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maxonik [38]
4 years ago
8

During the years 2015 through 2017, Question Query Inc., reported the following amounts of net income (in thousands of dollars):

Business
2 answers:
slavikrds [6]4 years ago
7 0

Answer:

The percentage change in net income was smaller in 2017 than 2016.

Explanation:

The percentage change in net income in 2016 was:

⇒ 150/120 -1 = 0.25 or 25%.

Whereas, the percentage change in net income in 2017 was:

⇒ 170/150 -1 = 0.1333 or 13.33%.

Hence, this statement is correct that percentage change in 2017 was 13.33% which was smaller than percentage change of 25% in 2016.

Eduardwww [97]4 years ago
3 0

Answer:

was smaller in 2017 than 2016

Explanation:

The percentage change in net income relative to prior year would be given as  the net difference between the two years income divided by the net income for the prior year.

As such,

the percentage change in net income

2015

= (120 - 0)/0

= ∞

2016

= (150 - 120)/120

= 25%

2017

= (170 - 150)/150

= 13.33%

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Explanation:

In the given question some equation is missing which can be defined as follows:

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Calculating the value of the MC:

MC = \frac{\partial TC}{\partial Q} \\

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compare the above equation (i) and (ii):

\to 320 -Q = 3Q+40\\\\\to 320 -40 = 3Q+ Q\\\\\to 280 = 4Q\\\\\to  4Q =280 \\\\\to Q= \frac{280}{4}\\\\\to Q= 70 \\

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