Which controls almost all of the media industry?

Suppose iron ore is an input in producing steel. how will a decrease in the price of iron ore affect the market for steel

Lunna [17]

Direct relation. If iron is used to make steel, and iron is cheaper now, steel will also be cheaper. Decrease in price can mean they have a bunch of it, a surplus.
Supply and demand says if you got a lot of something prices go down. So if you have a lot of cheap iron, you can make a lot of cheap steel

3 0

3 years ago

Read the following actual bill. Sawtooth National Recreation Area and Jerry Peak Wilderness Additions Act Designates specified p

JulijaS [17]

The answer is "Amendments can be added to the bill in committee." This is because they can add some legal document to the bill and more programs to it. Programs such as building the subjects like c<span>emeteries and funerals, forests, land transfers, parks, recreation areas, and trails.</span>

8 0

3 years ago

A business school would like to know that whether the average number of years of work experience of MBA applicants is less than

VMariaS [17]

Answer:

The test statistic t of the sample is -0.804.

There is sufficient evidence to ascertain that the average number of years of work experience of MBA applicants is less than 3 years.

Explanation:

Null hypothesis: The average number of years of work experience of MBA applicants is 3 years.

Alternate hypothesis: The average number of yet of work experience of MBA applicants is less than 3 years.

Test statistic (t) = (sample mean - population mean) ÷ sd/√n

sample mean = 2.57

population mean = 3

sd = 3.67

n = 47

t = (2.57 - 3) ÷ 3.67/√47 = -0.43 ÷ 0.535 = -0.804

Assuming a 5% significance level

degree of freedom = n - 1 = 47 - 1 = 46

The critical value corresponding to 46 degrees of freedom and 5% significance level is 2.013.

Conclusion:

Reject the null hypothesis because the test statistic -0.804 is less than the critical value 2.013.

The years of work experience of MBA applicants is less than 3.

5 0

3 years ago

Musashi lives in Philadelphia and runs a business that sells pianos. In an average year, he receives $704,000 from selling piano

Gnoma [55]

Answer:

Explicit costs are actual costs which Yakov must make while implicit costs are opposite of explicit costs, Implicit costs are opportunity costs.

Grouping them, we have the following;

•The wages and utility bills that Yakov pays. => Explicit costs

•The salary Yakov could earn if he worked as a paralegal.=>Implicit Costs

•The wholesale cost for the pianos that Yakov pays the manufacturer. => Explicit costs

•The rental income Yakov could receive if he chose to rent out his showroom =>Implicit Costs

2) Yakov's accounting and economic profit of his piano business.

Profit($)

Acct Profit.......... Economic Profit

$14,000. .............. -$9,000 (loss)

•Yakov's accounting profit will be his revenue - explicit costs.

Therefore accounting profit=

$704,000 - ($404,000 - $286,000) = $14,000

• Yakov's economic profit will be (accounting profit - (rent + forgone salary)

Therefore, accounting profit =

$14,000 - ($3,000+$20,000) = -$9,000

4 0

3 years ago

Vanessa bought a house for $268,500. She has a 30 year mortgage with a fixed rate of 6.25%. Vanessaâs monthly payments are $1,59

Musya8 [376]

Answer:

Ans. A) $9,314.45

Explanation:

Hi, first we have to bring to present value the monthly payments to be made for 30 years (360 months). In order for this to be useful, we have to convert this annua compounded monthly rate (6.25%) to an effective rate, that is 6.25% / 12 = 0.5208%. Now, when we find this present value, we are going to substract it from the price of the house and that is the value of the down payment. But let´s just go ahead and do it together.

We have to use this formula to bring to present value the $1,595.85 monthly payments, for 30 years (360 months) at a rate of 6.25% (0.5208% monthly).

$PresentValue=\frac{A((1+r)^{n}-1) }{r(1+r)^{n} }$