If 250 Workers Are Unemployed for a Period of 1

question 114

Essay

If 250 workers are unemployed for a period of 1 month, 150 for the period of 6 months and 100 for the period of 12 months in a given year, how many spells and months of unemployment occur during a year?

---

Definitions:

Total Cost

The full price of manufacturing that incorporates both stable and changing expenses.

Diminishing Marginal Product

The economic principle stating that, holding all else constant, as more of a certain input is employed in a production process, the incremental increase in outputs will eventually decrease.

Bushels of Wheat

A unit of measure used in agriculture, particularly in the United States, for trading and pricing wheat.

Workers

Individuals engaged in a task or activity for wages or salary.