Forecasting accuracy tends to decrease as the forecasting horizon increases.
Explanation—
It is harder to forecast far into the future. Accuracy is going to decrease because there are too many variables over more time. It is easier to forecast for just a few days in the future.
<span>A. According to the neoclassical theory, technical progress that increases the marginal product of farmers causes their real wage to rise.
B. The real wage in (a) is measured in terms of farm goods. That is, if the nominal wage is in dollars, then the real wage is W/PF, where PF is the dollar price of farm goods.
C. If the marginal productivity of barbers is unchanged, the their real wage is unchaged.
D. The real wage in (c) is measured in terms of haircuts. That is, if the nominal wage is in dollars, then the real wage is W/PH, where PH is the dollar price of a hair-cut.
E. If workers can move freely between being farmers and being barbers, then they must be paid the same wage W in each sector.
F. If the nominal wage W is the same in both sectors, but the real wage in terms of farm goods is greater than the real wage in terms of haircuts, then the price of haircuts must have risen relative to the price of farm goods.</span>
<span>they marched to demand better working conditions,more personal freedoms, and greater representation in government.</span>
B. 6 points
6 points or more will restrict the minor's license for 1 year to business purposes only.
Answer:
10.77%
Explanation:
FV: $1000
PV: $845.87
PMT: $60
Nper: 40 = (25 years - 5 years ago)* 2 for semi-annual payment
We use excel to calculate semi-annual discount rate by formula Rate(Nper,PMT,-PV,FV)
= rate(40,$60,-$845.87,$1000) = 7.18%
⇒ annual rate = semi-annual rate * 2 = 7.18% * 2 = 14.36%
after-tax cost of debt = 14.36% * (1 - 25%) = 10.77%
<em>Please see excel attached for the calculation</em>
