In general, how would your best friend describe you as a risk taker?

Marci spends 8 hours researching and writing a 26-page report for her philosophy class. Jack brags that he has a "streamlined

Leno4ka [110]

Answer:

Productivity is measured by the amount of output per unit of input.

In this case, the inputs will be the hours spent doing research and writing their essays. Output will equal the amount of pages written.

Marci spent 8 hours and wrote a 26 page long report, so her productivity = 26 pages / 8 hours = 3.25 pages per hour

Jack spent 20 hours and wrote a 26 page long report, so his productivity = 26 pages / 20 hours = 1.3 pages per hour

Marci is much more productive in terms of hours spent doing and writing, and how long the report is.

The problem with this type of analysis is that we do not know if Marci's report was good or bad, and the same applies to Jack's. Since we do not know what grade they got, we cannot be sure how effective their work was.

7 0

3 years ago

The Country Fields Retirement Community charges $6000/month for a single senior citizen to reside in an efficiency apartment wit

Karolina [17]

Answer:

a) 300

b) $100,000

Explanation:

Data provided in the question:

Charges by Country Fields Retirement Community per senior citizen = $6000/ month

Operating expenses = $600,000 per month

Cost for each person = $4000 per person per month.

Now,

a) Let the break even number of senior citizen residents be 'x'

Now,

At break even

Total revenue = Total cost

Thus,

$6000x = $600,000 + $4,000x

or

$2000x = $600,000

or

x = 300

b) Total profit or loss = Total revenue - Total cost

for 350 senior citizens

Total profit or loss = ($6,000 × 350 ) - ($600,000 + $4,000 × 350)

= $2,100,000 - $2,000,000

= $100,000 [Positive value means profit]

8 0

4 years ago

A Deductible is what

Artyom0805 [142]

B the amount of loss you pay

8 0

3 years ago

If the French euro devalued by 17% against the U.S. dollar, this is equivalent to a revaluation of the dollar against the euro b

jenyasd209 [6]

Answer:

C) 20.48%

Explanation:

I will use an example to show this:

1€ = $1

if the euro depreciates by 17%, then the exchange rate will be 0.83€ = $1

in order for the euro to recover its previous value against the dollar, it needs to increase 0.17€ / 0.83€ = 0.2048 = 20.48%

in other words, a 17% depreciation is equivalent to a 20.48% revaluation.

3 0

3 years ago

The money multiplier equals:________.

Serjik [45]

Answer: B. 1/R, where R represents the reserve ratio for all banks in the economy.

Explanation:

The Money Multiplier is the money that Banks generate given a certain RESERVE REQUIREMENT/RATIO.

A Reserve Requirement is money that the Central Bank requires that Banks do not loan out and instead keep in reserve.

For example, if the reserve rate is 10% and a bank has $10 they can only loan out $9.

Assuming they loan out $9 then they created $19 in the economy because their customers still own the original $10 but now they have also given loans of $9. The people who take the loans then deposit it in another bank. That bank would keep $0.90 in reserve and loan out $8.10 meaning that $27.10 now exists in the economy.

The process goes on and on until it gets to $100.

A simpler way to get to the final figure is to divide 1 by the reserve requirement = 1/r which is the money multiplier.

Using the above example, that would be 1/0.1 which is 10.

Multiplying this 10 by the initial deposit of $10 will give you that same $100.

8 0

3 years ago

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