Answer:
$4,000
Explanation:
Given that,
Last year:
DVDs sold = 10
Selling price of each DVD = $20
DVD players sold = 5
Selling price of each DVD player = $100
This year:
DVDs sold = 150
Selling price of each DVD = $10
DVD players sold = 10
Selling price of each DVD player = $60
Real GDP:
= (No. of DVDs sold this year × Selling price of each DVD last year) + (No. of DVD players sold this year × Selling price of each DVD player last year)
= (150 × $20) + (10 × $100
)
= 3,000 + 1,000
= $4,000.
Options:
<em>a. Shift to the left, causing the prices of carrots to rise</em>
<em>b. Shift to the left, causing the prices of carrots to fall</em>
<em>c. Stay the same</em>
<em>d. The supply curve does not shift. Only the demand curve shifts.</em>
<u>Answer:</u>
<u>a. Shift to the left, causing the prices of carrots to rise</u>
<u>Explanation:</u>
Indeed, going by the law of supply and holding all other factors constant, we would expect the supply curve to shift to the left, which implies that there would be an increase in the price of carrots.
What this means is that because there are now fewer carrots in the market as a result of the effects of the bad weather, there would be scarcity and so sellers would increase prices.
Answer and explanation:
The influence a company may have over another when one of them has a number of shares that belongs to the other is determined by the percentage of ownership that the number of shares represent. If its lower than 20%, it is said the company has <em>no influence</em> over the other. From 20% to 50% one company has <em>significant influence</em> over the other. Finally, with more than 50% of the outstanding shares in possession, one company has <em>control </em>over the other.
In that case, CBS Corp. has no influence over Westwood One, Inc. since it owns only 18% of the outstanding shares.
Answer:
30
Explanation:
Data provided in the question
Total utility consuming the 2 widgets = 240
Total utility consuming the 3 widgets = 270
So by considering the above information, the marginal utility of consuming the third widget is
= Total utility consuming the 3 widgets - Total utility consuming the 2 widgets
= 270 - 240
= 30
Basically we deduct the total utility consumes 2 widgets from the total utility consumes 3 widgets
Answer:
I. Identify what is the problem
II. Acquire the data
III. Develop the model
IV. Implement the Model.
V. Do the results look right.
Explanation:
The problem-solving process can be defined as the systematic approach used to identify and determine the solution to a particular problem.
The steps involved in the problem-solving process are;
1. Identify and define the problem: this is the first step to be taken in solving a problem. This is to ensure that, the focus is on the main issue or situation and all efforts is channeled in the right direction rather than the symptoms.
2. Gathering of information: this helps to consider the options available in solving a problem effectively.
3. Consider your options: this helps to compare the available and viable solutions to the problem.
4. Weigh disadvantages and evaluate a solution: you weigh the disadvantages of each solution, before choosing the one with the least disadvantages.
Hence, the fundamental steps of the problem solving process in the correct order are;
I. Identify what is the problem
II. Acquire the data
III. Develop the model
IV. Implement the Model.
V. Do the results look right.
