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4 years ago

Question 1 Saved

Business

1 answer:

Nadusha1986 [10]4 years ago

3 0

Answer: Businesses sell goods and services in product markets.

Explanation: Circular flow diagram shows the flow of goods and services from Firms to the Households and Factors of production from the Households to the Firms. The firms money from the sale of those goods and services and the households get factor payment.

Thus, Business are sell goods and services in product markets in a circular flow diagram.

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The average price of homes sold in the U.S. in 2012 was $240,000. A sample of 144 homes sold in Chattanooga in 2012 showed an av

Ainat [17]

Answer:

H0 : Average price of homes sold in US = 24000 ; H1 : Average price of homes sold in US ≠ 24000

t calculated value = 2 , t critical (tabulated) value = 1.96

calculated t > critical t . Null Hypothesis is rejected, It is concluded that 'Average price of homes sold in US ≠ 24000 '

Explanation:

Null Hypothesis : Average price of homes sold in US = 24000

Alternate Hypothesis : Average price of homes sold in US ≠ 24000

t = (x' - u) / (s / √n)

x' = sample mean = 246000 (given)

u = population mean = 240000 (given)

s = standard deviation = 36000

n = no. of observations = 144

t = (246000 - 240000) / (36000/√144)

6000/ (36000/12000) = 6000/3000

t = 2

Critical value for a two tailed test at 5% significance level, 0.025 in t distribution = 1.96

Since calculated value, 2 > tabulated or critical value at significance level, 1.96. So, we reject the null hypothesis. This implies that <u>'Average price of homes sold in US ≠ 24000</u>'

3 0

3 years ago

A purely competitive firm is producing at the point where its marginal cost equals the price of its product. If the firm increas

Ostrovityanka [42]

Answer:

Increase maybe?

Explanation:

7 0

2 years ago

You are planning for your retirement and want to have $1,500,000 by the time you retire 45 years from today. You also want to ha

Reil [10]

Answer:

The correct option is D. $8,311

Explanation:

The steps to reach the deposit ammount of $8,311 are the following:

1) Calculate Future Value of cash flow= 250,000×(1+0.08)∧25=1,712,118.80

2) Calculate the total ammunt to be accumulated by the end of year 45

=1,712,118.80+1,500,000=3,212,118,80

3) Finally you have to calculate the annual deposit to achieve the 3,212,118,80 in 45 years

FV= 3,212,118,80

r=8%

n=45

3,212,118.80= P( <u>(1+0.08)∧45-1</u> )

0.08

= 8,311. Annual end of the year deposit

8 0

4 years ago

The economy is initially in short-run equilibrium when incomes taxes decline and productivity rises. If the change in aggregate

Vikki [24]

Answer:

If the aggregate supply—also referred to as the short-run aggregate supply or SRAS—curve shifts to the right, then a greater quantity of real GDP is produced at every price level. If the aggregate supply curve shifts to the left, then a lower quantity of real GDP is produced at every price level.

Explanation:

A shift in aggregate supply can be attributed to many variables, including changes in the size and quality of labor, technological innovations, an increase in wages, an increase in production costs, changes in producer taxes, and subsidies and changes in inflation.

In summary, aggregate supply in the short run (SRAS) is best defined as the total production of goods and services available in an economy at different price levels while some resources to produce are fixed... As prices increase, quantity supplied increases along the curve.

3 0

3 years ago

Read 2 more answers

Regarding subject receipt of a signed and dated copy of the consent forms, which is true about FDA regulations?

likoan [24]

Answer:

Answer will be (1.)

The FDA regulations allow subjects or the legally acceptable representatives (LARs) to receive either a signed or unsigned copy

Explanation:

The FDA establishes rules based on the laws laid down in the Food, Drug and Cosmetic Act (FD&C Act) or other statutes –
The Family Smoking Prevention and Tobacco Control Act – under which FDA works.
The FDA guidelines have full legal effect.
Medications and biologics must be proven safe and effective. The positives of the medication would surpass the risks linked to its proposed use, according to the FDA. Animal medications and food additives used in animal feed, including dogs, poultry and livestock. Health devices.

6 0

3 years ago