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katovenus [111]

3 years ago

7

Public expenditure on the manufacturing sector will boost economic growth in the industrial revolution 4.0 eras. Justify your an

swer in TWO (2) points.

1 answer:

Ostrovityanka [42]3 years ago

8 0

Answer:

Industry 4.0 is used interchangeably with the fourth industrial revolution and represents a new stage in the organization and control of the industrial value chain.

Industry 4.0 has been defined as “a name for the current trend of automation and data exchange in manufacturing technologies, including cyber-physical systems, the Internet of things, cloud computing and cognitive computing and creating the smart factory”.

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3 years ago

Manisha could work for another firm making $10,000 per month, but she decides to open her own gourmet cheese store and pay her

Ghella [55]

Answer:

Manisha's economic profits are - $5,000.

Explanation:

Manisha could work for another firm making $10,000 per month, but she decides to open her gourmet cheese store and pay herself $2,000 per month.

In her first month of operations, she spends $6,000 on cheese, $1,000 on other items, and $2,500 on rent.

She had a great opening month and brought in revenues of $14,500.

The economic profits

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4 0

3 years ago

Using the continuous compounding equation, if someone invested $5,000 at an interest rate of 3.5%, and someone else invested $5,

UNO [17]

Answer:

Therefore after 16.26 unit of time, both accounts have same balance.

The both account have $8,834.43.

Explanation:

Formula for continuous compounding :

$P(t)=P_0e^{rt}$

P(t)= value after t time

$P_0$ = Initial principal

r= rate of interest annually

t=length of time.

Given that, someone invested $5,000 at an interest 3.5% and another one invested $5,250 at an interest 3.2% .

Let after t year the both accounts have same balance.

For the first case,

P= $5,000, r=3.5%=0.035

$P(t)=5000e^{0.035t}$

For the second case,

P= $5,250, r=3.5%=0.032

$P(t)=5250e^{0.032t}$

According to the problem,

$5000e^{0.035t}=5250e^{0.032t}$

$\Rightarrow \frac{e^{0.035t}}{e^{0.032t}}=\frac{5250}{5000}$

$\Rightarrow e^{0.035t-0.032t}=\frac{21}{20}$

$\Rightarrow e^{0.003t}=\frac{21}{20}$

Taking ln both sides

$\Rightarrow lne^{0.003t}=ln(\frac{21}{20})$

$\Rightarrow 0.003t}=ln(\frac{21}{20})$

$\Rightarrow t}=\frac{ln(\frac{21}{20})}{0.003}$

$\Rightarrow t= 16.26$

Therefore after 16.26 unit of time, both accounts have same balance.

The account balance on that time is

$P(16.26)=5000e^{0.035\times 16.26}$

=$8,834.43

The both account have $8,834.43.

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