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aleksley [76]
3 years ago
12

The average rate of growth for slow-growth countries is around 2% per year, and for fast-growth, greater than 5% per year.Suppos

e the growth rate of the economy is 2%. The size of the economy roughly doubles every:a. 5 Yearsb. 10 Yearsc. 20 Yearsd. 35 Yearse. 50 Years or more
Business
1 answer:
Alexxandr [17]3 years ago
8 0

Answer:

It would take exactly 37 years

Explanation:

If we suppose that the economy starts at 10,000 billion dollars in 2020, the economy would only double by the year 2057, reaching a value of 20,399 billion dollars.

If we substract 2020 from 2057, we obtain 37, which is the number of years it took for this economy to double growing at a rate of 2% per year.

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Suppose Mary is in consumer equilibrium. The marginal utility of good A is 30, and the price of good A is $2.. . a. if the price
zimovet [89]
 Using formula: Marginal Utility=Change in Total Utility/Change in Quantity
<span>So, the marginal utility of each good will be 30/$2, or 15/$1.
Multiply this marginal utility by the price of each good/service to obtain the marginal utility per unit of good.</span>
<span>Since marginal utility of good A is given then by using this formula the the marginal utility of good B is 60 , MU of good C is 45 and MU of good D is 15</span>

7 0
3 years ago
A sportswear manufacturer is introducing a new line of sneakers. To introduce the new line, the company must pay out a fixed cos
Maurinko [17]

Answer:

Total revenue at breakeven is $1,508,042

Explanation:

Breakeven point in units  = Fixed cost / Selling price -Variable cost per unit

Breakeven point in sales revenue  = Fixed cost / (Selling price* x)- (Variable cost per unit * x)

In this case,  

Fixed cost= $1.5 million

Selling price =$75

Variable cost per unit =40 cents

Breakeven point in units  = 1,500,000 million/ 75 -0.4

Breakeven point in units  = 20,107

Breakeven point in units sales = 20,107 * 75

Breakeven point in units sales = $1,508,042

8 0
3 years ago
Axe company sponsors a 401(k) profit sharing plan with no employer match, but the company did make noncontributory employer cont
Vinil7 [7]

Answer:

d. $30,000.

Explanation:

Jack is entitled to 100% of his own contributions = $9,000 + $4,000 = $13,000

The following is the least generous vesting schedule

Least-generous graded vesting schedule

Years of service            % vested

1                                             0%

2                                          20%

3                                          40%

4                                           60%

5                                          80%

6                                         100%

Since jack worked for 57 months, he is entitled to 100% of the employer's contributions = $12,000 + $5,000 = $17,000

Total account balance = $13,000 + $17,000 = $30,000

6 0
3 years ago
Globus Autos sells a single product. 8 comma 3008,300 units were sold resulting in $ 84 comma 000$84,000 of sales​ revenue, $ 24
ryzh [129]

Answer:

$59,000

Explanation:

We will first determine the variable cost per unit

= $24,000/300

= $80

Contribution margin percentage =

$280 - ($80 - $1.10)/$280

= 0.72

= 72%

New break even point = $18,000/72%

= 25,000

Old break even point =

($280 - $80)/280

= 0.71

= 71%

= $18,000/71%

= $25,352

Margin of safety = $84,000 - $25,000

= $59,000

6 0
3 years ago
Joint products A and B emerge from common processing that costs $108,000 and yields 3,200 units of Product A and 2,000 units of
Yuliya22 [10]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Joint products A and B emerge from common processing that costs $108,000 and yields 3,200 units of Product A and 2,000 units of Product B. Product A can be sold for $200 per unit. Product B can be sold for $160 per unit.

Total sale= 1,040,000

Product A= 640,000/1,040,000= 0.61

Product B= 0.39

Cost allocated

Product A= 0.61*108,000= 65,880

Product B= 0.39*108,000= 42,120

4 0
3 years ago
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