Use the Following to Answer Questions

question 245

Multiple Choice

Use the following to answer questions :
Table: Unemployment and Employment Data
-(Table: Unemployment and Employment Data) Look at the table Unemployment and Employment Data. If marginally attached workers are included, the labor force in this economy is:

• A)170 million.
• B)103 million.
• C)100 million.
• D)98 million.

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Definitions:

Variable Manufacturing

Costs that vary directly with the level of production output, such as materials and direct labor costs.

Fixed Manufacturing

Costs associated with the manufacturing process that do not vary with production volume, such as rent, depreciation, and salaries of permanent staff.

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, reflecting the consumption of the asset over time.