Answer:
Given that
India GDP = 119 trillion rupes
USA GDP = $16.5 trillion
61 rupes = 1 dollar
Therefore
India GDP = 119/61 = $1.95 trillion.
a. Ratio of India GDP to US GDP
= 1.95 : 16.5
That is (1.95 ÷ 16.5) × 100
= 11.818%
Thus,
India GDP is approximately 11.82% of USA GDP.
b. Given that price level = 0.280
Thus,
Real GDP ratio
= 0.11818 ÷ 0.280
= 0.422
Therefore, in terms of purchasing power, India GDP = 42.2% of USA GDP.
c. The reason why they are different is because the second ratio accounts for the facts that goods and services costs less in India than in USA.
C. by the local franchisee.
If a hotel or restaurant is franchised, the property is most commonly owned by the local franchise.
<h3>
What is a franchise?</h3>
A franchise (or franchising) is a technique of selling goods or services that involves a franchisor who creates the brand's trade name and business model and a franchisee who pays a royalty and frequently an upfront fee to have the right to use the franchisor's name and system. The term franchise technically refers to the agreement that binds the two parties, but it is more frequently used to describe the business that the franchisee runs. The process of developing and disseminating a brand and franchise network is known as franchising.
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Answer: a. Car Drivers
b. parking spaces
c. Parking
Explanation: A queuing system is a mathematical model used in congestion control. Similar to the physical queues we use daily, it assigns resources (or coffee) to the users of a service based on the arrival time.
A parking lot provides customers (car owners/drivers) with the service of packing their car in an area designated for that sole purpose, so that they don’t get a parking ticket for example.
Here the car drivers are the customers, and the parking spaces available can be viewed as the server. One of the limiting factors in a queuing system is the server. When the servers are idle, service is provided without the need to queue. This changes when they are occupied. When we compare a parking lot to a queuing system, the available spaces are the limiting factor.
Sales account is least likely to have a subsidiary ledger, so the correct answer is (a).
All sales transactions are documented in a sales account. Both credit and cash sales are included in this. The net sales amount that appears at the forefront of the income statement is determined by adding the account total to the sales returns and allowances accounts. A current client could also be referred as a sales account. A customer becomes a marketing account once a sale has been made to them. In order to arrive at a number referred to as net sales, the achieve business is typically merged with the returns and allowances account.
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Answer:
so maximum amount that consumers are willing to pay for the quantity demanded at this price = $168
Explanation:
given data
Q = 20 - P
P = $8
to find out
maximum amount that consumers are willing to pay for the quantity demanded at this price
solution
we get here demand at current market price that is
Q = 20 - P
Q = 20 - 8
Q = 12
and Total expenditure incurred will be at at current market price will be
Total expenditure incurred = Price × Quantity ..................1
Total expenditure incurred = $8 × 12
Total expenditure incurred = $96
and
we get price when Q = 0
Q = 20 - P
P = 20
so now consumer surplus will be here as
consumer surplus = 0.5 × ( Price when(Q = 0) - Current market price) × Quantity ............................2
put her value we get
consumer surplus = 0.5 × ( 20 - 8 ) × 12
consumer surplus = $72
and
now we get maximum amount that is
maximum amount = Current expenditure + Consumer surplus
maximum amount = $96 + $72
maximum amount = $168
so maximum amount that consumers are willing to pay for the quantity demanded at this price = $168
