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kenny6666 [7]
3 years ago
8

Walter builds birdhouses. He spends $5 on the materials for each birdhouse. He can build one in 30 minutes. He is semi-retired b

ut earns $8 per hour at the local hardware store. He can sell a birdhouse for $20 each.
An Accountant would calculate the total profit for one birdhouse to be
A) $7
B) $12
C) $11
D) $15
Business
1 answer:
gavmur [86]3 years ago
3 0

Answer:

$15

Explanation:

Accounting profit is calculated as revenue less total cost.

Accounting profit = Revenue - Cost

$20 - $5 = $15

An accountant calculates accounting profit.

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Real GDP is the value of the _____ goods and services produced in a given year expressed in terms of the prices in _____ year. N
exis [7]

Answer:

The correct answer is final; a base; final; that same.

Explanation:

Real GDP refers to the value of all the production of a country at constant prices, that is, that the variations in prices that occur over time, due to inflation, supply, demand, etc. are not taken into account. . This allows comparisons between the products and services produced by a country, isolated from the price differences that can occur in different periods, which allows us to see how much the economy really grows.

6 0
3 years ago
A doctor wants to estimate the hdl cholesterol of all? 20- to? 29-year-old females. how many subjects are needed to estimate the
Ira Lisetskai [31]

 

Given the following:

Sigma                                 = 17.8

E                                         = 44 points

Confidence interval        = 99% - 2.58

Confidence interval        = 95% - 1.96

In order to get the sample size, use the formula:

For 99% confidence level

n            = [ (z value x s) / E ]2

n            = [ (2.58 x 17.8) / 44]2

n            = 1. 089 or 1 (rounded up)

For 95% confidence level

n            = [ (z value x s) / E ]2

n            = [ (1.96 x 17.8) / 44]2

n            = 0.628 or 1 (rounded up)

As we decrease the confidence level, from 99% to 95%, our confidence interval gets smaller. In additional, to be more confident that our interval actually comprises the population mean we have to increase the size of the interval. To ease that trade off between level of confidence and the precision of our interval is to primarily increase the sample size. 

8 0
2 years ago
Suppose the economy is in long-run equilibrium. Concerns about pollution cause the government to significantly restrict the prod
MrMuchimi

Answer:

the price level will rise, and real GDP might rise, fall, or stay the same.

Explanation:

Short run

In microeconomics, it is simply defined as the timeframe when all resource prices (including wages) are constant not changing.

Long run

This is also known as the period of time when all resource prices (including wages) change/is altered or do not remain the same.

Long-run equilibrium can change with constant long run aggregate supply (LRAS) and potential output thereby leading to changes only in the price level and this can cause inflation. Due to the changing LRAS, causing an increase in potential output leading to economic growth or decreasing potential output leading to negative growth.

6 0
3 years ago
What is the rationale behind the optimal choice of the consumer?
Lostsunrise [7]
According to rational choice theory, individuals use their self-interests to make choices that will provide them with the greatest benefit.
8 0
2 years ago
a set of cash flows begins at 20000 the first year with a decrease of $2000 each year until n = 10. With an interest rate of 7%,
Bezzdna [24]

Answer:

Explanation:

Present value (PV) is sum of all cash flows discounted at 7%.

(a) Annual decrease = $2,000

PV is computed as follows.

Year Cash Flow ($)     PV Factor at 7%     Discounted Cash Flow ($)

               (A)                     (B)                     (A) x (B)

1 20,000 0.9346 18,692

2 18,000 0.8734 15,722

3 16,000 0.8163 13,061

4 14,000 0.7629 10,681

5 12,000 0.7130 8,556

6 10,000 0.6663 6,663

7 8,000 0.6227 4,982

8 6,000 0.5820 3,492

9 4,000 0.5439 2,176

10 2,000 0.5083 1,017

PV ($) = 85,041

7 0
3 years ago
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