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2 years ago

MARK YOU THE BRAINLIEST! Explain how production gives form utility to natural resources.

Business

1 answer:

vampirchik [111]2 years ago

7 0

Explanation:

land has a broad definition as factor of production and can take many forms from agricultural land to commercial real estate. natural resources such as gold and oil can be extracted and refined for human consumption. cultivation of crops on land can increase its value and utility

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How to become a firefighter. I want to become one.

ladessa [460]

Answer:

-valid driver's license

- 18 years old or more (for younger than 18 you can look into limited involvement as a junior firefighter.)

- At least a high school diploma or GED.

- pass the physical ability test.

- Pass the written exam

- pass the interview

-You’ll still need to attend a department’s academy once hired

(may be differnt depending on your state, country, etc)

5 0

3 years ago

disposable income (billions of dollars per year) total consumption (billions of dollars per year) $ 0 $ 50 200 210(table 9.1) wh

katovenus [111]

C = 50 + 0.8Y is the consumption function that is consistent with the provided data. The MPC is determined by subtracting the change in consumption from the change in disposable income, which equals 160/200, or 0.8.

Marginal propensity calculation.

$200 billion less $0 billion equals $200 billion in changes to disposable income.

Consumption change equals $210 minus $50, or $160 billion.

MPC = Change in Consumption/Change in Disposable Income, which equals $160 billion/$200 billion and is equal to 0.8.

There is a 0.8 marginal tendency to consume.

Step 2

This is how consumption function is defined.

C = a + bY

Where,

a = Consumption at zero income level

b = MPC

In given case,

$50 billion would be consumed at a level of income zero.

MPC is 0.8

So,

C = 50 + 0.8Y is the consumption function that matches the provided data.

To learn more about consumption function

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4 0

1 year ago

The average price of homes sold in the U.S. in 2012 was $240,000. A sample of 144 homes sold in Chattanooga in 2012 showed an av

Ainat [17]

Answer:

H0 : Average price of homes sold in US = 24000 ; H1 : Average price of homes sold in US ≠ 24000

t calculated value = 2 , t critical (tabulated) value = 1.96

calculated t > critical t . Null Hypothesis is rejected, It is concluded that 'Average price of homes sold in US ≠ 24000 '

Explanation:

Null Hypothesis : Average price of homes sold in US = 24000

Alternate Hypothesis : Average price of homes sold in US ≠ 24000

t = (x' - u) / (s / √n)

x' = sample mean = 246000 (given)

u = population mean = 240000 (given)

s = standard deviation = 36000

n = no. of observations = 144

t = (246000 - 240000) / (36000/√144)

6000/ (36000/12000) = 6000/3000

t = 2

Critical value for a two tailed test at 5% significance level, 0.025 in t distribution = 1.96

Since calculated value, 2 > tabulated or critical value at significance level, 1.96. So, we reject the null hypothesis. This implies that <u>'Average price of homes sold in US ≠ 24000</u>'

3 0

3 years ago

The following data is available for BOX Corporation at December 31, 2017: Common stock, par $10 (authorized 30,000 shares) $270,

Snezhnost [94]

Answer:

26,920

Explanation:

At $10 par value,

Number of authorized shares = 30,000 (given)

Number of issued shares = $270,000/$10 = 27,000 shares

Number of treasury shares = $1,200/$15 = 80 shares

Since Treasury shares do not form part of outstanding shares, they will be deducted from issued shares to obtain outstanding shares

Therefore, number of outstanding shares

= 27,000 - 80

= 26,920 shares

5 0

3 years ago

All of the following are potential benefits of innovation EXCEPT: Group of answer choices improved quality (attributes) of exist

Sav [38]

The potential benefit of innovation is the improved quality (attributes) of existing products. The correct option is A.

<h3>What is innovation?</h3>

Innovation is introducing new things and ideas.

The advantages of innovation are:

High relative advantage
Trialability
observability
Compatibility
Low complexity

Thus, the correct option is A, improved quality (attributes) of existing products.

Learn more about innovation

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5 0

2 years ago