laws will also need to be taken into account so that the sidewalk is not built where it is not meant to be and building codes would be important as well. They however, do not need to be concerned about local taxes because the city will not charge itself tax for city maintenance work.
The total cost of the month will consist of the fixed and variable components. The variable cost is: $23,000 x 0.5 + [5 x (23,000/800)] = 11,500 + 143.75 = $11,643.75. The total cost will therefore be $3,000 + 11,643.75 = $14,643.75. A brief explanation. The variable cost consists of the maintenance cost per unit plus the setup cost for every batch. There's a total of 28.75 (23000/800) costing each $5. We then combine both variable costs and add to fixed cost to arrive at the total cost for the month.
<h2>Q1. The company's conformance with standards</h2><h2>Q2. It is illegal for an employer to continue to hire new employees while laying off other employees.</h2>
Explanation:
Question 1:
Ability to meet designed specification is called conformance. So since the HR manager wants to check if the organization is managing its bottom line, it is better to measure whether the contributions meet the expectations.
Question 2:
When the turnover is not up to the mark, then it is not recommended to hire a new one and send off the existing employee. We can increase turn over only with the existing set and on need the company can hire new people.
