The answer is: averaged over time, Sheridan attends worship services regularly.
When we use principle of aggregation, we would not rely on single measurement to make a representation of a person's behavior. We rely more on multiple sets of measurements.
From the case above, Sheridan not attending the services for two weeks could be explained by things such as personal issues or physical illness. Since she considers herself as religious who attend regularly, it is very likely that averaged over time, Sheridan attends worship services regularly.
Answer:
Increasing Canadian GDP:
-Toyota, a Japanese company, manufactures cars in Toronto, Ontario.
-ATI Technologies, a Canadian company, operates in Alberta.
Increasing American GDP:
-Toyota, a Japanese company, manufactures cars in San Antonio, Texas.
-Starbucks, a U.S. company, opens stores in New York state.
-Tim Horton's, a Canadian company, opens coffee shops in New England.
Explanation:
Gross domestic product (GDP) is the sum of all final goods and services produced in an economic space for a certain period, usually one year, excluding the intermediate consumption used in production. Until the 1980's, the use of Gross National Product (GNP) was preferred, a measure almost identical to GDP but incorporating goods and services produced by external factors. The variation in this macroeconomic magnitude is often used to measure economic growth.
Answer:
Increase by $37,100.
It will accept any time the price is above $43 with the condition it will not incur in additional fixed cost.
$63. is the sales price that generates 106,000 dollar of operating income
Explanation:
As the units will not inccur in any additional fixed cost we should check for the contribution margin this units will provide:
50 dollars - 43 dollar of variable cost = 7 dollars
5,300 saws x $7 = 37,100
The sales reveues will increase by that amount.
(5,300 x $43 dollars each in cost + 106,000 contribution )/5,300 = sales price
sales price = 63
Answer:
The answers are It is more efficient on the cost side for one producer to exist in this market rather than a large number of producers. And It is true that without government regulation, natural monopolies can earn positive profit in the short run.
Explanation:
It is more efficient on the cost side for one producer to exist in this market rather than a large number of producers.
Without government regulation, natural monopolies can earn positive profit in the short run. It is a true statement.
Answer:
$10,000
Explanation:
Probability that Bikul wrecks the car is 0.10
loss of wrecking the car is $100000
Therefore risk of wrecking the car = Probability x loss
risk = 0.10 x 100000 = 10,000
premium can be equated with risk, hence premium = $10000
