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4 years ago

In a market economy, _____ own(s) all the basic resources or factors of production.

1 answer:

6 0

In a market economy, households hold all the basic resources or factors of production. This is because, a market economy is the type of economy in which economic decisions and the prices of goods are determined by the aggregate interactions of the nation's individual citizens and businesses.

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There is a 4 percent error rate at a specific point in the production process. If an inspector is placed at this point, all the

Vsevolod [243]

<u>Solution and Explanation:</u>

The given data is as follows:

Error rate = 4%, per hour payment of inspector = $8, inspection of units = at the rate of 49 per hour, cost = $9 per unit

The problem can be solved as considering an opportunity to have an improvement of 4% in the quality.

In case inspector is not hired then it will cost .04 multiply 9= $.3.6 per unit and in case the inspector is hired it will cost $ 0.163 approx.(8 divided by 49).

Therefore, on comparison, it is recommended to hire the inspector.

8 0

3 years ago

Navistar Electric issued 1000 debenture bonds 2 years ago with a face value of $5,000 each and a bond interest rate of 15% per y

Natasha2012 [34]

Answer:

$7,081.25

Explanation:

Face value = 5000

Coupon = 15% paid annually. Semi annual payment = 750/2 = 375

Time to maturity = 18 years

Interest rate = 10% compounded semi-annually

P = 375(P|A, 5%, 36) + 5000(P|F, 5%, 36)

P = 375(16.58131488) + 5000(0.17265193)

P = 6217.99308 + 863.25965

P = 7081.25273

P = $7,081.25

So, the present worth of one bond today is $7,081.25

4 0

3 years ago

A person invested $20,000 into two accounts that pays 2.5% and 3% simple interest annually, respectively. find the amount invest

denpristay [2]

Let:
x = amount in the account invested in 2.5%
20000 - x = amount in the account invested in 3%

Solution:
.025x + .03 (20000 - x) = 540
.025x + 600 - .03x = 540
-.005x + 600 = 540
-.005x = 540 - 600
-.005x = -60
x = 12000

Therefore, that person invests 12,000 at 2.5%
and
20,000 - 12,000 = 8,000 at 3%

8 0

3 years ago

Read 2 more answers

A cosmetics company is planning the introduction and promotion of a new lipstick line. The marketing research department has fou

Mademuasel [1]

Answer:

p = 59.11 dollars

Explanation:

Given

Price: p(x) = 8eˣ (0 ≤ x ≤ 2)

Revenue; R = x*p = 8xeˣ

p = ? when R be at maximum

We can apply

dR/dx = d(x*p)/dx = 0

⇒ d(8xeˣ)/dx = 8*(1*eˣ + x*eˣ) = 0

⇒ eˣ*(1 + x) = 0 ⇒ x = - 1

as x = - 1 ∉ [0, 2]

then, we have

p(0) = 8e⁰ = 8

R = 0*8 = 0

If x = 1

p(1) = 8e¹ ≈ 21.74

R = 1*21.74 = 21.74

If x = 2

p(2) = 8e² ≈ 59.11

R = 2*59.11 = 118.22

Implies that, R(x) is maximum at x = 2.

Thus, the price that maximize the revenue of the company is 59.11 dollars.

7 0

3 years ago

Kimbeth Manufacturing uses a process cost system to manufacture dust density sensors for the mining industry. The following info

Lena [83]

Answer:

$6 per unit

Explanation:

using the weighted average method:

units completed 92,000 x 100% (both materials and conversion)

ending work in progress 24,000

materials 90% completed = 21,600
conversion 40% completed = 9,600

equivalent unit conversion costs = total conversion costs / total equivalent units of conversion

total conversion costs = $20,320 + $15,240 + $$182,880 + $391,160 = $609,600
total equivalent units of conversion = 92,000 + 9,600 = 101,600

equivalent unit conversion costs = $609,600 / 101,600 units = $6 per unit

4 0

3 years ago