Answer:
Annual increase in price=3.3%
Explanation:
Using the cumulative average growth formula, we can compute the average annual increase as follows;
Average annual increase =( Recent price/Initial price)^1/(n-1)
Initial price =$27,358. 8
Recent price = $21,808
n=8
Average annual increase= (27,358. 8/21,808)^(1/(8-1))=3.3%
Annual increase in price
Answer:
The answer is: Cost-Benefits Analysis
Explanation:
A cost benefit analysis is done to identify the benefits of an action as well as the associated costs. You then subtract the costs from benefits, and if the numbers are positive you know it´s a good project. But if the costs are too big and offset the benefits, then the project is no good.
In this specific case, you have to balance the cost of drinking an extra cup of coffee (how jittery or nervous it makes you feel) with the benefits of drinking that cup of coffee (all the extra work you can do). Usually someone will keep studying and drinking coffee until they just can´t bear standing awake. It also depends on how much you really need a good grade on that specific test.
Financial tension may arise from large scale migration of low skilled labor into developed countries due to:
- Decreasing wages as supply of labor increases
- Net fiscal costs related to social welfare increase
<h3>What is migration?</h3>
This is the movement of people from one country to another. Here, migration take place due to low wage rate being paid to workers, which is not sufficient to meet their daily needs.
There are several reasons for migration. However, the commonest are:
- People can enjoy better infrastructural facilities like good roads, stable power supply.
- The standard of living of the people can be enhanced.
- There will be access to education and job opportunities for the migrants.
When there is frequent migration, such situation can create financial tension or instability to the developing countries. This is because of large scale of low skilled labor that would leave the country and then move to developed countries.
Learn more about migration here: brainly.com/question/18259786
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Calculate total variable cost by multiplying the cost to make one unit of your product by the number of products you've developed. For example, if it costs $60 to make one unit of your product, and you've made 20 units, your total variable cost is $60 x 20, or $1,200.
Hope this helps have a great day :)
Answer:
$8,000
Explanation:
Consumption expenditures = $5,000
Wages = $3,500
Gross private domestic investment = $1,200
Government expenditures = $2,000
Exports = $900
Imports = $1,100
Through expenditure approach,
GDP = consumption (C) + investment (I) + government spending (G) + net exports (X – M)
= $5,000 + $1,200 + $2,000 + ($900 - $1,100)
= $8,200 - $200
= $8,000
