The answer is Bottom-Up estimates.
Bottom-up estimating involves the estimation of work at the lowest possible level of detail.
The estimates so calculated are then aggregated to arrive at summary totals. The probability to meet the estimated amounts improves substantially by building detailed cost and time estimates for a work package.
In other words, bottom-up estimating approximates an overall value by approximating values for smaller items and using the sum of these values as the overall value.
This cost estimation tool is often used when detailed information is available about lower-level activities. It can be especially useful when estimating projects that are similar to ones that were completed in the past.
Hence, a Bottom-Up estimate is a cost estimation tool that involves estimating individual work items or activities and summing them to get a project total.
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Answer:
(a)France is labor abundant because it has more workers than capital. Portugal is capital abundant because it has few workers and more capital
(b) Since France is labor abundant it should export cloth and import wine whil Portugal should export wine and import cloth.
Explanation:
Solution
Given that
(a) France as a country is labor abundant as compared to Portugal which is a capital abundant. this is because, France has more number of workers than capital and Portugal possess more capital than workers.
(b) With reference to Heckscher-Ohlin theorem, a capital abundant country should export capital intensive good and the labor abundant country should export labor intensive good.
France should export cloth and import wine since it is abundant. while Portugal should export wine and import cloth.
With this, both the countries will be utilizing their abundant factors of production in an effective way. this will increase the production of both the countries.
Answer:
(D) All of the above
Explanation:
Residents of rich countries are likely to have housing, healthcare and life expectancy in bigger quantities and better quality than residents of poor countries
Answer: $4.140 per gallon
Explanation:
Costs including wastage for 210 gallons:
3,300 ounces of grape concentrate at $0.03 per ounce:
= 
= 100
357 pounds of granulated sugar at $0.36 per pound
:
= 
= 151.2
294 lemons at $0.63 each = 
= 264.6
840 yeast tablets at $0.28 each = 840 × 0.28
= 235.2
1,050 nutrient tablets at $0.11 each = 1,050 × 0.11
= 115.5
3,100 ounces of water at $0.001 per ounce = 3,100 × 0.001
= 3.1
Hanks estimates that,
1% of the grape concentrate is wasted
15% of the sugar is lost
30% of the lemons cannot be used
Hence,
Cost for 210 gallons = 100 + 151.2 + 264.6 + 235.2 + 115.5 + 3.1
= $869.6
Hence, cost per gallon = 
= 
= $4.140 per gallon
Answer:
The total interest paid on this student loan will be equal to:
$
Explanation:
a) Data and Calculations:
Amount of loan = $30,000
Interest rate = 4.75%
Duration of loan = 5 years
Total interest = $30,000 * 4.75% * 5 = $7,125
b) Since interest is paid annually at the end of each year, this means that $1,425 will be paid each year for 5 years. This gives a total of $7,125 ($1,425 * 5). As a result, we can infer that this is a simple interest payment method, because the interests are not added to the principal. That is, the interest is not compounded. So, the calculation is based on the simple interest formula of principal by interest rate by number of periods.
