Answer:
I used an excel spreadsheet to calculate this:
the least squares regression line:
y = a + bx
y = $2,752 + 3.87x
where y = total cash wash costs and x = rental returns
fixed costs = $2,752 per month
variable cost = $3.87 per car washed
ANSWER: After a ball is marked ready and before the play begins, any attempt made by A player will result to penalty and will be declared a false start. There is a a strict rule that no false start shall be made in the game. There is also a rule that no one except the snapper shall encroach on the neutral zone to give defensive signals.
<span>The two major factors are the supply of the product and the demand for it. These work together to set an equilibrium price that would be considered the market rate for the item under consideration. Changes and shifts in either of the two factors will cause the market price to change accordingly.</span>
Question Completion:
a. You are interested in looking at the impact of higher prices of imported oil in the overall cost of living.
b. The government is interested in whether increases in defense spending are affecting the price level.
c. An economic consulting firm is investigating the impact on the aggregate price level of more computers and electronic technology used in production.
Answer:
The GDP Deflator and the CPI
a. The CPI is used here, as its measure is not restricted to domestically produced goods and services.
b. The GDP Deflator is more appropriate here. Defense spending is not related to consumer goods and services but to government spending, which is a component of the GDP.
c. The GDP Deflator is more appropriate with this investigation. Computers and electronic technology used in production relate to business Investments, which are a component of the GDP and are not part of consumer goods and services or a component of the CPI.
Explanation:
The GDP deflator is exclusively used to measure the prices of all goods and services produced domestically in an economy and is based on the nominal or real GDP. On the other hand, the CPI (Consumer Price Index) is used to measure the weighted average prices of a basket of consumer goods and services, whether produced domestically or imported.
Answer: Lean Startup Methodology.
Explanation:
lean startup is a method used to introduce a new product to the market on behalf of an existing company which implements on developing products that some group of existing consumers already know so as to ensure that the market will already exist as soon as the product is launched by focusing on creating a stripped down product with minimal waste of time and limited launchingin order to measure how such product will rank in the market.
Here, the small herbal tea company employing a stripped down packaging with limited launch for users to ensure product hit market mark adopts the lean start up methodology
