"The rule of 70" refers to a significant relationship between the percentage growth rate and its doubling time:Simply divide the number 70 by the percentage growth rate to estimate the doubling time for a constant growing quantity.
How is the time it takes for a nation's population to double?
To sort out what amount of time it would require for a populace to twofold at a solitary pace of development, we can utilize a straightforward recipe known as the Standard of 70.Simply divide 70 by the annual growth rate to determine the doubling time in years.
The number of years required for a nation's economy to double in size is equal to 70 divided by the percent growth rate. For instance, if an economy expands by 1% annually, it will take 70 / 1 = 70 years for the economy to double in size.
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Answer:
A strength of Generation X managers is likely to be their ability to provide feedback to employees
Explanation:
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Answer: FALSE
Explanation: Innovations is the term used to refer to the invention or creation of new things,new ideas,new ways to solving the problems of man or to understand things or issues.
The rate of Innovation after the restoration of the Gospel is more and better now when compared to the days prior to the restoration of the Gospel. People now understand the Gospels with better knowledge,the interpretation is good and correct now.
Answer:
either the selling price decreases or the total output decreases
Explanation:
The firm's income statement:
total sales revenue = $120,000
minus total variable costs = ($72,000)
<u>minus total fixed costs = ($15,000) </u>
net profit = $33,000
The long run equilibrium for a monopolistically competitive firm occurs when the firm is making no economic profit since it is charging a price = average total cost.
In this case the average total cost per unit = $6 per unit + ($15,000 / 12,000 units) = $7.25 per unit
Since the firm is currently charging a higher selling price than average total cost ($10 > $7.25), one or two things might happen in the long run:
- selling price will decrease
- output will decrease
The liabilities will be understated.
