Answer:
The CPI and inflation rate in 2010 is 173.33 and 73.33% respectively.
Explanation:
The computation of the CPI and the inflation rate for the year 2010 is shown below:
For CPI
= (Current year price) ÷ (Base year price)
where,
Current year price is
= 30 bottles × $4 + 6 yard × $6
= $120 + $36
= $156
The 30 bottles is come from
= $60 ÷ $5
= 30
And, the 6 yard is come from
= $30 ÷ $5
= 6
Now the base year price is
= $60 + $30
= $90
So, the CPI is
= ($156) ÷ ($90) × 100
= 173.33
And, the inflation rate is
= (173.33 - 100) ÷ (100) × 100
= 73.33%
Answer:
a. Hospitals will choose a quantity and quality combination that maximizes the hospitals profit
Explanation:
As per the quantity and quality model fo the hostipal behavior is focused on the selection of the quantity and quantity combination that maximize the profit of the hospitals
Therefore as per the given situation, the a option is correct as for every type of organization the main motive is to maximize the profit
So the option a is right
And, the rest of the options are wrong
I think it's A because you can lease a car by signing a contract. You don't personally own what you lease BUT you get to use it for a specific amount of times
Yes, I would agree about this definition of economic resources and how it is deciding how to utilize land, labour and capital. Just how it is utilized depends on the aims of both the government and industry. If it is a capitalist economy, then these resources will be used primarily for enhancing the profit of the corporations though theoretically if the citizens have fought for it, there will also be some favorable social programs like medicare and a decent education system. On the other hand, if there is a socialist oriented government like now in many Latin american countries, then the resources will be used primarily to benefit the needs of the vast majority of poor people.
Answer:
Build more factories, Expand the size of current factories, Use cheaper materials
Explanation:
Long run is not a precise period of time thereby meaning it could span from a year to eternity, which is adequate time to plan and grow. Building more factories will increase the growth in size for the capacity for more production as well as expanding the size of the current factories. Due to the fact that there is a constraint of production capacity the company should look for alternatives in production technology in the long run so as to reduce cost of materials but with the same production quality.