Answer:D. $690
Explanation:
GIVEN THE FOLLOWING :
YEAR 2009
Guns produced = 80
price of gun =$5
Butter produced = 40
price of butter = $4
Year 2018
Guns produced = 90
Price of guns = $6
Butter produced = 60
Price of butter = $10
REAL GDP FOR TYROVIA FOR 2018 USING 2009 AS BASE YEAR IS GIVEN AS:
(GUNS PRODUCED IN 2018 × PRICE OF GUNS IN 2009) + (BUTTER PRODUCED IN 2018 × PRICE OF BUTTER ON 2009)
REAL GDP = ( 90 × $5) + (60 × $4)
REAL GDP = $450 + $240 = $690
Answer:
4167
Explanation:
Contribution margin = fixed cost / (sales price per unit - variable cost per unit
$25,000 / ($30 - $24) = 4167.
Answer:
sets the price and determines the quantity it sells in the marketplace.
Explanation:
In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.
This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.
Generally, a perfectly competitive market is characterized by the following features;
1. Perfect information.
2. No barriers, it is typically free.
3. Equilibrium price and quantity.
4. Many buyers and sellers.
5. Homogeneous products.
Examples of a perfectly competitive market are the Agricultural sector, e-commerce and the foreign exchange market.
In perfect competition, an individual firm sets the price and determines the quantity it sells in the marketplace.
Answer:
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- <u><em>4.75% of the candidates takes more than two hours to learn the computer system.</em></u>
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Explanation:
The relevant information to solve the problem is:
- 1. <em>The time it takes to learn follows a Normal distribution </em>
- 2.<em> The mean is 90 minutes</em>
- 3. T<em>he standard deviation is 18 minutes</em>
- 4. <em>The question is What proportion of candidates takes more than two hours to learn the computer system?</em>
Then, you shall calculate the Z-score and use a standard distribution table to look up the Z-score and the corresponding probability.
Repeating myself from a recent answer, "there are two types of standard distribution tables: tables that show values that represent the AREA to the LEFT of the Z-score, and tables that show values that represent the AREA to the RIGHT of the Z-score".
<u>1. First, calculate the Z-score:</u>
<u>2. Use the table that represents the area to the right of the mean to find the ratio of typists that have a Z-score greater than 1.67.</u>
Therefore, 4.75% of the candidates takes more than two hours to learn the computer system.
