1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
max2010maxim [7]
3 years ago
10

The table below contains data for the country of batterland, which produces only waffles and pancakes. the base year is 2013 . p

rices and quantities year price of waffles quantity of waffles price of pancakes quantity of pancakes 2010 $2.00 80 $1.00 100 2011 $2.00 100 $2.00 120 2012 $2.00 120 $3.00 150 2013 $4.00 150 $3.00 200 refer to table 23-6. this country's inflation rate from 2010 to 2011 was
Business
1 answer:
ArbitrLikvidat [17]3 years ago
5 0

Firstly, you should calculate the prices of your market basket, which basically means multiply all the goods with their prices and then add them together in their respective years. This would give you $260, $440, $690 and $1200 in the years 2010 to 2013 respectively. (follow along by noting everything down)

We see that the base year is 2013, therefore if we want to calculate the inflation rate from 2010 to 2011, we have to calculate their price indices. We do this by dividing the maket basket of our chosen years by the market basket of the base year, therefore the price index of 2010 is $260/$1200, giving us 21.6. The price index of 2011 would be $440/$1200, giving us 36.6. To calculate the inflation rate, you find the difference between your two price indices and divide it by the former year, which would be 36.6 - 21.6 / 21.6 x 100, giving us the inflation rate of 69.2%.

You might be interested in
A small metal shop operates 10 hours each day, producing 100 parts/hour. If productivity were increased 20%, how many hours woul
ipn [44]

Answer:

The plant would have to work 8.33 hours

Explanation:

Initial productivity:

100 parts were produced in 1 hour

Percentage increase in productivity = 20%

New productivity:

100 + (100 × 0.2) = 100 + 20 = 120

120 parts would be produced in 1 hour

Number of hours the plant would have to work to produce 1000 parts = 1000/120 = 8.33 hours

3 0
3 years ago
The median annual household income in a certain community of 21 households is $50,000. If the mean income of a household increas
Ostrovityanka [42]

Answer:

answer is  Cannot be determined

Explanation:

given data

household income  = $50,000

increases =  10% per year

time = 2 year

solution

as we know that here mean is increase by 10 percentage

but from the mean  percentage increase in does not meaning that it will increase median also with same percentage

because median also increase by some percentage if data is move up

but we can not say it will move with same percentage

so here answer is  Cannot be determined from given data

5 0
3 years ago
Find the interest due on $700 at 10.5% for 90 days.. 19.11. 18.38
ludmilkaskok [199]
To answer the question, I assume that the given interest is annual and simple interest. The interest acquired by the investment in simple interest is given by the equation,
                                    I = P x i x n
where I is interest, P is present worth, i is rate and n is number of interest period. Assuming that a year is 360 days,
                                   I = ($700) x (0.105) x (90/360)
The answer is 18.375. Therefore, the interest due is approximately equal to $18.38. 
8 0
3 years ago
An adjusting entry that increases an asset and increases a revenue is known as a(n):
quester [9]

<u>Answer:</u>

<em>An adjusting entry that increases an asset and increases a revenue is known as Accrued Revenue.</em>

<u>Explanation:</u>

when an organization has earned income yet hasn't yet gotten money or recorded a sum receivable For the<em> situation of gathered incomes</em>, we get money after we earned the income and recorded an advantage.

The modifying section for a collected income consistently incorporates a charge to an advantage account (increment a benefit) and an a worthy representative for an<em> income account (increment an income).</em>

7 0
3 years ago
Taylor needs a natural resources in his venture to make his enterprise possible. Which of the following isn't considered a capit
Rina8888 [55]

<u>Answer:</u>

<em>The factors of production typically include land, labor, capital, entrepreneurship, and the state of technological progress.</em>

<u>Explanation:</u>

In economics, capital typically refers to money. But money is not a factor of production because it is not directly involved in producing a good or service.

Instead, it facilitates the processes used in production by enabling entrepreneurs and company owners to purchase capital goods or land or pay wages. For modern mainstream economists, capital is the primary driver of value.

8 0
3 years ago
Other questions:
  • Which of the following line items of the statement of cash flows must be obtained from the income​ statement?
    9·1 answer
  • Under a fixed exchange rate system, the government bears the responsibility to ensure that the BOP is near zero. If the sum of t
    9·1 answer
  • Vital Industries manufactured​ 2,400 units of its product Huge in the month of April. It incurred a total cost of​ $132,000 duri
    8·1 answer
  • Identify needed skills of employees and managers. Compare the use of ethnocentric, polycentric, and geocentric approaches to sta
    13·1 answer
  • Productivity is the
    15·1 answer
  • Using an annuity to fund a qualified retirement plan:(A)is unsuitable under any circumstances(B)is suitable if it is a fixed ann
    5·1 answer
  • LO 1.5What is corporate social responsibility, and who are the stakeholders?
    13·1 answer
  • If a firm decides to increase the depth of its offerings to address consumer preferences, what will it do
    13·1 answer
  • The ________ of an ad is defined as the average number of times a person must see or hear a message before it is truly received.
    7·1 answer
  • Price discrimination is not viable if consumers can resell the products they purchase. true or false
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!