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3 years ago

The consumer price index is

1 answer:

5 0

The consumer price index (CPI) is a measure of percentage change in the price of a basket of good and services consumed by households.

Another simple definition could be…

consumer price index (CPI) is a measure of the average change in prices over time in a fixed market basket of good and services

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Trail Bikes, Inc., makes and distributes Trail-brand bicycles and accessories to authorized dealers. To prevent price-cutting by

slamgirl [31]

Answer:

Territorial restriction

Explanation:

Territorial restriction is the way that a manufacturer restricts the territory where a wholesaler or retail seller is able to sell products.

Manufacturers usually use this technique to reduce Interbrand competition and control price.

In the given scenario Trailer Bikes Inc supplies bicycles to dealers and restricts where they can sell the bicycles to prevent price-cutting by dealers in direct competition.

3 0

3 years ago

What is the difference between independent variables and dependent variables in a spreadsheet?

kirill115 [55]

On a spreadsheet there are two types of variables independent and dependent. Independent variables refer to those that can be changed and their value that is changing. A dependent variable is something that remains the same and the value of it does not change.

6 0

3 years ago

A graphics reproduction firm has four units of equipment that are automatic but occasionally become inoperative because of the n

elena55 [62]

Answer:

(a) Average number of unit in line = 0.256

(b) Average number of unit in operation= 3.209

Explanation:

Given Data:

Number of machine N = 4

Number of attendant (S) = 1

Service time (T)= 5 mins

Time required by the machine before servicing = 30 mins

Calculating the service factor (X) using the formula;

X = T/(T+U)

= 5/(5+30)

= 5/35

= 0.1429

(a) Calculating the average number of unit in line (L) using the formula;

L = N* (1-F)

where, N = Number of unit

F = efficiency factor

L = average number of unit in line

Using the finite queuing table at X = 0.1429 and S = 1,

Efficiency factor = 0.936

Substituting, we have;

L = 4*(1-0.936)

= 4* 0.064

= 0.256

H = N*F*X

= 4 *0.936*0.1429

= 0.535

(b) Calculating the average number of unit in operation using the formula;

Average number of unit in operation= Number of unit-down unit

But down unit = L+H

The formula becomes;

Average number of unit in operation= Number of unit-(L+H)

= 4 - (0.256+0.535)

= 4-0.791

= 3.209

6 0

3 years ago

Mr. king performs the service of painting his own house instead of paying someone else to do it. this activity is ▼ excluded inc

neonofarm [45]

Mr. King performs the service of painting his own house instead of paying someone else to do it. This activity is excluded in GDP.
GDP stands for Gross Domestic Product.
It measures the market value of all final goods and services produced in a country during a given time period . In other words GDP measures an economy's performance. If Mr. King pays someone to paint his house, then it will be included in the GDP.

3 0

3 years ago

Suppose a firm incurred explicit costs of $900 and implicit costs of $200 during a day. If that day the firm sold 8 units at $30

likoan [24]

Answer:

d. $1,500 and its economic profits are $1,300.

Explanation:

The computation is shown below

For accounting profit, it is

= Total revenue - Explicit cost

where,

Total revenue is = 8 units × $300 per unit = $2,400

And, the explicit cost is $ 900

So, the accounting profit is

= $2,400 - $900

= $1,500

And, the economic profit is

= Total Revenue - explicit cost - implicit cost

= $2,400 - $900 - $200

= $1,300

Simply applied the above formulas so that the both profits could arrive

5 0

3 years ago