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8_murik_8 [283]
3 years ago
11

Since the beginning of the twentieth century, the United States has experienced _________ recessions. Of those, ______ have occu

rred since 1970.
Business
1 answer:
faltersainse [42]3 years ago
5 0

Answer: 22; 7

Explanation;

A Recession refers to the economy of a country contracting for at least 2 quarters.

Since the the beginning of the twentieth century, the United States has experienced<u> 22 recessions </u>with the worst being the Great Depression of 1929 and the Great Recession of 2008.

Of those,<u> 7 have occurred since 1970</u> with the 7th ongoing as a result of the Corona virus pandemic.

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6) For the monopolist, marginal revenue is always less than the price of the good.7. The monopolist chooses the quantity of outp
777dan777 [17]

Answer:

Monopolist : Output at MR = MC; corresponding point at demand (AR) curve gives price.

Explanation:

Monopoly is a market structure having a single seller.

Monopolies have usual downward sloping demand curve, depicting price - demand inverse relationship. This 'falling price' case also makes monopoly Marginal Revenue curve usually lie down below its demand i.e Average Revenue Curve. Marginal cost is usually U shaped.

Monopoly producer chooses its equilibrium production quantity where : Marginal Revenue = Marginal Cost. The equilibrium price is determined at the price of corresponding equilibrium output, on the demand (average revenue) curve.

8 0
3 years ago
Assume that you just won $35 million in the Florida lottery, and hence the state will pay you 20 annual payments of $1.75 millio
Rus_ich [418]

Answer:

$21.277 million

Explanation:

Data provided in the question:

Amount of lottery won = $35 million

Number of annual payments = 20

Amount of annual payment = $1.75 million

Interest rate = 6%

Now,

Present value of the payment = Payment × Present value factor

Also,

Present value factor = [1 + r]⁻ⁿ

Since the payment started immediately

Therefore,

Base year i.e n = 0

Thus,

we have

Year (n)         Annual payment              Present value

   0                    $1.75 million                   $1.75 million

   1                    $1.75 million                   $ 1.650943 million

   2                    $1.75 million                   $1.557494 million

   3                    $1.75 million                   $1.469334 million

   4                    $1.75 million                   $1.386164 million

   5                    $1.75 million                   $1.307702 million

   6                    $1.75 million                   $1.233681 million

   7                    $1.75 million                   $1.16385 million

   8                    $1.75 million                   $1.097972 million

   9                    $1.75 million                   $1.035822 million

   10                    $1.75 million                   $0.977191 million

   11                    $1.75 million                   $0.921878 million

   12                    $1.75 million                   $0.869696 million

   13                    $1.75 million                   $0.820468 million

   14                    $1.75 million                   $0.774027 million

   15                    $1.75 million                   $0.730214 million

   16                    $1.75 million                   $0.688881 million

   17                    $1.75 million                   $0.649888 million

   18                    $1.75 million                   $0.613102 million

   19                    $1.75 million                   $0.578398 million

Hence,

The present value of the  winnings = ∑ Present value of payments

= $21.277 million

7 0
3 years ago
Which of the following is not an economic goal that influences how societies answer the three key economic questions?
Nadya [2.5K]

I believe the answer is: D. patriotism


Patriotism is the act of showing vigorous support to our own country . The support that shown in patriotism does not revolve around financial decision, but more to how our country is perceived in its foreign nation relative to the other countries.

5 0
3 years ago
Read 2 more answers
Ramort Company reports the following cost data for its single product. The company regularly sells 21,500 units of its product a
Fittoniya [83]

Answer:

Gross margin= $744,760

Explanation:

<u>The absorption costing method includes all costs related to production, both fixed and variable.</u> The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

Unitary fixed overhead= 52,900 / 21,500= $2.46

Total unitary production cost= 10.3 + 12.3 + 3.3 + 2.46= $28.36

<u>Now, the gross margin:</u>

Gross margin= sales - COGS

Gross margin= 21,500*63 - 21,500*(28.36)

Gross margin= $744,760

7 0
3 years ago
In the integrated process, the steps related to the production process are suspended when there are insufficient quantities of t
Delicious77 [7]

This is a false statement

8 0
3 years ago
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