Based on the Hockey Stick of Human Prosperity, two changes to economies include:
- Reduction in child mortality.
- Increase in life expectancy.
<h3>What is the Hockey Stick of Human Prosperity?</h3>
- Refers to the fact that since the industrial age, humans have become richer and more prosperous.
- This is in contrast to the time before the industrial age where most people were poor and suffered from diseases.
As a result of the rise in human prosperity, there is less child mortality than before, and people can now live to be significantly older than they used to in the past.
In conclusion, humans are more prosperous now.
Find out more about the Industrial Age at brainly.com/question/13323062.
Answer:
some numbers are missing, so I looked for similar questions:
"Tuition of $1044 will be due when the spring term begins in 7 months. What amount should a student deposit today, at 7.62% to have enough to pay the tuition?"
we can use the present value formula to solve this:
present value = future value / (1 + r)ⁿ
- future value = $1,044
- n = 7
- r = 7.62% / 12 = 0.635%
present value = $1,044 / (1 + 0.00635)⁷ = $1,044 / 1.045305791 = $998.75
if the numbers are not the same, just adjust the formula inputting the correct numbers, but the procedure should be the same.
Answer:
a. $129,500
Explanation:
Conversion costs includes all those costs which are used to convert the raw material into the finished goods. All the manufacturing costs excluding material costs are included in the conversion cost.
Total Conversion Cost is calculated as follow:
Direct Labor cost $84,000
Add: Applied Factory overheads <u>$45,500</u>
Total Conversion cost <u>$129,500</u>
The decision-making process followed by consumers to maximize utility assumes that the consumer has a limited income, the consumer is able to rank their preferences, the consumer behaves rationally.
The term utility used by the economist as a measure of satisfaction, happiness, a joy of a person.