Answer:
It would take East Vice City 36 years to catch up to the real per capita GDP of North Metropolania
Explanation:
Please find the detailed explanations and calculations as below:
Denote x is the number of years that needs to be found.
For East Vice City to catch up to the real per capita GDP of North Metropolania, we have the equation to show the real GDP of North Metropolania equals to that of East Vice City after x years as followed:
6,000 x 1.0233^x = 1,500 x 1.07^x <=> 4 x 1.0233^x = 1.07^x <=> x = 36 years
Answer: C. Measure performance
Explanation: Controlling is the managerial functions of planning, staffing, organizing, implementing and directing. It helps to check the errors and take corrective action, so it is known as an important function of management. It is necessary to ensure that the desired results are achieved.
The control process is the system that allows setting, measure, match and tweak any business activities such as production, packaging, delivery and more. ... The control process is the functional process for organizational control that arises from the goals and strategic plans of the organization.
Answer:
Income effect
Explanation:
The effect is because the customer purchasing power has been changed due to which he is now able to buy more to fulfill his needs and wants. The income effect occurs due to two reasons.
Number 1. The real income of the person has been increased which means his purchasing power has been increased. This means previously you were earning $2000 a month and now you are earning $10000 a month. Now you can buy New Iphone every month because your real income has been increased and this has increased your purchasing power.
Number 2. The price of the product has been fallen and now it is in range of the purchasing power of the customer. This means that if Iphones 11 are available at $100 then everybody buy Iphone 11. This is because the product is in the range of purchasing power of greater number of customers.
Answer:
400
Explanation:
Qd = 45 - 2P
Qd = -15 + P
45 - 2P = P - 15
60 = 3P
60/3 = P = 20
Q = 45 - 2*20 = 5
Q = -15+20 = 5
The quantity will be 5 and price 20
<u>Now we will caclulate the consumer surplus:</u>
Which the area of the demand curve above the equilibrium.
We calculate he area of a triangle:
base x high / 2
consumer surplus = 400
