Answer:C
Explanation: this quantity is allocatively inefficient because the marginal cost of producing the last lawnmower exceeds the marginal benefit to consumers.
The interest rate is 7%.
<u>Solution:</u>
The real rate of interest is always above the nominal interest rate when inflation is positive. In this case, we are told inflation is 3%. Since the real rate of return is the nominal interest rate minus inflation, we need a nominal interest rate of <u>5%+3%=8%</u> to get a real interest rate of 5%.
To calculate the real interest rate subtract the inflation rate from the nominal interest rate. Mathematically it looks like this The real interest rate is the nominal interest rate minus the inflation rate. Creeping inflation is a type of inflation in which the price level rises steadily at a moderate rate over an extended period of time.
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Answer:
c. 252
Explanation:
Calculation of what the next year's CPI will equal
Using this formula
Next year's CPI=[Consumer price index (CPI) +(Consumer price index (CPI) *Inflation rate
Let plug in the formula
Next year's CPI=[240+(240*5%)]
Next year's CPI=240+12
Next year's CPI=252.
Therefore the next year's CPI will equal 252
Answer:
The answer is true
Explanation:
A work-in-progress (WIP) is the cost of unfinished goods in the manufacturing process including labor, raw materials, and overhead.
I believe the answer is <span>A. Ensuring that the expiration date has not passed.</span>
