Answer:
Three objectives of a tariff are
1) To control trade between countries
2) To protect domestic industries
3) To provide a source of income
Three characteristics of a tariff are;
1) Adequate return
2) Attractive
3) Fairness
Explanation:
A tariff is an import or export tax placed on goods traded between countries, it serves to control the foreign trade between the two countries and to protect or develop local industry
A Tariff is an important source of income to countries
Three characteristics of a tariff are;
1) Adequate return
Proper return from the consumer should be factored in a tariff to account for the alternatives or normal expense pattern
2) Attractive
The tariff should be attractive to encourage consumption of electricity or complimentary goods
3) Fairness
Based on the consumption of related resources brought about by large scale utilization, large consumer tariff should be lower than those that consume less complementary resources.
Answer:
The mechanical advantage is 3 to 1
Explanation:
A frictionless pulley with three support ropes carries equal tension on each of the ropes thus;
Tension in each pulley rope = T
Total tension in the 3 ropes = 3 × T = 3·T
Direction of the tension forces on each rope = Unidirectional
Total force provided by the 3 ropes = 3·T
Therefore, a force, T, applied at the end of the rope will result in a lifting force of 3·T
Hence, the mechanical advantage = 3·T to T which is presented as follows;
The mechanical advantage = 3 to 1.
Answer:
- <em><u> Land, labor, and capital </u></em>
Explanation:
The <em>factors of production </em>are the resources that are used to produce goods and services.
By definition resources are scarce.
<em>Land</em> includes everything that comes from the land, that can be used as raw material to produce other materials; for instance, water, minerals, wood.
<em>Labor</em> is the work done by anybody, not just at a factory but at any enterpise that produce a good or a service. For instance, the work done by a person in a bank or a restaurant.
<em>Capital</em> is the facilites (buildings), machinery, equipments, tools that the persons use to produce goods or services. For instance, a computer, a chemical reactor, or a pencil.
Nowadays, also entrepreneurship is included as a <em>factor of production</em>, since it is the innovative skill of the entrepeneurs to combine land, labor and capital what permit the production of good and services.
Answer:
See explaination and attachment.
Explanation:
Iteration method is a repetitive method applied until the desired result is achieved.
Let the given equation be f(x) = 0 and the value of x to be determined. By using the Iteration method you can find the roots of the equation. To find the root of the equation first we have to write equation like below
x = pi(x)
Let x=x0 be an initial approximation of the required root α then the first approximation x1 is given by x1 = pi(x0).
Similarly for second, thrid and so on. approximation
x2 = pi(x1)
x3 = pi(x2)
x4 = pi(x3)
xn = pi(xn-1).
please go to attachment for the step by step solution.
5x-30=2
5x=2+30 (not -28) when the -30 is brought over to the RHS, 30 should be added to 2 instead of subtracted
hence, 5x=32
x = 6.4
