Answer:
False.
Explanation:
The total cost of ownership can be defined as the acquisition cost of an asset and the cost of it's operation. It takes into account the total value of the asset. Before making a decision on the asset one wants to purchase, the total cost of ownership should be assessed. Most buyers make the mistake of only considering the purchase cost of an item without considering other operational and maintenance cost over the items useful life. For example, one might decide to pick a cheap alternative based on it's low purchase cost and later realize very hefty operation and maintenance cost. It is therefor prudent for buyers to consider not only the short-term cost which is the price but also the long-term cost that will be incurred over the item's useful life.
Most companies in business that want to purchase an equipment usually consider the total cost of ownership to determine the best alternative in terms of long-term value. By doing a total cost of ownership analysis, the company tends to have a holistic view of all the direct and indirect costs.
Answer:
The answer is: 7% annual growth rate
Explanation:
The Rule of 70 is a way to determine how many years it will take an economy to double its GDP (or GDP per capita) with a given annual growth rate.
The formula used by the Rule of 70 is:
number of years = <u> 70 </u>
to double an economy annual percentage growth rate
In this exercise we substitute the known variables and calculate:
10 years = 70 / (annual growth rate)
annual growth rate = 70 / 10 = 7%
Answer:
output would necessarily rise.
Explanation:
Tax is the amount that a government levies on its citizens to fund it's expenditure, and for the individual income tax is levied.
If the government decides to reduce personal tax, this will free up funds to engage in economic activities and make resources more productive. The individual's disposable income will increase and when invested in business activities to promote productivity.
Increased productivity will necessarily increase the output from the economy.
Answer:
Inflationary
Explanation:
Inflationary condition is one on which the price of goods and services keeps on increasing. The purchasing power ofoney is reduced, you will need more money to buy a product.
In the college since 2000 turion has risen by 160%, meaning payment for college education is now more expensive.
Also family income used to pay tuition gas increased from 5% to 14%.
