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Juliette [100K]
3 years ago
14

If the cpi was 95 in 1955 and is 475 today, then $100 today purchases the same amount of goods and services as

Business
1 answer:
Shalnov [3]3 years ago
4 0
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One commonly used relative unit is the ____ unit.
Alenkinab [10]
Em Unit , Should Be The Right Answer <span />
7 0
3 years ago
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Ketchup is a complement (as well as a condiment) for hot dogs. If the price of hot dogs rises, the quantity of hot dogs demanded
Kobotan [32]

Answer:

Falls; lowers; falls; decrease; lower; increases; fall; away from orange juice and toward; fall.

Explanation:

In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.

The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.

Generally, consumers would like to be buy a product as its price falls or become inexpensive.

For substitute or complement products (goods), the price elasticity of demand is always positive because the demand of a product increases when the price of its close substitute (alternative) increases.

In this scenario, Ketchup is a complement (as well as a condiment) for hot dogs. If the price of hot dogs rises, the quantity of hot dogs demanded falls, which lowers the demand for ketchup. Because of the change in the equilibrium quantity of ketchup, the demand for tomatoes by ketchup producers falls, causing the equilibrium price of tomatoes to decrease. This means producers of tomato juice face lower input prices, and the supply curve for tomato juice increases. The resulting fall in the price of tomato juice causes people to substitute away from orange juice and toward tomato juice, so the demand for orange juice falls.

3 0
3 years ago
Jerry, the manager at Cayman's Inc., strongly believes that his subordinates prefer to be directed, avoid responsibility, and fr
DerKrebs [107]

Answer:

Theory X

Explanation:

Theory X is one of the types of management. In this type of management, the managers presume that the employees are not motivated towards their work. They step out with methods like remuneration and increments to motivate the employees. These additional benefits are provided to them when the employees show great responses in tangible forms. The managers hold the thought that the employees need to be controlled and threatened to bring the maximum output of them. They also assume that the employees need constant supervision at every stage of their work.

In the given excerpt, it is evident from the steps taken by Jerry that he is a Theory X manager.

3 0
3 years ago
True or false: unlike the economic system of a country, the legal system is not influenced by the prevailing political system.
tigry1 [53]

The statement is False. Unlike the economic system of a country, the legal system is not influenced by the prevailing political system.

Free market, command, and mixed economies are the three primary types. The chart that follows contrasts command and free-market economies; mixed economies combine the two. Both people and corporations are free to choose their own economic course.

A common law system has the advantage of allowing you to be certain of the outcome of your case if a similar case has already been heard. The disadvantage is that if you have a unique circumstance, a court might easily create a new law and apply it to your situation.

To learn more on economic system

brainly.com/question/27630988

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7 0
1 year ago
Alex
GaryK [48]

Answer:

<em>hello your question lacks some vital information hence I will make valid assumptions to aid the solution </em>

answer : $583333.33

Explanation:

22 yrs old

pre tax income = $35,000 per year

savings = $200/month

<u>Determine how much you will need to retire at 67</u>

lets assume : Interest rate = 6% per annum

annual withdrawable amount per year after retirement = $35,000

∴ amount to be saved up by 67 years = 35,000 / 6% = $583333.33

<u>hence amount needed to retire at age 67 </u>

target amount = $583,333.33

interest rate = 6%

number of years = 67 - 22 = 45

savings per year needed = 583,333.33 / 45 = $12962.96

<em>Note : saving $200 per month would not give the required amount needed to retire at age 67 </em>

The required monthly savings =  12962.96 / 12 = $1080.25

5 0
3 years ago
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