Answer:
a. marginal revenue is lower than it was previously.
Explanation:
- According to the Law of Supply states, when the price of a product or service increases, all other factors are equal, the quantity of products or services offered by the suppliers increases, and vice versa.
- In other words, if a good price goes up, suppliers will try to increase their profits by offering more goods.
- so correct option is a. marginal revenue is lower than it was previously.
Able sold to both the low and high-tech segments last year, and marketing predicts able will have the same market share next year. 1,841 units would you forecast for able.
Marketing describes the actions a business does to encourage the purchase or sale of a good or service. Advertising, selling, and delivering goods to customers or other firms are all included in marketing. Affiliates perform some marketing on behalf of a business.
Advertising is one of the primary methods used by marketing and promotion specialists to capture the interest of important target markets. Targeted promotions may include celebrity endorsements, memorable slogans or taglines, eye-catching packaging or graphic designs, and general media exposure.
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Answer:
rate of return on investment = 52.4%
Explanation:
<em>The rate of return earned on the investment can be worked out using the Future value of a lump sum formula. The future value of a lump sum is the amount lump would amount to if interest is earned and compounded at a certain interest rate.</em>
The formula is FV = PV × (1+r)^(n)
PV = Present Value- 1,400
FV - Future Value, - 2,134
n- number of years- 1
r- interest rate - ?
2,134 = 1,400× (1+r)^(1)
(1+r)^(1) = 2,134/1,400
r= 1.5242 - 1
r = 0.524
× 100 = 52.4%
r= 52.4%
rate of return on investment = 52.4%
Answer:
The 99% confidence interval for the proportion of students who attend summer school is (0.306, 0.44)
Explanation:
Let the proportion of students who will return be:
p = 120/320 = 0.375
q = 1 - p = 1 - 0.375 = 0.625
The sample size, n = 32
0
The Z value for a 99% confidence interval is: 2.576
The confidence intervale is given by:
0.375 ± 2.576 * √(0.375*0.625)/320
0.375 ± 2.576 * 0.027
0.375 ± 0.069
UPPER limit 0.44
LOWER limit 0.306
Answer:
D. Less; Less
Explanation:
Given that
CPI in 2005 = 1.68
Wage in 1972 = 7200
Wage in 2005 = 30,000
CPI in 1971 = 0.418
Therefore,
Real wage in 1972 = wage in 1972/CPI in 1972
= 7200/0.418
= $17,224.88
Real wage in 2005 = wage in 2005/CPI in 2005
= 30000/1.68
=$17,857.14
Thus, from the given data 1972 job paid LESS in nominal terms (7200 < 30000) and LESS in real terms (17,244.88 < 17,857.14) than the 2005 job.