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Nikitich [7]
3 years ago
15

Why graphs are useful when studying economics?

Business
2 answers:
mixas84 [53]3 years ago
5 0
Graphs are excellent for showing how data hanged over time, so people are able to determine patterns.
liraira [26]3 years ago
4 0
Graphs give an overview of economic growth or decline.
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An investor has opened a jewellery store and a bakery shop in your village which is near the sea side. Do you consider the locat
almond37 [142]

Answer:

The bakery business is a good business for this location but the jewellery is not.

Explanation:

The bakery business is a good business for this location but the jewellery is not. This is because the vast majority of individuals in the area are most likely going to be people spending the day travelling and going to the beach or taking a walk on the boardwalk. Therefore, pasteries in the morning on a nice day or in the afternoon would be in demand in that area. However, jewellery probably will not be in high demand. The best place for a jewellery store is in the middle of the city where people go to shop, ideally a high income location.

7 0
3 years ago
Which of the following best describes why German firms were nationalized after World War II?
Akimi4 [234]

Answer:

<u>D. Happenstance.</u>

Explanation:

The fact that German firms were nationalized has often been regarded as mere happenstance; meaning it just occurred based on the circumstances they were in immediately after World War II.

It thus encompasses several factors such as the cost of operations, changes in government, etc, not just one factor.

3 0
4 years ago
Will the current market situation cause the price to go up, go down, or stay the same?
dusya [7]

Because Demand is up and supply is down companies are going to start demanding a higher price for their product since there are less on the market

5 0
3 years ago
The flowtime of the last job in a single work center’s schedule is 7 days. What is the makespan of this schedule?
White raven [17]

Answer:

7 days

Explanation:

Makes-pan means the time it takes to complete a schedule. Last job took 7 days to complete and it was a single job, which means its makes-pan was 7 days as well.

8 0
3 years ago
Last year Rocco Corporation's sales were $225 million. If sales grow at 6% per year, how large (in millions) will they be 5 year
cupoosta [38]

Answer:

b. $301.10

Explanation:

Current Sales = P = $225,000,000

Growth rate = g = 6%

Number of year = 5 years

Using simple growth formula we will find the Sales value after 5 years.

Future Sales = Current Sale ( 1 + growth rate )^Number of years

A = P ( 1 + g )^n

A = 225,000,000 x ( 1 + 0.06 )^5

A = 225,000,000 x 1.33823

A = 301,101,750 = 301.10175 Million

So, the correct option is b. $301.10.

3 0
4 years ago
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