If the economy's real GDP doubles in 9 years, we can conclude that its average annual rate of growth is 8%.
<h3>How can we determine average annual rate of growth?</h3>
The rule of 72 can be used to determine when the real GDP of an economy would double. In order to determine the doubling time, divide 72 by average annual rate of growth.
average annual rate of growth = 72 / average annual rate of growth
72 / 9 = 8%
To learn more about real GDP, please check: brainly.com/question/15225458
False. If you say that you have had a positive work experience, it will seem as though you are skilled in that field.
C I am pretty sure goodluck
Answer:
The net income will increase by $6,712 if the subcomponent is purchased.
Explanation:
Giving the following information:
Swifty Corporation incurs the following costs to produce 9900 units of a subcomponent:
Direct materials $8316
Direct labor 11187
Variable overhead 12474
Fixed overhead 16200
Total cost= $48,177
An outside supplier has offered to sell Swifty the subcomponent for $2.85 a unit.
Swifty could avoid $3000 of fixed overhead by accepting the offer.
We need to calculate the total cost of buying the subcomponent:
Buy:
Total cost= 9,900*2.85 + (16,200 - 3,000)= $41,415
The net income will increase by $6,712 if the subcomponent is purchased.
