Jobs that require lower level skills have better benefits, like health insurance, than jobs that require a college

Stella Inc. has recently introduced a new production method that will make the production of their medical devices more cost-eff

gtnhenbr [62]

Answer:

Moves Down the Existing Learning Curve.

Explanation:

With the introduction of a new production method, learning will become slower initially and gradually increase over time when employees become better acquainted with it. This falls under increasing returns learning curve.

4 0

3 years ago

Read 2 more answers

What is the future value of a 5%, 5-year ordinary annuity that pays $350 each year? Round your answer to the nearest cent. $ If

Lady_Fox [76]

Answer:

The future value of a 5%, 5-year ordinary annuity that pays $350 each year is $1,933.97

If this were an annuity due, its future value is $2,030.67

Explanation:

Rate: 5%

Annual payment: ($350)

Tenor: 5 years

We can use excel to calculate the future value =FV(rate,tenor,payment,type)

=(5%,5,-350,,0)= $1,933.97

type "0" is payment at end of period (at year end).

Annuity due is an annuity whose payment is due immediately at the beginning of each period, so type for this is "1)

= (5%,5,-350,,1) = $2,030.67

Please see excel attached for more details

Download xlsx

6 0

3 years ago

How does nominal GDP differ from real GDP?

ankoles [38]

The main difference between them is that real GDP is adjusted for price changes that caused by either inflation (which will increase price of products) or Deflatio (which will lower price of products).
Nominal GDP on the other hand, is calculated at current market value without considering both inflation and deflation.

4 0

3 years ago

Read 2 more answers

Kathy knows from her economics class that to isolate the effects of a particular phenomenon, all other things must remain the sa

Citrus2011 [14]

Answer:

Ceteris paribus

Explanation:

Ceteris paribus is a Latin term that means other things being equal. It also means all other things being constant or all other things being unchanged.

In economics when there is need to isolate the effect of an action it is important to keep other variables constant, so that observed results are attributed only to the variable under study.

For example in price elasticity of demand when price increases the demand is observed to reduce. This statement is based on the assumption that all other variables remain constant.

Other variables that can affect the statement above are interest rate, inflation, and income level.

6 0

4 years ago

Dock Corporation makes two products from a common input. Joint processing costs up to the split-off point total $33,600 a year.

Inga [223]

Answer:

The financial disadvantage for the company is 3,500

Explanation:

Computation is Shown Below;

Sales Value at split-off Point = 24000

Subtract: Allocated joint Cost = 16800

Profit if sold at split-off point = 7200

Sales Value after processing = 35500

Subtract: Allocated joint Cost = 16800

Sub: Cost of further processing = 15000

Profit if Processing further = 3700

Financial Disadvantage = 3700 - 7200 = (3500)

5 0

3 years ago

Read 2 more answers