if an economy is experiencing a cyclical downturn and output does not return to the secular growth trend, the economy is said to
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Answer:
annual rate of return = 10.67 %
time required for investment double = 9.60 years
Explanation:
given data
investment doubles = 6 year
annual rate = 7.50%
solution
we get here annual rate of return by rule no 72 that is
investment doubles = ........1
put here value
annual rate of return =
annual rate of return = 10.67 %
so time required for investment double by rule 72
time required for double investment =
so time required for investment double = 9.60 years
Answer:
(a) 0.0085 rugs per dollar.
(b) 0.0069 rugs per dollar.
Explanation:
We have been given that Hokey Min's Kleen Karpet cleaned 75 rugs in October, consuming the following resources: Labor: 520 hours at $17 per hour.
(a) To find the labor productivity per dollar, we will divide number of rugs by amount spent on labor.
Therefore, the labor productivity is 0.0085 rugs per dollar.
(b) To find the multi-factor productivity, we will divide number of rugs by total cost or expenses.
Therefore, the multi-factor productivity is 0.0069 rugs per dollar.