question 246
Multiple Choice
Table 15-2
2009 Labor Data for Baltivia
Number of adults Number of adults who are paid employees Number of adults who work in their own businesses Number of adults who are unpaid workers in a family member’s business Number of adults who were temporarily absent from their jobs because of an earthquake Number of adults who were waiting to be recalled to a job from which they had been laid off Number of adults who do not have a job, are available for work, and have tried to find a job within the past four weeks Number of adults who do not have a job, are available for work, but have not tried to find a job within the past four weeks Number of adults who are full-time students Number of adults who are homemakers or retirees 20,0008,0001,6001,0004002001,4007803,0003,620
-Refer to Table 15-2. How many people were in Baltivia's labor force in 2009?
Definitions:
Diseconomies of Scale
The phenomenon where production costs per unit increase as a firm's output expands, typically due to inefficiencies and increased complexity.
Average Total Costs
The total cost of production divided by the quantity of output produced; a measure of cost per unit of output.
Scale of Operations
The scope, size, or capacity at which a company or organization performs its activities, impacting costs, efficiency, and potential for growth.
Economies of Scale
Reductions in per-unit cost that organizations achieve through expanded production scales, where larger output volumes usually mean decreased costs per unit.