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Maksim231197 [3]
3 years ago
13

Problems and applications q5 consider the effects of inflation in an economy composed of only two people: gilberto, a bean farme

r, and juanita, a rice farmer. gilberto and juanita both always consume equal amounts of rice and beans. in 2016 the price of beans was $1, and the price of rice was $4. suppose that in 2017 the price of beans was $2 and the price of rice was $8.
Business
1 answer:
Effectus [21]3 years ago
4 0

Answer:

1) If they both consume the same amount of goods (rice and beans), and their price increased by 100%, then the inflation rate is 100%.

  • old price of beans = $1, new price $2, inflation rate 100%
  • old price of rice = $4, new price $8, inflation rate 100%

The inflation rate measures the change in the general price level of an economy during a certain period of time, in this case during a year from 2016 to 2017.

2) Indicate whether Gilberto and Juanita were better off, worse off, or unaffected by the changes in prices.

Since Gilberto produces beans and Juanita produces rice, and the price of both of their products increase equally (100%), then the inflation rate will not affect them. Their consumption levels also remain the same, no one decided to consume more of one product and less of the other.

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Sequential product development has the advantage of not only being a team-oriented approach, but also of being faster in bringin
wariber [46]

Answer:

False

Explanation:

During a sequential product development, each department works to complete its stage before the process continues to the next department.

A team-based new product development approach is used to develop products faster and to be able to sell them faster. This approach does not require that each department finishes its stage before passing to the next one. Instead, several departments work together simultaneously.

6 0
3 years ago
your skills, knowledge, and actions add value to your organizational goals (department and company). in today’s ever-changing wo
ladessa [460]

Businesses will continuously identify and cultivate new business ideas and prospects with the support of their ability to accept change. Any business can advance into new domains brought about by the new ways of functioning by having excellent change strategies.

<h3>What exactly is the workplace changing?</h3>

Change at work is anything that interferes with established work practices, team members, job roles, or particular job responsibilities. Here are a few instances of change you could encounter at work:

  • You and your team must adjust to a new manager when your current one is promoted or quits the organization. The new manager may have a different management style and set of expectations.
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To know more about Workplace changes, visit: brainly.com/question/17215125

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4 0
1 year ago
Thomas bought 25 shares of stock at $59.25 per share. He received
Mrac [35]

Answer:

=8.8%

Explanation:

ROI  is return on investments. It is calculated by the formula below.

ROI = net gains/ invested capital x 100

net gains in this case will be

Dividends = $74.06

Appreciation in price = ($61.50 x 25) - ($59.25 x 25)

=$1,537.5 -  $1,481.25

=56.25

Total gain = $56.25 + $74.06

=$130.31

ROI = $130.31/1,481.25 x100

ROI= 0.087972 x 100

=8.79

=8.8%

8 0
3 years ago
Otto invests $ 600 in an account that pays 7.3 % interest compounded annually. How much is in Otto's account after 3 years
almond37 [142]

Answer:

$741.23

Explanation:

The formula for calculating future value:

FV = P (1 + r)^n

FV = Future value  

P = Present value  

R = interest rate  

N = number of years

600(1.073)^3 = $741.23

5 0
3 years ago
What is the advantage of foreign direct investment? Multiple Choice Helps in retaining advantage over competition All of the abo
dexar [7]

Answer:

All of the above.

Explanation:

A foreign direct investment can be defined as an investment made by an organization or an individual. It involves investing into a business that is situated in a different country.

The benefits of foreign direct investments include:

- It creates new jobs because the individuals or organizations involved tend to build new companies in their new location.

- Foreign direct investments enables the transfer of resources and knowledge between countries.

- Foreign direct investments can also boost the country economic development.

8 0
3 years ago
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