What is the opportunity cost of producing more shoes?

Suppose that real GDP per capita in the United States is $49,000. If the long-term growth rate of real GDP per capita is 1.6% pe

Stells [14]

Answer:

n = 43.6673555

it will take 43.67 year to achice a real GDP of 98,000

Explanation:

we solve for time of a future lump-sum:

$PV (1+r)^n = FV\\(1+r)^n = FV / PV\\$

we use logarithmics properties:

$(1+r)^n = FV/PV\\log_{1+r}FV/PV = n\\n = \frac{log FV/PV}{log(1+r)}$

PV 49,000

FV 98,000

rate 1.6%

$n = \frac{log 98,000/49,000}{log(1+0.016)}$

n = 43.6673555

4 0

2 years ago

What is 1,000 yen in the usa

Ostrovityanka [42]

Still 1000 yen it’s just in the united states of america now

3 0

3 years ago

Miller owns a personal residence with a fair market value of $380,900 and an outstanding first mortgage of $304,720, which was u

Romashka [77]

Answer:

$304,720

Explanation:

According to the IRS, qualified principal residence indebtedness may include:

1) Debt incurred in order to purchase, build or improve your house or main residence, and the debt is secured by the house or principal residence (mortgage).

Or

2) Any house debt in (1) that is refinanced in order to improve, build or purchase something of your house or principal residence, e.g. you refinance your mortgage in order to build a swimming pool. The loan balance cannot exceed the original mortgage.

A fishing boat is not considered a home improvement, so the equity loan is not considered qualified residence indebtedness.

6 0

2 years ago

In the hospitality industry, the two largest expositions are the american hotel & lodging association conference and the ___

Phantasy [73]

The choices are:
A) Food Safety Executives B) National Restaurant Association
<span>C) International Hotel/Motel & Restaurant Show D) Hospitality Design Expo
</span>
The answer is B) National Restaurant Association, it <span>is known and recognized as the largest foodservice trade association in the world that supports thousands of restaurants. NRA has a reputable status in the hospitality industry. The aim is to help empower restaurant entrepreneurs and provide support for its members. </span>

7 0

2 years ago

The supply of aged cheddar cheese is inelastic, and the supply of bread is elastic. Both goods are considered to be normal goods

Kryger [21]

Answer:

D) a decrease in both the aged cheddar cheese and bread markets.

Explanation:

A 10% income tax increase will shift the aggregate demand curve to the left, reducing total demand. This should affect both necessities and luxury goods.

In this case, the demand curve for both aged cheddar cheese and bread will shift to the left, reducing the total quantity demanded at every price level. This will result in a lower equilibrium price for both goods.

3 0

3 years ago