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3 years ago

How does lack of a good transportation system cause labour inefficiency (economics)

1 answer:

6 0

Because good transportation will provide jobs so if you do not have a good transportation system there will be lost jobs also a lack of good transportation will increase congestion on roads.

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Your grandfather tells you that he earned $7,000/year in his first job in 1961. You earn $35,000/year in your first job in 201

Juli2301 [7.4K]

Answer:

A. less than 5 times as much as your grandfather in terms of real income.

Explanation:

Nominal income is earning that does not take account of changes in price levels. Nominal income is the stated income. Real income considers the changes in inflation. Therefore, real income is nominal income after considering inflation effects.

If grandfather earned $7000 per year in 1961, and myself $35,000 in 2018, mathematically i earned five times more than him. The five times ($35,000/$7,000) is the stated amount without factoring in inflation. The difference between $35,000 and $7000 is the nominal difference because it is not adjusted for inflation. In we consider inflation, the real income is less than five times.

4 0

3 years ago

Carolyn bought 200 shares of stock at $30 per share ($6,000 total). She paid $3,000 in cash and borrowed $3,000 from the brokera

Alexeev081 [22]

Carolyn's net profit from her investment was <em>$1,805.</em>

<h3>Data and Calculations:</h3>

Investment in 200 shares at $30 per share = $6,000

Loan from brokerage firm = $3,000

Annual interest rate = 5%

Interest expense for 6 months = $75 ($3,000 x 5% x 6/12)

Proceeds from the sale of the investment = $8,000 ($40 x 200)

Commission to brokerage firm = $120

The Gross profit from the sale of the investment = $2,000 ($8,000 - $6,000)

The Net profit from the investment = $1,805 ($2,000 - $75 - $120).

Thus, Carolyn's net profit from her investment was <em>$1,805.</em>

Learn more about calculating the net profit here: brainly.com/question/4177260

6 0

2 years ago

The opportunity cost of the third bicycle is _____ tents.

skelet666 [1.2K]

The opportunity cost of the third bicycle is 20 tents.

What is opportunity cost?

The value or advantage forfeited by engaging in a specific activity in comparison to engaging in an alternative activity is known as the opportunity cost of that activity. Simply put, it means that if you choose one activity, you forfeit the chance to do another.

Therefore,

The opportunity cost of the third bicycle is 20 tents.

To learn more about opportunity cost from the given link:

brainly.com/question/3611557

4 0

2 years ago

Is a decline in the value of the real against the us dollar good for embraer, bad for embraer, or a mixed bag? explain your answ

avanturin [10]

The decline in value of the real towards the U.S. greenback changed into precise for Embraer due to the fact the components for the nearby jets cost much less once they were translated into reals, making it tremendously reasonably priced to produce. therefore, Embraer's earnings margins have been high.

A decline in value takes place in any 12 months in which the modern market fee of actual assets is less than its adjusted base year price as of the lien date, January 1.

A depreciating asset is an asset that has a restrained powerful existence and may fairly be predicted to say no in value over the time it's miles in use. equipment, gadgets,s and different gadgets along with computer systems and books are depreciating property.

For example, if an asset is used 40% of the time for a non-public motive, the deduction for its decline in value is decreased by 40%. The decline in fee of positive property costing $300 or less may be the value, this is, you may be entitled to an immediate deduction.

Learn more about the decline in value here

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3 0

1 year ago

Biologists want to know how many fish are in a certain lake. on january 1, they removed 600 fish from the lake and tagged them.

Alenkasestr [34]

Biologists collected a random sample of 850 fish and 25 of them had been previously tagged. 850 : 25 = 34. It means that about 1/34 of all the fishes in the lake had been tagged. Therefore 600 * 34 = 20,400.
Answer: Based on this experiment, in the lake lives 20,400 fishes.

5 0

3 years ago