All categories

2 years ago

1.Describe the role that workers play in the game of economics.

1 answer:

8 0

In the game of economics, workers play a double role, functioning as both consumers and producers. The workers role is unique in the game of economics since they are directly involved. They are the ones who will manufacture, market, sell the products in an economy.

You might be interested in

Professor Shethinks Shesverybusy needs to allocate time this week for office appointments, so she needs to forecast the number o

Burka [1]

Answer: This Week's forecast = 78 appointments

Explanation:

4 Weeks ago = 95 , 3 Weeks ago =80 , 2 Weeks ago = 65 , last Week = 50

forecast : 2 weeks ago = 90

alpha = 0.20

exponential smoothing = recent previous appointment x a + forecast(1-a)

Forecast (last week) = 65 x 0.20 + 90 x (1 - 0.20)

Forecast (last week) = 13 + 72 = 85

Forecast for this week = 50 x 0.20 + 85 x (1 - 0.20)

Forecast for this week = 10 + 68 = 78

This Week's forecast would be 78 appointments

7 0

3 years ago

Can someone please help me answer these questions?

steposvetlana [31]

Answer:

I think these are personal questions which means there is no right answer

6 0

2 years ago

Define the sentence : A marketer can realise their goals by manufacturing ,selling , improving and modifying the product .

andreyandreev [35.5K]

Answer:

Having a great marketing strategy in place is key to the success of any business. Without a marketing strategy, you lack focus. And without focus, you will, quite simply, fail to reach any of the goals and objectives that you have set. Failure to plan is planning to fail.

Marketing is not a standalone, one-off activity. It is made up of several different components that are necessary throughout each and every stage of a business’s endeavours - from long before a sale is even made, to long after. With so much going on, it is essential to have a strategy in place.

4 0

2 years ago

Pete the Pizza Man produced $87,000 worth of pizzas in the past year. He paid $39,000 to employees, paid $11,000 for vegetables

Ne4ueva [31]

Answer:

$133,000

Explanation:

We can find Pete's total contribution to GDP by adding up the following numbers:

$87,000 worth of pizzas - because finished goods are part of GDP

$39,000 paid to employees - because wages are part of GDP

$5,000 paid in taxes - taxes are part of GDP because they are government revenue

$2,000 of inventories at the end of year - end-of-year inventories are included in GDP

Therefore: $87,000 + $39,000 + $5,000 + $2,000 = $133,000

the $11,000 worth of ingredients are not included in GDP because GDP only accounts for finished goods and services.

5 0

3 years ago

A company's common stock shares are expected to bring a 13 % return to their investors in case of "recession" state of the econo

Ludmilka [50]

Answer:

The expected rate of return is 8.65%

Explanation:

The expected return on a stock can be calculated by multiplying the return in each scenario by the probability of that scenario. This will provide the expected value of the return based on all these scenarios. Thus, the rate of return is,

Rate of return = rA * pA + rB * pB + rC * pC

Where,

r represents the return in each scenario
p represents the probability of each scenario

The probability of normal state is = 1 - 0.45 - 0.05 = 0.5

Rate of return = 0.13 * 0.45 + 0.06 * 0.5 + (-0.04) * 0.05

Rate of return = 0.0865 or 8.65%

3 0

3 years ago