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lyudmila [28]
3 years ago
14

What’s a industry-wide sales volume? What’s the different of dollars and units?

Business
1 answer:
vaieri [72.5K]3 years ago
4 0

Answer:

<u><em>What’s a industry-wide sales volume? </em></u>

It is a measurement of the average of money and units sold showing  the size of an specific industry.

<u><em>What’s the different of dollars and units?</em></u>

The expresion in dollars shows the economic variatoion of the industry and in units shows how the production is growing or reducing.

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Mark produced 9 cans of sauce with 3 pounds of tomatoes. When he increased to 5 pounds, he produced 13 cans. What is the margina
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Answer:

Marginal Product is 2

Explanation:

Marginal Product (MP)  is defined as the ration of change in quantity of output produced to the change in quantity of input raw material

Change in quantity of input raw material = 5 -3 = 2

Change in quantity of output of products = 13 - 9 = 4

Marginal Product (MP) = \frac{4}{2} = 2

Marginal Product is 2

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2 years ago
The most recurring item on a data list
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Make use of Python Counter which returns count of each element in the list.
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A person should consume more of something when its marginal.
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True

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You are considering a job that offers a pension of 80% of your highest yearly salary prior to retirement. You expect your highes
lara31 [8.8K]

Answer:

1,120,000 dollars

Explanation:

The pension income is 80% out of current salary of 70,000 dollars, therefore 56,000 dollars. For this to be future retirement stream savings must be at a level of 1,120,000 dollars or 56,000/0,05. This strategy would assume 5% return on savings or investments and the lifestyle in retirement equal to pre-retirement period. This strategy would also assume no additional post-retirement income.

7 0
3 years ago
Suppose that during the past year, the price of a laptop computer rose from $2,750 to $2,880. During the same time period, consu
icang [17]

Answer: Elasticity of demand is 7.06

Explanation:

P1= $2,750

P2=$2,880

Q1=446,000

Q2=321,000

Elasticity = \frac{Q2 - Q1}{\frac{Q1 + Q2}{2} } * \frac{\frac{P1 + P2}{2} }{P2 - P1}

Elasticity = \frac{321,000 - 446,000}{\frac{446,000 + 321,000}{2} } * \frac{\frac{2750 + 2880}{2} }{2880 - 2750}

Elasticity = \frac{-125,000}{383,500} * \frac{2815}{130}

Elasticity = - 0.3259*21.6598

Elasticity = -0.76

Thus, elasticity of demand for laptops is 7.06. This means that laptops are highly price elastic as it is greater than 1.



8 0
3 years ago
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