Examlex

Solved

Table 15-2
2009 Labor Data for Baltivia -Refer to Table 15-2

question 246

Multiple Choice

Table 15-2
2009 Labor Data for Baltivia
 Number of adults 20,000 Number of adults who are paid employees 8,000 Number of adults who work in their own businesses 1,600 Number of adults who are unpaid workers in a family member’s business 1,000 Number of adults who were temporarily absent from their jobs because of an earthquake 400 Number of adults who were waiting to be recalled to a job from which they had been laid off 200 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 1,400 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 780 Number of adults who are full-time students 3,000 Number of adults who are homemakers or retirees 3,620\begin{array}{|l|l}\hline \text { Number of adults } & 20,000 \\\hline \text { Number of adults who are paid employees } & 8,000 \\\hline \text { Number of adults who work in their own businesses } & 1,600 \\\hline \text { Number of adults who are unpaid workers in a family member's business } & 1,000 \\\hline \text { Number of adults who were temporarily absent from their jobs because of an earthquake } & 400 \\\hline \text { Number of adults who were waiting to be recalled to a job from which they had been laid off } & 200 \\\hline \begin{array}{l}\text { Number of adults who do not have a job, are available for work, and have tried to find a job } \\\text { within the past four weeks }\end{array} & 1,400 \\\hline \begin{array}{l}\text { Number of adults who do not have a job, are available for work, but have not tried to find a job } \\\text { within the past four weeks }\end{array} & 780 \\\hline \text { Number of adults who are full-time students } & 3,000 \\\hline \text { Number of adults who are homemakers or retirees } & 3,620\end{array}

-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.

Related Questions