Answer: The answer is 6.68%
Explanation:
Using the z value formula
Z = x - mean / standard deviation
x = $47,500
Mean = $40,000
Standard deviation = $5,000
= 47,500 - 40,000 / 5,000
= 7,500 / 5,000
= 1.5
Then we look for z value of 1.5 to the left of normal distribution table because the probability is at least
The z value is 0.0668
0.0668 × 100
= 6.68%
Therefore the probability that an individual with an MBA degree will get a starting salary of at least $47,500 is 6.68%
Answer:
D). The price level and leave real output unchanged.
Explanation:
The long-run impact of an increase in household consumption is to elevate 'the price-level and leave real output unchanged.' The increased consumption would lead to a rise in demand which will correspond to an increase in out and decrease in unemployment.
As per the long-run self-adjustment mechanism, this shock in the economy will lead to inflation while the increase in Aggregate demand would correspond to an increase in prices and GDP. The inflation would increase the labor charges and therefore, the firms would produce less and it keeps falling until the full employment output is achieved. Thus, the long-run effect would be that GDP returns to its previous state(unchanged) while the prices are still higher. Hence, <u>option D</u> is the correct answer.
Answer:
have
Explanation:
j is the oldest son has not been to the
Answer:
The correct answer is c. A firm considers overhead or depreciation costs to make short-run decisions
Explanation:
As Professor Adam Grant suggests, sunk costs have an important effect on our decisions, but there are three factors that influence us even more: anticipated regret ("will I regret it if I don't give the project another chance?"), project completion ("if I continue to invest, I will finish the project successfully") and the threat of ego ("if I do not continue betting on the project, I will seem a failure"
A good option is to prevent these three factors from occurring and constantly ask for feedback from those around us (collaborators, partners, friends). If we ignore the opinions that go against what we think, we will be putting the project at risk without realizing it. On the contrary, those who do not mind "swallowing pride" in the short term will make better decisions in the long term. On the other hand, separating the project from the person, the entrepreneurial venture, will help us not to take the recommendations of our environment personally and to react much more quickly and quickly.
