Logistic growth involves population growth continuing forever
What is logistic growth?As a population grows closer to the carrying capacity, a restriction imposed by finite resources, logistic growth occurs when the rate of per capita increase declines ( K).Populations grow logistically when resources are scarce. When resources become scarce, population growth slows down and levels off when the environment can no longer support any further growth, creating an S-shaped curve known as logistic growth.His description of arithmetic and geometric growth, whose curve he refers to as a logarithmic curve rather than the more commonly used word exponential curve, comes before his growth model, therefore "logistic growth" is probably termed by comparison.To learn more about logistic growth refer to:
https://brainly.com/question/2102628
#SPJ4
which of the following contributed most directly to an increase in trade along the routes on the map?
The expansion of empires like Mali in West Africa was a major factor in the increase in trade along the routes depicted on the map.
What is trade?Transferring products and services from one person or institution to another includes trade, frequently in exchange for cash. A system or network that permits trading is referred to as a market by economists.Bartering, or exchanging products and services directly for other commodities and services, was an early type of trade that took place before the invention of money. Nowadays, most trade agreements are reached using a medium of exchange, like money. Bilateral trade is trade between two traders, whereas multilateral trade is a trade involving more than two dealers. The rise in trade along the routes shown on the map was primarily caused by the growth of empires like Mali in West Africa.Therefore, the expansion of empires like Mali in West Africa was a major factor in the increase in trade along the routes depicted on the map.
Know more about trades here:
https://brainly.com/question/17727564
#SPJ4
Suppose the Fed doubles the growth rate of the quantity of money in the economy. In the long run, the increase in money growth will change which of the following? Check all that apply.
1). The level of technological knowledge
2). The price level
3). The size of the labor force
4). The quantity of physical capital
Answer 2
In the long run, the increase in money growth will change which of the following is the price level.
The longer term is the duration throughout which all inputs are variable. For example, believe a company, Best Bats, that makes timber baseball bats. In the quick run, Best Bats has constant in addition to variable inputs.
One constant enter is the dimensions of its manufacturing unit and machines. “In the longer term” is correct. If a person is “at the run” - now no longer the longer term, simply the run - they may be actively looking to preserve from being stuck with the aid of using a pursuer. They can be looking to prevent the police; they'll be looking to prevent a crook or institution of criminals who need to damage them.
Learn more about longer term here:
https://brainly.com/question/3729664
#SPJ4
Flexible Budget Application The polishing department of Taylor Manufacturing Company operated during April 2016 with the following manufacturing overhead cost budget based on 5,000 hours of monthly productive capacity Taylor Manufacturing Company Polishing Department Overhead Budget (5,000 Hours) For the Month of April 2016 Variable costs: Factory supplies $100,000 ndirect labor 152,000 68,000 296,000 Patent royalties on secret process Total variable overhead $616,000 Fixed costs: Supervisory salaries 60,000 Depreciation on factory equipment 44,000 Factory taxes 48,000 Factory insurance 32,000 80,000 Utilities (base charge) 464,000 Total fixed overhead $1,080,000 Total manufacturing overhead The polishing department was operated for 4,600 hours during April and incurred the following manufacturing overhead costs Factory supplies $97,520 136,160 Indirect labor utilities (usage factor) 82,800 Utilities (base factor) 96,000 Patent royalties 280,416 168,000 Supervisory salaries Depreciation on factory equipment 44,000 Factory taxes 56,000 32,000 Factory insurance $1,092,896 Total manufacturing overhead incurred
Total manufacturing overhead incurred
Budget 4,600 Hours:
Factory Supplies = $100,000 × 4,600/5,000 = $92,000
Indirect labor = $152,000 × 4,600/5,000 = $139,840
Utilities = $68,000 × 4,600/5,000 = $62,560
Patent royalties = $296,000 × 4,600/5,000 = $272,320
manufacturing is the introduction or production of products with the assist of system, hard work, machines, tools, and chemical or organic processing or formula. it's miles the essence of secondary zone of the financial system.[1] The time period may additionally talk to a variety of human interest, from handicraft to excessive-tech, however it is maximum usually carried out to commercial layout, in which raw substances from the number one quarter are transformed into finished items on a massive scale.
Learn more about manufacturing here
https://brainly.com/question/13440987
#SPJ4
TRUE/FALSE a budget surplus is the: multiple choice amount of net revenue a government brings in beyond what it spends.
The statement is True. A budget Surplus is a cash that is required to acquire planned expenses. The state presently includes a $3 million budget surplus.
A government budget surplus is associated more than government revenues over government payment throughout a given amount of your time. A budget surplus could be an amount once financial gain or receipts exceed outlays or expenditures. A budget surplus usually refers to the money states of governments; people like better to use the term 'savings' rather than the term 'budget surplus. ' A surplus is a sign that the govt is being effectively managed.
A budget surplus arises as a result of the government's revenues exceeding its expenditures. it's possible to happen if: Government revenues increased quite budgeted expenditures. Government revenues square measure unchanged compared to before, however, the govt is paying less.
To learn more about Budget Surplus, visit here
https://brainly.com/question/10876388
#SPJ4
suppose that roses are produced in a perfectly competitive, increasing-cost industry in long-run equilibrium with identical firms. (a) draw correctly labeled side-by-side graphs for the rose industry and a typical firm and show each of the following.
When there are no changes in the number of firms in the market and when all firms are making zero economic profits, a perfectly competitive market reaches long-run equilibrium.
Because there are numerous buyers and sellers in perfectly competitive markets, each company is so small relative to the industry that its production choices have no effect on the market price. In long-term equilibrium, a perfectly competitive firm generates the output level that reduces the average total cost.
Learn more about competitive
https://brainly.com/question/15685946
#SPJ4
the entry to record the payment of 6-months of interest on a note in which 2 months of interest was recorded as an adjusting entry in the prior accounting period includes . (select all that apply.)
Cash 105
Sales Revenue 100
Sales Tax Payable 5
A tax is a obligatory financial rate or some different form of levy imposed on a taxpayer (an person or criminal entity) by using a governmental corporation to be able to fund government spending and diverse public fees (local, neighborhood, or country wide),[2] and tax compliance refers to coverage movements and character behaviour aimed at making sure that taxpayers are paying the right amount of tax at the right time and securing the correct tax allowances and tax reliefs.[3] the first recognized taxation came about in historic Egypt round 3000–2800 BC.
Learn more about Tax here
https://brainly.com/question/25783927
#SPJ4
all financial accounts, regardless of their nature, provide a way to deposit and withdraw money. define an interface named account that specifies the following methods: a public method named deposit with a parameter of type cash. the method should return a boolean value. a public method named withdraw with a parameter of type cash. the method should return a boolean value.
It consists of a number of impersonal techniques.A class inherits the abstract methods of an interface when it implements it.
What is in an interface?The following can be used to describe the code in question:This code creates a class called "BankAccount" that derives from the "Account" interface.We use the implements keyword to pass a class along to an interface when we want to inherit from it.In this class, balance is a defined integer variable.Next, we create a constructor with parameters.We supply a parameter for this constructor that is an integer variable named "x".The balance variable is used to store the constructor parameter value in this constructor..A deposit() and withdraw() function is then defined (). We supply the integer variable "x" as a parameter to both functions.We calculate the value and return it via the deposit() function using the balance variableas well as conditional statements in the withdraw() function.This determines whether the value of the function argument, x, is less than the balance, at which point the balance is calculated, and a true value is returned.or else we return false.To learn more about interface refer
https://brainly.com/question/13963061
#SPJ4
money can serve as a(n): multiple choice valuation tool. alternative to credit. medium of exchange. completely fixed unit of measurement.
Money can serve as a medium of exchange. Here option C is the correct answer.
Anything used as a means of exchange is considered to be money. Money may also be used as a store of value and as a unit of account. There may or may not be an intrinsic worth to money. Commodity money has intrinsic value because it is useful for both trade and other purposes.
It enables both individuals and organizations to get what they require to survive and prosper. Bartering was a kind of transaction that existed before money was created. Money has value because it typically embodies something worthwhile for most people, much like gold and other precious metals do.
To learn more about Money
https://brainly.com/question/14253896
#SPJ4
the most commonly injured bursa in the shoulder is the: question 16 options: subcoracoid bursa biceps bursa subscapularis bursa subacromial bursa
One of the largest bursae in the body, the subacromial bursa is the one that sustains the most injuries. It is located near the top of the shoulder.
Explain about the Subacromial bursa?By preventing attrition wear between the humeral head and the acromion, the subacromial bursa fulfils its purpose of preserving the supraspinatus muscle underneath. The bursa may, however, become irritated and inflamed by repetitive motion, which will result in bursitis.
You can experience shoulder discomfort and stiffness if you have subacromial bursitis. You might be awake at night from the pain if it's severe enough. Swelling and redness could also be present. Especially on the front side or upper third of your arm, your shoulder could feel sensitive to the touch.
It frequently cures within months, is common, and can be treated. Recovery might go more quickly with rest and mild activity. The bursae become irritated and inflamed in bursitis.
To learn more about subacromial bursa refer to:
https://brainly.com/question/27960674
#SPJ4
According to the eclectic paradigm, __________ is/are of considerable importance in explaining both the rationale for and the direction of foreign direct investment.
location-specific advantages
According to the eclectic paradigm, the monetary is/ are of considerable importance in explaining both the rationale for and the direction of foreign direct investment.
The eclectic paradigm takes a holistic technique to analyze entire relationships and interactions of the various additives of an enterprise. The intention is to determine if a particular method presents a greater universal fee than another to be had country-wide or global choices for the manufacturing of goods or services.
Learn more about The eclectic paradigm here - brainly.com/question/29562310
#SPJ4
which of the following are arguments former legislators make to defend taking lobbying jobs after leaving office? correct answer(s) drag appropriate answer(s) here they are in the best position to educate legislators. press space to open they have a right to make a living. press space to open they possess unique knowledge. press space to open they are public servants who do not personally profit from their backgrounds. press space to open incorrect answer(s) drag
Arguments that former legislators make to defend taking lobbying jobs - they have a right to make a living, they are in the best position to educate legislators, they possess unique knowledge.
A legislator, especially one who is a representative of a legislature, is a person who drafts and passes laws (also called as a deputy or lawmaker). Legislators are frequently chosen by the state's citizens. Legislative bodies can indeed be local, national, or supranational (such as the European Parliament or the United States Congress) .
Their authority may extend to enacting laws, deciding how much money the government should spend, approving executive nominations, ratification treaties, looking into the executive branch, try to impeach and dismissing officials of the executive and judicial branches, and resolving constituent complaints.
Learn more about legislators here:
https://brainly.com/question/7670571
#SPJ4
bonds which require the face value (principal) amount to be paid back in installments over the life of the bond are called
Bonds that require the face value (principal) amount to be paid back in installments over the life of the bond are called Option(e) Serial bonds.
What are Serial Bonds?Serial bonds are multiple debt issues maturing at staggered intervals before all segments are fully repaid.
There is simultaneous issuance of each maturation segment in a serial bond, and the repayment schedule is detailed in the prospectus.
A serial bond does not utilize sinking funds but instead relies on revenues generated from the project the bond finances, making it particularly popular for municipal bonds.
Answer Choices:a. Callable Bonds
b. Convertible Bonds
c. Secured Bonds
d. Term Bonds
e. Serial Bonds
f. Unsecured Bonds
To Learn more about serial bonds:
https://brainly.com/question/19051935
#SPJ4
What is opportunity cost as used in agriculture?.
The opportunity cost is the income foregone by not renting it to a neighbor.
What is opportunity cost?The value of the next-highest-valued alternative use of a resource is what economists mean when they talk about its "opportunity cost." You cannot, for instance, read a book at home during the time you would have spent seeing a movie and spend the money you would have spent on something else.
Professionals in agriculture are not limited to farmers and ranchers. This industry offers opportunities in a variety of disciplines, including science, engineering, finance, marketing, and exporting. As the production and processing of food and fiber have gotten more specialized and sophisticated, careers in these fields have expanded.
Opportunity cost is the difference between the value of a different option and the value of the one that is selected.
To learn more about opportunity cost refer to:
https://brainly.com/question/1549591
#SPJ4
Fill in each blank with the correct number from the table. Based on the data in the table, the opportunity cost for country a to produce 16 units of petroleum is units of seafood. The opportunity cost for country b to produce 8 units of petroleum is units of seafood.
A good example of opportunity cost is selecting public transit over driving one's own automobile to reach a specific location because you end up saving money that would otherwise need to be spent on fuel.
What is opportunity cost for country ?The value or advantage forfeited by engaging in a specific activity in comparison to engaging in a different activity is known as the opportunity cost in microeconomic theory.
Simply put, it indicates that by choosing one course of action (such making an investment), you are forgoing the chance to choose an other course of action.
The best activity is the one that, after deducting opportunity costs, has the highest return when compared to all other activities. For instance, if you purchase a car and use it solely for personal transportation, you are not permitted to rent it out; however, if you do, you are not permitted to use it for personal transportation. If the price of your own transportation exceeds the amount you
Hence, A good example of opportunity cost is selecting public transit over driving one's own automobile to reach a specific location because you end up saving money that would otherwise need to be spent on fuel.
learn more about opportunity cost click here:
https://brainly.com/question/25553599
#SPJ4
Answer: first one: 8, eight and second one : 8, eight
Explanation: i got it correct
What are five weaknesses of a command economy?.
It requires a sizable decision-making bureaucracy, and the bureaucracy lacks the flexibility to handle minor day-to-day issues. These are the five main drawbacks of a command economy.
What is meant by command economy?A command economy, on the other hand, is one where all the factors of production are controlled by a centralized government that owns most, if not all, of the businesses. Command economies can be seen in East Germany, North Korea, and the former Soviet Union. In a command economy, the means of production are under the control of a single, centralized government, which also sets the desired level of output. The rule of supply and demand governs output and pricing in free-market economies, which are in contrast to command economies.A command economy is one in which the government has complete authority over the market it regulates.To learn more about command economy, refer to:
https://brainly.com/question/26262298
#SPJ4
the economic burden of a tax is the: laws governing sales taxes in a country. burden created by the change in after-tax prices faced by buyers and sellers. percentage increase in the tax on an item. government-designated burden of a tax payment.
Tax incidence refers to the distribution of the tax burden between buyers and suppliers.
What does a tax cost the economy?
An illustration of how a tax affects the economy is as follows:
legislation that controls a country's sales taxes. burden that buyers and sellers must bear as a result of the change in after-tax prices. % increase in tax rates. the price tag assigned by the government to paying taxes.
Tax incidence or tax burden in economics refers to how a particular tax affects how economic wellbeing is distributed. The contrast between people who first pay taxes and those who do so in the end is one that economists draw.
To know more about Tax
Visit:
https://brainly.com/question/16423331
#SPJ1
n discounted cash flow analysis, the industry standard for pro forma cash flow projections of investment properties is typically:
In discounted cash flow analysis, the industry standard for pro forma cash flow projections of investment properties is typically: "10 years".
What is Pro Forma Cash Flow?
A pro forma cash flow statement refers to a type of cash flow statement. When drafting this statement, businesses project the cash inflow and outflow expected in the future over specified periods. A typical cash flow statement tracks cash inflows and outflows over a current period rather than projected.
Businesses can also create pro forma balance sheets and income statements, and a pro forma cash flow statement helps validate them. For example, it may project insufficient cash flow. This result tells management that the business may not have enough cash to support plans related to the other two statements.
To know more about Pro Forma Cash Flow, click on the link given:
https://brainly.com/question/13218547
#SPJ4
a retailer inflated the price of its leather jackets so that when it put the jackets on sale, it appeared to customers that they were getting a better deal than they really were. this is an example of what pricing strategy?
Extortionate prices. When a retailer put its leather jackets on sale, it exaggerated the price of the jackets so that buyers would think they were getting a better deal than they actually were.
What does prestige pricing look like?Nike is the ideal illustration of a business that successfully employs prestige pricing, a pricing strategy in which prices are set higher than usual since lower prices will actually hinder sales.
What happens when you multiply the cost per unit by the quantity of units sold?The sum of a company's sales during a reporting period is its revenue. It represents a measurement of a company's gross activity, which is the average unit price charged to customers multiplied by the quantity of units supplied. Typically, when either goods or services are sold, revenue is generated.
To Know more about measurement
https://brainly.com/question/2107310
#SPJ4
which of the statements below is false? a recession cannot usually be seen in gdp. the nber provides data regarding when recessions start and end. sometimes gdp can shrink quite a bit. a recession is a significant decline in economic activity.
The statement which is false is a recession cannot usually be seen in gdp
A significant, pervasive, and protracted decline in economic activity is referred to as a recession. Although more complicated formulas are also used, a general rule of thumb is that two consecutive quarters of negative gross domestic product (GDP) growth indicate a recession. Recessions are marked drops in economic activity that can endure for several months or even years. When a country's economy experiences negative gross domestic product (GDP), rising unemployment, declining retail sales, and contracting income and manufacturing measures over an extended period of time, experts declare a recession. Recessions are regarded as an inevitable component of the economic cycle or the predictable rhythm of expansion and recession in a country's economy.
To know more about recession
https://brainly.com/question/14737261
#SPJ4
when you are considering renting an apartment or house, almost all landlords will require that you pay a refundable security deposit. the need for landlords to charge a security deposits reflects . in particular, since tenants do not own the property in which they live, .
In an apartment or house, almost all landlords will require that you pay a refundable security deposit. The need for landlords to charge a security deposits reflects are the moral hazard.
What is landlords?The landlords own the land. The landlords' property is included in the rent. A landlord is anybody who rents out a property they own for a period of less than seven years through a lease or a license.
According to the landlords, security fees are advanced are called the moral hazard. Tenants do not own a home, hence they may act in such a way that it is ruined. Since of the security risk, a person will not act in the right method towards that because it is a protected deposit.
As a result, the need for landlords to charge a security deposits reflects are the moral hazard.
Learn more about on the landlords, here:
https://brainly.com/question/28320575
#SPJ1
What should be the role of government in relation to business and industry?.
The role of government in relation to business and industry is that the government attempts to shape business practices through both, directly and indirectly, implementing rules and regulations.
The government most often directly influences organizations by establishing regulations, laws, and rules that dictate what organizations can and cannot do. The government also plays an important role in a business that includes protecting the consumer or customer. Most businesses need to register with a state government to operate. Corporations need a charter and other forms of businesses, such as limited liability companies or partnerships, need other forms of registration. Government policy can influence interest rates, a rise in which increased the borrowing cost.
The government can be a friend of business, providing it with financial, advisory, and other services.
Learn more about the role of government in business and industry here:
https://brainly.com/question/3450277
#SPJ4
however, when comparing the net increase in cash she calculated to the actual difference in the beginning and ending balance of the cash account, they did not agree. why?
The comparing the net increase in cash he calculated to the actual difference in the beginning and ending balance of the cash account is net income and net cash provided by operating activities are usually not equal, because net income includes some noncash transactions.
Net cash flow is the gain or loss of money over a time period (after all debts have been paid). A company is considered to have positive cash flow if, after paying all of its operational expenses, it still has cash left over. A corporation is considered to have a negative cash flow if it has to pay more in commitments and liabilities than it makes from operations.
A negative cash flow simply indicates that the funds received for that time period were inadequate to fulfill the firm's commitments for that same time period. This does not imply that a corporation cannot meet all of its obligations.
The above question is incomplete, the complete question is:
When preparing the statement of cash flows, Nikolai calculated the following amounts: However, when comparing the net increase in cash he calculated to the actual difference in the beginning and ending balance of the Cash account, they did not agree. Why?
A : Net cash provided by investing activities should be added to the total rather than subtracted from the total.
B : Net income and net cash provided by operating activities are usually not equal, because net income includes some noncash transactions.
C : Net cash used by financing activities should be subtracted from the total rather than added to the total.
D : Net income includes net cash from all three types of activities, so the financing and investing activities should not be considered in the net change in cash.
To know more about Net Increases in Cash Flow here
https://brainly.com/question/24278319
#SPJ4
in the selection procedure of a firm, an applicant must obtain a minimum passing score on two different assessment methods before being allowed to continue in the hiring process. what type of assessment plan is being used?
Multiple hurdles option is used in the selection procedure of a firm, an applicant must obtain a minimum passing score on two different assessment methods.
What do you think of as assessment?Assessment serves as the scientific basis for making judgments about students' learning and growth. It involves identifying, selecting, designing, compiling, analyzing, and applying information in order to enhance students' learning and development.
What aims does evaluation to achieve?In order to evaluate the learning process, assessments aim to collect relevant information regarding student performance, progress, or interests. An assessment can be defined as a declaration of the value of a property, often for tax purposes.
To know more about Assessment visit:
https://brainly.com/question/28046286
#SPJ4
raj works for an automotive company. he devises long-term plans, performs thorough analyses, and makes decisions for the company. given the activities he performs, raj is most likely to be a .
Raj works for an automotive company. he devises long-term plans, performs thorough analyses, and makes decisions for the company. given the activities he performs, raj is most likely to be Performance management .
Performance management is the process of ensuring that a set of activities and results achieve organizational goals in an effective and efficient manner. Performance management can focus on the performance of processes in place to manage an entire organization, departments, employees, or specific tasks.
Ongoing process of communicating and clarifying roles, priorities, performance expectations and development plans to optimize individual performance and align with the strategic objectives of the organization.
Examples of performance management processes or tools include performance reviews, key performance indicators (KPIs), and management dashboards. At its core, performance management is what companies do to become more successful and stay ahead of their competitors.
Learn more about Performance management https://brainly.com/question/14506325
#SPJ4
the pet store experienced the following events for the year 1 accounting period: acquired $50,000 cash from the issue of common stock. purchased $71,000 of inventory on account. received goods purchased in event 2 fob shipping point; freight cost of $1,280 paid in cash. sold inventory on account that cost $32,500 for $60,000. freight cost on the goods sold in event 4 was $1,140. the goods were shipped fob destination. cash was paid for the freight cost. customer in event 4 returned $5,700 worth of goods that had a cost of $2,900. collected $49,200 cash from accounts receivable. paid $53,700 cash on accounts payable. paid $3,470 cash for advertising expense. paid $3,840 cash for insurance expense. required which of these events affect period (selling and administrative) costs? which result in product costs? record the above events in a horizontal statement model. in the cash flow column, use oa to designate operating activity, ia for investment activity, fa for financing activity, or nc for net change in cash. if the element is not affected by the event, leave the cell blank. the first event is recorded as an example.
Freight cost on the good sold in event for was $1140. The goods were shipped FOB destination. Cash was paid for the freight cost.
the method of deducting the cost of tangible personal and real property over its useful life is . the method of deducting the cost of intangible asset
The process for subtracting the price of tangible personal and real property throughout the course of its useful life is. the process for subtracting amortization costs for intangible assets.
What does amortization mean?An accounting technique called amortization is used over a set period of time to gradually lower the book value of a loan or other intangible asset. The goal of loan amortization is to postpone loan payments over time. In terms of how it impacts an asset, amortization is similar to depreciation.
What does it mean to amortize?Amortize comes from the Vulgar Latin verb amortize, which means "to murder," via Middle English and Anglo-French. The Latin term mors, which means "death," is a derivative of amortize; it is connected to our word "murder" and gave us a word for a type of body.
To know more about amortization visit :
https://brainly.com/question/24232991
#SPJ4
related party transactions often include loans to officers and directors. auditors are most concerned with related to these transactions
Related party transactions often include loans to officers and directors. auditors are most concerned with related to these transactions is to obtain sufficient appropriate audit evidence to determine whether related parties and relationships and transactions with related parties have been properly identified, accounted for, and disclosed in the financial statements.
Evidence is referred as the available body of facts or information indicating whether a belief or proposition is true or valid.
In related party transactions an arrangement is made between two parties that have a preexisting business relationship.
Therefore, the objective of the auditor is to obtain sufficient proper audit evidence to determine whether related parties and relationships and transactions with related parties have been properly identified, accounted for, and disclosed in the financial statements.
To know more about Evidence, click below-
https://brainly.com/question/14977891
#SPJ4
What does the Human Development Index measure? Measures quality of life indicators in diff countries, Depicts the level of income inequality in a country as a graph, Measures the level of income inequality in a country, or Measures the % of people looking for work and able to do so?
The HDI measures a nation's average performance in three fundamental facets of human development health, knowledge, and standard of living.
Explain about the Human Development Index?The four following factors mean years of schooling, predicted years of schooling, life expectancy at birth, and gross national income (GNI) per capita are used by the Human Progress Index (HDI) to gauge the social and economic development of each nation.
To calculate a country's total development, social development metrics must be established. The Human Development Index is widely regarded as one of the most accurate ways to assess how well a nation is performing in terms of these factors because it measures socioeconomic factors.
The Human Development Index (HDI) offers a single index measure to capture three essential aspects of human development: access to information, a long and healthy life, and a reasonable level of living.
To learn more about Human Development Index measure refer to:
https://brainly.com/question/13353437
#SPJ4
suppose that the following quantities of goods and their prices represent a typical college student's spending at two different times. what was the inflation rate from 2017 to 2018 according to the price indexes you derived from the question above?
The price indexes you derived from the question above is 1.3.
To locate the CPI in any 12 months, divide the price of the marketplace basket in 12 months t with the aid of using the price of the identical marketplace basket withinside the base 12 months. The CPI in 1984 = $seventy-five/$seventy-five x a hundred = a hundred The CPI is simply an index fee and it's miles listed to a hundred withinside the base 12 months, in this example 1984.
So costs have risen with the aid of using 28% over that 20 12 months period. Does the proportion extrude in costs among years extrude while the bottom 12 months is modified from Year 1 to Year 2? No Why or why not? Only the bottom is modified. The relative rate adjustments are the identical.
Learn more about costs here:
https://brainly.com/question/28147009
#SPJ4
since a monopolistically competitive firm faces a downward-sloping demand curve for its product, its price will be:
Since the demand curve for a monopolistically competitive firm's product slopes downward, the price will be higher than the marginal revenue.
Monopolistic competition occurs when numerous companies offer comparable but subpar alternatives to each other's goods or services. The barriers to entry are low in monopolistic competitive industries, and decisions made by one firm do not immediately affect those of its competitors.
Fewer entry hurdles, an active business environment, customers' access to a wide range of goods and services due to their differentiation, consumers' awareness of the goods and services available on the market, and improved product quality are all advantages of monopolistic competition.
Learn more about Monopolistic competition here:
https://brainly.com/question/28189773
#SPJ4
