<h3>Arley should price each cookie $ 2.56</h3>
<em><u>Solution:</u></em>
Arley’s Bakery makes fat-free cookies that cost $1.50 each
Arley expects 15% of the cookies to fall apart and be discarded
Total cookies = 200
Discarded = 15 % of 200
Now, remaining = 200 - 30 = 170
Good cookies = 170
Arley wants a 45% markup on cost
Total cost = 200 cookies x 1.50 = 300
45 % markup
Therefore,
cost = 300 + 45 % of 300
cost = 300 + 135 = 435
<em><u>What should Arley price each cookie?</u></em>
Thus Arley should price each cookie $ 2.56
Answer:
The correct answer is letter "B": False.
Explanation:
An oligopoly is a market where a few companies collide to take control of the price and supply of the goods or services provided. On the other hand, a monopolistic competitive market is characterized by having many companies competing against each other. The competitive advantage of firms will determine if consumers choose to buy the products of one company or the other.
Thus, <em>Glamour Gal is a monopolistic competitive market.</em>
Answer:
Steel
Explanation: Steel is considered a raw resource.
Answer:
"Try something and if it doesn't work, admit it and try something else."
Explanation:
When I took US Government, my teacher always emphasized that FDR was probably the best American President, and things like this really show why he admired him so much. Can you imagine those words coming out of the mouth of a modern politician?
Many people like to compare President Obama's first term with FDR's first term, but I believe that Obama had it easier. Not because the recession wasn't bad, but because it was fresh and new. President Bush's handling of the crisis was disastrous, but they messed up only for about one year. When FDR took office, the depression had been around for several years, so the negative effects were much greater.
When FDR took office the country was ravaged and nobody was sure that the new policies would work or not, or even what policies they should have implemented. That is why they engaged in a trial and error type of strategy where several options were explored to try to see what could work and what couldn't.
Answer:
Zero Increase in Real GDP between 2004 and 2005.
Explanation:
Nominal value of GDP in 2004
Nomina Value = $100 x 500,000
Nominal Value = $50,000,000
Nominal value of GDP in 2005
Nominal value = $200 x 500,000
Nominal value = $100,000,000
We can find Real GDP amount by multiplying base year price by current year quantity.
Real GDP = Base year price x Current year quantity
Real GDP = $100 x 500,0000
Ral GDP = $50,000,000