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Firdavs [7]
2 years ago
7

Economists in Funlandia, which has a closed economy, have collected the following information about the economy for a particular

year:
Y = 12,500
C = 9,000
T = 2,100
G = 2,200
The economists also estimate that the investment function is:

I = 2,000−100r
where r is the country’s real interest rate, expressed as a percentage.

Calculate private saving, public saving, national saving, investment and equilibrium real interest rate.
Business
1 answer:
kykrilka [37]2 years ago
4 0

<u>Solution and Explanation:</u>

private saving = Y - T - C = 12500 - 2100 - 9000

= 1400

Plublic saving = T - G = 2100 - 2200 = -100

national saving = Y - C - G = 12500 - 9000 - 2200 = 1300

Investment = saving

1400 - 100r = 1300

now, we need to calculate the value of r

-100r = 1300 - 1400

-100r = -100

r = 1

therefore, Investment ( I) = 1400 - 100 ( 1 )

= 1400 - 100

= 1300

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I think the answer is A
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2 years ago
The operations manager for Dogs R Us is trying to understand the bottleneck in the dog grooming process. Times below are given i
lubasha [3.4K]

Question (in proper order)

The operations manager for Dogs R Us is trying to understand the bottleneck in the dog grooming process. Times below are given in minutes per dog, and when there are two or more employees they can process two or more dogs simultaneously.

Process step                             Time(min./dog)                     Who

Verify customer information    5                           Front desk (2 employees)

Crate the dog                           2                           Front desk  (2 employees)

Wash and dry the dog            20                          Washers (3 employees)

Nails and teeth                        13                           Nail/teeth specialists (2)

Grooming                                 25                         Groomers (4 employees)

Call customer for pick-up       5                            Front desk (2 employees)

Assuming that demand and supply exceed capacity, what is the maximum flow rate (in dogs per hour) for this process?

a. 9.2

b. 9.6

c. 10

d. None of the above

Answer:

d. None of the above

Explanation:

average time taken to:

1. verify customer info = 5mins/2 employees = 2.5mins/dog

2. crate the dog = 2min/2 employees = 1 mins/dog

3. wash and dry the dog = 20 mins/3 employees = 6.67min/dog

4. work on nails and teeth = 13 mins/ 2 employees = 6.5 min/dog

5. groom the dog = 25 mins / 4 employees = 6.25min/dog

6. call customer for pick-up = 5 mins/ 2 employees = 2.5 mins/dog

The most time is spent to wash and dry dogs (6.67 mins)

it is therefore one bottleneck

for this process a dog is processed in 6.67 mins

one hour = 60 mins

⇒ (60/6.67) dogs will be processed in an hour

that is, 9 dogs (approx)

hence, none of the above is the right option

3 0
2 years ago
Shortly after graduating college, Roberto took his place in his family's company in Miami. Roberto's father and uncle started a
natta225 [31]

Answer:

Importer.

Explanation:

An importer is an individual or entity that brings in products from foreign countries for sale domestically. Importers buy products that are produced in other countries. To the other country this is an export.

Roberto's father and uncle started a company that buys bauxite, copper, and other minerals from Chile, and brings them into the U.S. So the company is involved in importing activity.

Roberto brokers the trades with the mines in Chile.

6 0
2 years ago
A certain type of computer costs $1,000, and the annual holding cost is 25% of the value of the item. Annual demand is 10,000 un
belka [17]

Answer:

The approximate economic order quantity is 110 units.

Explanation:

A = annual demand = 10,000 units per year

C = unit cost of pot = $1000

S = Ordering cost per order = $150

I = Annual carrying cost (%) = 25% of unit cost

H = Annual carrying cost ($) = 0.25*C

   = 0.25*$1000

    = $250 per unit per year

Optimal order quantity is obtain from the EOQ formula.

Economic Order Quantity (EOQ) is given as follows:

Q = \sqrt{\frac{2*A*S}{H}}

Q = \sqrt{\frac{2*10,000*150}{250}}

Q = \sqrt{\frac{3000000}{250}}

Q = \sqrt{12000} = 109.545

Q = 110 units per order

Therefore, The approximate economic order quantity is 110 units.

3 0
2 years ago
In the current year, Borden Corporation had sales of $2,190,000 and cost of goods sold of $1,295,000. Borden expects returns in
NNADVOKAT [17]

Answer:

The entries are as follows

To record estimated returns on Sales

Debit: Sales Refund Payable Account $131,400

Credit: Accounts Receivables $131,400

To record estimated Cost of Sales returns

Debit: Inventory Returns Estimated Account $77,700

Credit: Inventory on Sales on Returns $77,700

Explanation:

To derive the figure for Sales Refund payable for the year

6% of $2,190,000

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To derive the figure for Inventory cost on Sales Refund payable for the year

6% of $1,295,000

= \frac{6}{100} * 1,295,000 = $77,700

3 0
2 years ago
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