Answer:
The predicted sales revenue for 2017=$501,334.008
Explanation:
If something reduces at a constant rate over a specified period of time, then it can be represented using an exponential function as follows;
y=a(1-r)^x, or y=ab^x
where;
y=final sales revenue after the reduction
a=initial sales revenue before the reduction
1-b=reduction factor
x=time interval
In our case;
y=$590,000
a=$780,000
1-r=b=unknown
x=2011-2000=12 years
replacing;
590,000=780,000.b^12
b^11=590,000/780,000=0.756
b=0.756^(1/12)
b=0.977
r=1-0.977=0.023
Determine predicted sales revenue;
y=ab^x
y=sales revenue in 2017
a=sales revenue in 2011=$590,000
b=0.977
x=7 years
replacing;
y=590,000(0.977)^7
y=$501,334.008
The predicted sales revenue for 2017=$501,334.008
Answer:
Harry loves both hot dogs and hamburgers. He receives about the same satisfaction from eating one hamburger as he does from eating one hot dog, and the two goods fill the same need in Harry's life. The price of hot dogs has been extremely volatile for the past several years, and this year is no exception Hot dog prices decreased tremendously this month Assuming hot dogs and hamburgers are substitutes for Harry, what is the effect on Harry's demand for hamburgers due to the decrease in the price of hot dogs?
There will be a movement down along his demand curve
Explanation:
Reason behind the decrease in demand curve for hamburger would be as a result of decrease in the price of hot dog which would increase the demand since they could be substituted for each other because of their benefits; hence, the demand curve for hamburger would be decreased or mov e down
Answer: increased by $20 billion
Explanation:
Real GDP is year of interest is:
= (Nominal GDP in year of interest/ GDP Price index in year of interest) * 100
= 480/120 * 100
= $400 billion
Nominal GDP is equal to Real GDP in base year so increase in real GDP is:
= 400 - 380
= $20 billion
Answer:
Shopping products
Explanation:
Shopping products usually involves the customer doing comparison shopping as customer like to compare price, quality, offers, discounts etc. There are several websites which help the customer in comparing the products available of various brands and then buying the product. It is helpful in making smart purchase and buying the products which are worth for the money spent. It give complete analysis of product quality and price.
Answer:
The correct word for the blank space is: Shareholders.
Explanation:
A Shareholder is a person company or other entity that owns at least one share of company stock. Another word for <em>shareholder </em>is <em>stockholder</em>. When a shareholder buys a company stock provide them with funds to run and grow a business. The government is in charge of providing regulations to promote a safe environment in the market to promote investments from stockholders.
