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a_sh-v [17]
3 years ago
13

Suppose that a person's nominal income rises from $10,000 to $12,000 and the consumer price index rises from 100 to 105. The per

son's real income will:
A) Fall about 20 percent

B) fall about 2 percent

C) Rise about 15 percent

D) Rise about 25 percent.
Business
1 answer:
Kazeer [188]3 years ago
8 0

Answer:

C) Rise about 15 percent

Explanation:

The computation of the increase or decrease of real income is shown below:

Initial income equals to

= Nominal income ÷ Consumer price index

= $10,000 ÷ 100

= 100

If it increases, then it would be

= Nominal income ÷ Consumer price index

= $12,000 ÷ 105

= 114.28

So, the real income is increased from

= 114.28 - 100

= 14.28 approx i.e 15 percent

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Alinara [238K]
The total revenue and the marginal revenue when he sells the 100th pound of apples is 
total revenue is $200 (100 * 2) and marginal revenue is $2 (the price of the apple per pound in the market)

So the answer is the total revenue of Dimitri is $200 while the marginal revenue is $2.
4 0
4 years ago
when commercial farming proposals have promised more jobs in zambia, why have there been job losses at the farm taken over by ch
bekas [8.4K]

The commercial farms have not offered assistance to the nearby subsistence farmers.

<h3>What is commercial farming?</h3>

Commercial farming is done to cultivate crops and cattle in order to gain money. Crops can be sold directly to consumers and businesses or processed into products like juices, jellies, pickles, and other foods.

Commercial agricultural practices: the raising of animals and food for market, frequently utilizing current technology.

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For more information about commercial farms, click here:

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4 0
1 year ago
Novak Corporation amended its pension plan on January 1, 2020, and granted $152,280 of prior service costs to its employees. The
m_a_m_a [10]

Answer:

26762.74

Explanation:

Prior service cost amortization for 2020 can be calculated by first calculating the average time until the employee's retirement. After calculating the average time until retirement we will divide the service cost at that time

Workings

average time until retirment  = 1880/330

average time until retirment = 5.69 years

prior service cost amortization for 2020 = $152,280/5.69

prior service cost amortization for 2020 = $26762.74

3 0
3 years ago
Nelson Manufacturing has the following data:
rusak2 [61]

Answer:

c. $500,000 + .40X = X

Explanation:

Please see attachment

3 0
3 years ago
There are approximately 1 billion people living in India. It is estimated that only about 200 million of these people earn more
inysia [295]

<u>Full question:</u>

There are approximately 1 billion people living in India. Only about 200 million of these people earn more than the equivalent of $1,000 per year. According to Maslow's hierarchy, most of the other 800 million Indian consumers are primarily addressing their __________ needs.

a. social

b. esteem

c. psychological

d. physiological

e. Personal

<u>Answer:</u>

According to Maslow's hierarchy, most of the other 800 million Indian consumers are primarily addressing their physiological needs.

<u>Explanation:</u>

Abraham Maslow's 'Hierarchy of Needs' offers a five-stage design of the impulses following human behavior. At the base of this hierarchy endure our primary, survival-ensuring necessities, which Maslow pointed to as our physiological needs. If certain needs are not convinced the human body cannot function optimally.

The primary physiological needs are fairly apparent—these cover the items that are essential to our survival. To progress over the other stages of the hierarchy, we necessity primary perform these primary needs.

8 0
3 years ago
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