10. Economics: Labor Economics Thank you for your help and support Academic Agent! What is an example of general job training?O learning how to use a forkliftO reading a book on techniques for managing large groups of workers involved on tearprojectsO learning how to weldO attending an industry convention on "best practices"O All of these are examples of general job training.02:15esc39F1F280F36:45QF4!F5Il app.honorlock.com is sharing your screen.MacBook AirF6AKF7DIIF8F9AF10Stop sharingF11F12

General job training refers to the acquisition of skills and knowledge applicable across various job…

What is an example of general job training? O learning how to use a forklift O reading a book on techniques for managing large groups of workers involved on tea projects O learning how to weld attending an industry convention on "best practices" All of these are examples of general job training.

What is an example of general job training? O learning how to use a forklift O reading a book on techniques for managing large groups of workers involved on tea projects O learning how to weld attending an industry convention on "best practices" All of these are examples of general job training.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Need help with macroeconomic my little choice review question 26. Suppose that a University’s tuition is $7,000. The cost of textbooks is $1,000, and the cost of food & housing is $19,000. If you did not go to the University, you would have worked as a server, making $50,000 per year.What is your opportunity cost of attending The University?(A) $27,000. (B) $77,000. (C) $58,000. (D) $50,000. 27. Wakanda has a GDP of $720 trillion and a population of 6 million. What is Wakanda’s GDP per capita?(A) $120,000,000.(B) $720,000,000,000,000. (C) $100,000,000,000. (D) $833,333,333.
29) How many units of labor will the AquaPlant hire based on the figures from the table? 30) What is the economic concept associated with the decline in MPL as the number of labor units increase?
Show full answers and steps to part a) b) & c)
Attached Question:
40.) What was one negative consequence of the development of factories? a. People migrated to cities for factory jobs b. the first textile factory was built in England c. Diseases spread quickly through cramped factory neighborhoods
NAME SECTION# PRINT LAST NAME, FIRST NAME In the circular flow model, the household sector goods and services in 8. markets. demands; product supplies; product demands; resource a. b. Appendix: C. d. supplies; resource Economics relies on mathematical students to apply their knowledge of arith graphing functions, and some geometry and analyze relationships between varis In the circular flow model, the business sector the factors of production (inputs) 9. in markets. demands; product supplies; product demands; resource supplies; resource a. Most of the mathematical calc subtraction, multiplication, or divisic (quantities). Students are often encc calculations. It may be necessary te example, to calculate average tota is equal to total cost divided by th produce 50 units of output, then Some students regard these rela the student's background and numbers and have difficulty k helpful. b. C. d. In the circular flow model, firms in the business sector product markets and demand; demand…
Microeconomics
3. Understanding the least-cost rule Alex runs a surfing school on the North Shore of Oahu. He has two inputs: surfboards, which he rents from a local shop for $10 per day, and surfing instructors, whom he hires for $50 per day. Alex has figured out that the marginal physical product (MPP) of the last instructor hired is 15 lessons, and the MPP of the last board used is 2 lessons. Which of the following statements is correct? a. Alex could lower his costs without reducing his output if he employed fewer instructors and used more surfboards. b. Any of these answers may be right, depending on the price of a lesson. c. Alex currently employs a cost-minimizing combination of surfboards and instructors. d. Alex could lower his costs without reducing his output if he employed more instructors and used fewer surfboards.
Question 4 There is now also another country, Foreign, there is a labor force of 800. Foreign's unit labor requirement in watermelon production is 5, while in kiwi production it is 1. a) how many units of watermelon can be produced? when the labor in Foreign country only produce watermelon. b) how many units of kiwi can be produced? When all the labor in Foreign country only produce kiwi. c) What is the opportunity cost of watermelon in terms of kiwi in Foreign country? d) Describe the pattern of trade. Home country should produce? Foreign country should produce? Why? e) Show that how both Home and Foreign country gain from trade.
5. If businesses pay higher wage rate to their workers, does it mean they will always have higher costs? Why? or why not?
2. Capital A F E G B D Labor If the firm wants to produce the output level represented by the isoquant Qo, would you recommend production at point E or F or G? Please explain.