You will be given descriptions of people in various situations. Using this information, you are asked to place each individual into one of five categories: not in the labor force, structurally unemployed, seasonally unemployed, frictionally unemployed, and cyclically unemployed.
Robert has worked as a dishwasher for 15 years but has been fired because it has become cheaper to use a dishwashing machine. The only jobs available are in computer programming. Robert is:.
A) Not in the labor force
B) Structurally unemployed
C) Seasonally unemployed
D) Frictionally unemployed
E) Cyclically unemployed

Option B                  

Explanation:

Structural unemployment refers to the type of unintentional unemployment induced by some kind of disparity between both the skills that economic employees may provide, and the qualifications that companies require of employees. Structural joblessness is sometimes caused by changes in technology which outdated the job qualifications of several employees.

Structural unemployment becomes difficult to distinguish with frictional unemployment scientifically, other than to suggest it lasts much longer for every particular individual. Easy demand-side intervention, like with frictional unemployment, won't work to quickly eradicate this form of joblessness.

Total amount of Benson's product costs - $ 205,200

Explanation:

Computation of Benson's product cost

Materials Used                                                       $ 120,000

Wages for assembly line workers                        $   62,800

Property taxes for factory                                     $    14,000

Salary for factory manager                                   $      8,400

Total items considered for product costs           $ 205,200

The other data provided in the question i.e Rent and Utilities for administrative offices, CEO' s salary and depreciation on delivery equipment are of the nature of selling and administrative expenses, and thus is not included in product costs.