The answer is a loan agreement because you agreed to by the car
Answer:
The expected value of the car you will buy is $22,000
Explanation:
In the given question, the car values are symmetrically distributed which means that we have to compute the mean between the values that are mentioned in the question.
So, the mean is an average of the numbers, the computation is shown below:
= (Value 1 + value 2) ÷ (number of observations)
= ($20,000 + $24,000) ÷ 2
= $22,000
Answer: c. only final goods to avoid double counting when including intermediate goods
Explanation:
The Gross Domestic Product (GDP) is an economic measure that aims to quantify the strength of an economy by checking it's Economic Activity.
When Calculating GDP, the FINAL value of goods and services produced WITHIN a country are the only amounts included to avoid Double Counting of products.
For example, if in making a television, the company making the TV bought electrical parts for $100 and the LED screen for $50 with labour costs of $50 and then sold it to a store for $300 that then sells the Television at $500, $500 is the amount that is included in GDP calculation. None of those other figures will be added again because they are already implicitly included in the final $500.
Answer:
$0
Explanation:
Profits will be $0 if sales turn out to be $3.2 million.
Profit will decrease by ($0.20) million.
Degree of operating leverage = change in operating income ÷ change in sales
(EBIT1 - 0.20) ÷ 0.20 = -1
(EBIT1 - 0.20) = -0.2
EBIT 1 = 0
Therefore,
Profits = $0