Answer:
The correct answer is letter "D": common resources and private goods.
Explanation:
There are four types of goods: <em>private goods, public goods, common resources, </em>and <em>club goods</em>. Goods that are rival in consumption are those that cannot be used by the same person at the same time such as private goods -demand ownership- and common resources -air, for example.
The number of employed workers in this economy is A. 13.5 million
Explanation:
The number of unemployed people in the economy means the percentage of people who are actively seeking employment but cannot find a job for sustenance.
Thus, the ones who are seeking a job are the only ones that can be considered here.
So, the total population cannot be considered and the pool that justifies this demographic is the total labor force which is 180 million.
And the number of unemployed people would be calculated by multiplying the percentage of them with the total labor force which would be
7.5 * 180 = 13.5 million people.
Thus 13.5 people in the force are unemployed.
0.142466 would be the upper control limit for a p-chart
Solution:
Given ,
Sample of 50 shipments
Average percentage of incorrect shipments = 5%
(
ESD = 
= 
= 0.03082207 ( Remove square root )
UCL = Pbar + ( 3 * ESD)
= 0.05 + (3 * 0.03082207)
= 0.14246621
Answer:
.b This is a bilateral contract, and Mark is entitled to nothing because he did not perform
Explanation:
The contract is bilateral as obligation to perform exist for both parties.
Helen is obligated to pay the reward to the person who finds the cat and bring her home.
As Mark didn't find the cat it didn't perform (find the cat) Helen is not obligated to payup the reward for Fluffy
Answer:
Estimated Bad Debts = $ 9600
Explanation:
<u>Libre, Inc. </u>
Accounts Receivable $121,000
Allowance for Doubtful Accounts un adjusted $1,550 Credit
Net credit sales $192,000
The percentage of credit sales method, what is the estimated Bad Debt Expense for the year= 5% of $192,000 = $ 9600
Unadjusted balance Allowance for Doubtful Accounts $1,550 Credit
Less Current Year Bad Debts Balance = $ 9600
Adjustment= $ 8050
When using the percent of sales method the estimate of bad debts is the percentage multiplied with the credit sales .
Estimated Bad Debts = $ 9600
