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3 years ago

All of the following statements are true EXCEPT:

Business

1 answer:

german3 years ago

6 0

Yup all for it this would be a great idea and measurement to solve a word problem of an equation

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Which of the following is an example of a specific purpose? A. I want my employees to understand and follow the new dress code p

Alla [95]

Answer:

D. a and c

Explanation:

I hope it helps.

8 0

3 years ago

A country produces only one good. It produced 5,000 units of the good during Year 1 and 6,000 units of the good in Year 2. The

Veseljchak [2.6K]

Answer:

.A) $1, 920,000

Explanation:

Gross domestic product is the sum of all final goods and services produced in an economy within a given period which is usually a year.

Nominal GDP is the GDP of country using current year prices

Nominal GDP = current year price × quantity

(6000 × 320) = $1,920,000

I hope my answer helps you

3 0

3 years ago

Automobile repair costs continue to rise with the average cost now at $367 per repair.† Assume that the cost for an automobile r

vovikov84 [41]

Answer:

a) 0.1728

b) 0.09183

c) 0.7354

d) $ 222.25

Explanation:

Given

mean = $\mu$ = $367

Standard deviation = $\sigma$ =$88

Cost of automobile repair is normally distributed.

a) We have to find P( x > 450 )

P( x > 450 ) = 1 - P( x <= 450 )

Using excel function, P( x <= x ) = NORMDIST (x, $\mu$ , $\sigma$ , 1 )

P( x > 450 ) = 1 - NORMDIST( 450 , 367, 88, 1 )

= 1 - 0.8272 = 0.1728

P( x > 450 ) = 0.1728

b) P( x < 250 ) = NORMDIST( 250 , 367, 88, 1 ) = 0.09183

P( x < 250 ) = 0.09183

c) P( 250 < x < 450 ) = P( x <450 ) - P( x < 250 )

P( x <450 ) = NORMDIST( 450 , 367, 88, 1 ) = 0.8272

P( x < 250 ) = NORMDIST( 250 , 367, 88, 1 ) = 0.09183

P( 250 < x < 450 ) = 0.8272 - 0.09183 = 0.7354

P( 250 < x < 450 ) = 0.7354

d) We have P( X < a ) = 0.05

We have to find a.

Using Excel, = NORMINV ( Probability, $\mu$ , $\sigma$ )

a = NORMINV ( 0.05 , 367, 88 ) = 222.2529

Cost = $ 222.25

8 0

3 years ago

When economists speak of a deadweight loss, they are referring to?

nadezda [96]

Deadweight loss is a type of economic inefficiency when a good or service is not at its economic equilibrium (where supply equals demand). This loss may be experienced because of a tax or subsidy, or because of market power, such as a monopoly. Economists refer to deadweight loss when they want to show the negative effects of certain policy decisions that are less than optimal.

5 0

3 years ago

Suppose that an economy consists of only two individuals. Trevor has $1070 available to spend on goods. He decides to purchase $

castortr0y [4]

Answer:

The question option are:

1. For the current quarter what is the economy's income?

2. For the current quarter, what is the economy's expenditure?

3. In an economy, how are income and expenditure related?

1. The economy's income for the current year is $450 because there is only one transaction that take place in the year worth of $450

2. The economy's expenditure of the current year is $450 because each transaction has two side. One is the Income, the other is Expenditure. The income is converted to expenditure.

3. In an economy, income and expenditure are related and they are equal. Each transaction has two side. One is the Income, the other is Expenditure. The income is converted to expenditure.

4 0

3 years ago