The answer that best fits the blank is GOLD BULLION COINS. In order for you to avoid problems regarding storage, it would be best to invest in this kind of kinds. Typically, brokers would require at least 10 coins plus a 2% commission fee. Since it is gold and gold is considered to be one of the metals with a very high value, this would also mean that these coins also take the value of gold in the market.
Answer: A. In equilibrium, each worker is paid is or her value of marginal product of labour.
Explanation:
Marginal productivity of income distribution refers to the additional revenue derived from the marginal unit of product produced and that wages should be equal to the marginal revenue derived from the production of additional or marginal product and this is achieved at equilibrium.
The theory also implies that workers should not be paid below or above the marginal revenue derivable from marginal product which implies they cannot be paid $15 or $40, moreover the product price is not a determinant of wages rate.
Answer:
inelastic demand
Explanation:
Price elasticity of demand (PED) measures the proportional change in quantity demanded when the price of a product or service changes:
- when a 1% decrease in price, increases quantity demanded in a smaller proportion, the PED is said to be inelastic.
- when a 1% decrease in price, increases quantity demanded in a larger proportion, the PED is said to be elastic.
- when a 1% decrease in price, increases quantity demanded in the same proportion, the PED is said to be unit elastic.
In this case, the decrease in price (-2%) barely increased the quantity demanded, therefore, the PED is inelastic.
Answer:
the probability that exactly 8 complete the program is 0.001025
Explanation:
given information:
60 % of those sent complete the program, p = 0.6
the total of people being sent, n = 27
exactly 8 complete the program, x = 8
to find the probability, we can use the following formula
![P(X=x)=\left[\begin{array}{ccc}n\\x\\\end{array}\right] p^{x} (1-p)^{n-x}](https://tex.z-dn.net/?f=P%28X%3Dx%29%3D%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7Dn%5C%5Cx%5C%5C%5Cend%7Barray%7D%5Cright%5D%20p%5E%7Bx%7D%20%281-p%29%5E%7Bn-x%7D)
![P(X=8)=\left[\begin{array}{ccc}27\\8\\\end{array}\right] 0.6^{8} (1-0.6)^{27-8}](https://tex.z-dn.net/?f=P%28X%3D8%29%3D%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7D27%5C%5C8%5C%5C%5Cend%7Barray%7D%5Cright%5D%200.6%5E%7B8%7D%20%281-0.6%29%5E%7B27-8%7D)
![P(X=8)=\left[\begin{array}{ccc}27\\8\\\end{array}\right] 0.6^{8} (0.4)^{19}](https://tex.z-dn.net/?f=P%28X%3D8%29%3D%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7D27%5C%5C8%5C%5C%5Cend%7Barray%7D%5Cright%5D%200.6%5E%7B8%7D%20%280.4%29%5E%7B19%7D)
= 0.001025
Here are the common technical causes of analysis paralysis:
Analysis barely gives a clear answer as to what discussion is best.
The purpose of the analysis is not sufficiently clear, so analysts produce data that doesn't shed any light on what action to take.
