9 During periods in which average labor productivity is (Click to select) v, average living standards will be (Click to select) Vproductivitybecausedeclines can result in a higher demand for available goods and services.O growth leads to an increase in the supply of goods and services available.O growth can lead to population growth and more jobs.declines can result in more jobs available.Suppose there are two countries Alpha and Beta with the the following values:Calculate the labor force productivity for Alpha and Beta.Instructions: Enter you answers in thousands (i.e., 100 for 100,000).Labor ForceGDPPopulationLabor ForceProductivityAlpha$20,494 billion327 million159 millionBeta$13,608 billion1,393 million756 millionWhat would have to be the GDP in Beta for this country to have the same labor productivity as Alpha?Instructions: Enter your answers as whole numbers.2$billionO O O O

Answer 1 - Higher Answer 2 - Higher Option B - Growth can lead to an increase in the supply of goods…

During periods in which average labor productivity is (Click to select) ▼, average living standards will be (Click to select) v productivity beca declines can result in a higher demand for available goods and services. O growth leads to an increase in the supply of goods and services available. O growth can lead to population growth and more jobs. O declines can result in more jobs available. о

During periods in which average labor productivity is (Click to select) ▼, average living standards will be (Click to select) v productivity beca declines can result in a higher demand for available goods and services. O growth leads to an increase in the supply of goods and services available. O growth can lead to population growth and more jobs. O declines can result in more jobs available. о

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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4-5 Processing Insurance Claims Your insurance firm processes claims through its newer, larger, high-tech facility and its older, smaller, low-tech facility. Each month, the high-tech facility handles 10,000 claims, incurs $100,000 in fixed costs and $100,000 in variable costs. Each month, the low-tech facility handles 2,000 claims, incurs $16,000 in fixed costs and $24,000 in variable costs. If you anticipate a decrease in the number of claims, where will you lay off workers?
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AFCATC $120150 6085 4060 3048 2145 2042 17.444 1548 MC 30 20 10 12 28 38 50 72 Quantity 2 3 4 7 Refer to the above information to answer this question. What is the value of the breakeven price? O a) $42 Ob) $40 Od $18 Od) $30
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FC VC TC MC AFC AVC ATC 1. 160 65 3 10 20 55 4 28