Answer:
11.42 %
Explanation:
The formula for calculating percentage error
percentage error = <u>observed value - actual value x 1</u>00
actual value
Percentage error = <u>3.9- 3.5</u> x 100
3.5
Percentage error = <u>0.4 x 100</u>
3.5
Percentage error =0.1142 x 100
Percentage error = 11.42 %
Answer:
Yes
Explanation:
This is an example of a quasi contracts which are fictional contracts that do not come from any agreement but can be imposed on the parties to the contract as if they had entered into an actual contract.
The reason behind imposing the quasi contract by the court is to ensure equity by preventing a situation whereby one party will enrich himself at the expense of another party.
The fact that quasi contracts are equitable contracts, but not legal contracts, therefore implies that the court can impose a contract between the sisters.
Answer:
The average cost of goods arises from the sum of all the values of the goods purchased by a certain company, and its division by the amount of goods purchased. In this way, an average value per unit arises that reflects the average cost of each product.
Thus, the Walz Company had 400 units of Product Ribo at $8 per unit ($3,200 total), to which 600 units were added at $9 ($5,400 total), 500 units at $10 ($5,000 total), 300 units at $11 ($3,300 total), and 200 units at $12 ($2,400 total).
As we can see, the company had a total of 2,000 units with a total cost of $19,300. Therefore, the average cost per unit arises from the division of the total cost by the number of units, that is, 19,300 / 2,000 = 9.65. Therefore, the average cost per unit of Product Ribo is $9.65.
Answer:
(a) Either positive or negative; Increases
(b) Marginal propensity to save (MPS)
Explanation:
(a) We know that savings is directly related to the income level of the consumers. Savings may be positive or negative as it is dependent upon the level of disposable income. This means that an increase in the disposable income or Real GDP will lead to more savings.
(b) Marginal propensity to save refers to the proportion of the income (Disposable) that is saved by the consumer rather than spending for consumption of goods and services. It is defined as the extra amount of income that is saved by the household or consumer.
