answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Softa [21]
2 years ago
7

Assume that an economy is composed of two products, X and Y, with the following details: Product Quantity Produced in 2012 Quant

ity Produced in 2013 Product Unit Prices in 2012 Product Unit Prices in 2013 X 351.0 352.0 13.3 13.8 Y 179.0 182.5 unknown 11.1 Assuming 2012 is the base year for measuring GDP and the GDP deflator for the economy in 2013 is 102.4, the unit price of Y in 2012 is closest to:
Business
1 answer:
denis23 [38]2 years ago
4 0

Answer:

$11.2

Explanation:

Calculation to determine what the unit price of Y in 2012 is closest to

Using this formula

GDP deflator = nominal GDP / real GDP

First step is to calculate the Nominal GDP 2013 using 2013 price

Nominal GDP 2013= (13.8 *352) + (11.1 *182.5)

Nominal GDP 2013= 4857.6 + 2025.75

Nominal GDP 2013 = 6883.35

Second step is to calculate Real GDP 2013 using 2012 price

Real GDP 2013= (13.3* 352) + (Pa 182.5)

Real GDP 2013= 4681.6 + 182.5(Pa)

Now let what the unit price of Y in 2012 is closest to:

102.4% = 6883.35 / (4681.6 + 182.5Pa)

Pa =$ 11.18

Pa=$11.2 (Approximately)

Therefore the unit price of Y in 2012 is closest to:$11.2

You might be interested in
Lightfoot Company sells its product for $55 per unit and has variable costs of $30 per unit. Total fixed costs are $25,000. Supp
soldi70 [24.7K]

Answer:

The Break-even point in units will increase by 250 units.

Explanation:

Giving the following information:

Fixed costs= $25,000

Selling price= $55

Unitary varaible cost= $30

<u>First, we need to calculate the current break-even point in units:</u>

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 25,000 / 25

Break-even point in units= 1,000

<u>Now, the new Break-even point in units:</u>

Break-even point in units= 25,000 / (55 - 35)

Break-even point in units= 1,250

The Break-even point in units will increase by 250 units.

7 0
2 years ago
Corinne believed in solving issues between managers and employees by talking and finding solutions together, so when a group of
FromTheMoon [43]

The correct answer is 2;  Corinne would use the process of integration and sit everyone down together to talk it through.

Further Explanation:

Since this type of issue needs to be addressed immediately, Corinne would need to sit everyone down and talk it through to get to the bottom of the sexual advances. When she does this it is called the process of integration. During this process, she will discuss the employees concerns and take their statements.

During the discussion, the employees will be guaranteed anonymity. The complaints will all be taken seriously, and an investigation will be started immediately. The supervisor may be put on administration leave while the investigation is ongoing.  

Learn more about sexual harassment in the workplace at  brainly.com/question/10185961

#LearnwithBrainly

7 0
2 years ago
From the set $\{1, 2, 3, \dots, 20\},$ ten numbers are chosen at random, forming a subset. Let $M$ be the largest element among
Marysya12 [62]

The largest element can be as small as 10, which happens when the subset is {1, 2, ..., 10}.  The probability of choosing this subset is (1/2)^10 = 1/1024.  (Every element from 1 to 10 can either be in the subset, or not.)

The largest element can also be 11.  All the numbers in the subset must be from 1 to 10, and we must choose 1 to leave out, so the probability that the largest element is 11 is C(10,1)*1/1024.

The largest element can also be 12.  All the numbers in the subset must be from 1 to 11, and we must choose 2 to leave out, so the probability that the largest element is 12 is C(11,2)*1/1024.

We can do the other cases similarly:

Largest element is 13 -> C(12,3)*1/1024

Largest element is 14 -> C(13,4)*1/1024

Largest element is 15 -> C(14,5)*1/1024

Largest element is 16 -> C(15,6)*1/1024

Largest element is 17 -> C(16,7)*1/1024

Largest element is 18 -> C(17,8)*1/1024

Largest element is 19 -> C(18,9)*1/1024

Largest element is 20 -> C(19,10)*1/1024

Adding these up, we get (1 + C(10,1) + C(11,2) + ... + C(19,10))*1/1024.  Since 1 = C(9,0), we also get (C(9,0) + C(10,1) + C(11,2) + ... + C(19,10))*1/1024.

By the Hockey Stick Identity, C(9,0) + C(10,1) + C(11,2) + ... + C(19,10) = C(20,10), so the expected value of the largest element is 1/11*C(20,10)*1/1024 = 4199/256.

6 0
2 years ago
Of the following companies, which uses a direct marketing channel? A. Showdown, a clothing store that stocks merchandise from di
Stels [109]

Answer:

The correct answer is D. Holly Wreaths, a store that sells Christmas ornaments to customers via its online click-to-order catalogs

Explanation:

Direct marketing channel is the process of selling directly to the end buyer without any intermediary.

Holly Wreaths is selling directly to customers via its online click-to-order catalogs so this is direct marketing channel.

8 0
2 years ago
While other suppliers bidding for the contract brought bids with lower per unit costs, Orchard wanted to take delivery based on
Daniel [21]

Answer:

The correct answer is A) top quality.

Explanation:

There are generally two sales approaches: the first, product-oriented. This takes into account its own characteristics in terms of presentation, quality and utility; and the second, people-oriented, where the real needs of the consumer are studied to determine how he uses the good in order to orient himself towards satisfying a need.

The example clearly shows that the orientation with minimum unit costs was mainly focused on the client, so that the first impression is that of a lower price to motivate their purchase decision. For his part, Orchard clearly shows a product orientation, because he tries to offer quality by sacrificing other variables to supply a need.

6 0
2 years ago
Read 2 more answers
Other questions:
  • Mart, Inc., is a public company whose shares are traded in the over-the-counter market. At December 31, Year 2, Mart had 6 milli
    15·1 answer
  • Universal Electronics, Inc. (UEI), which started operations one year ago, has two divisions: Consumer and Commercial. Both divis
    12·1 answer
  • Exercise 12-15 a-b Foss, Albertson, and Espinosa are partners who share profits and losses 50%, 30%, and 20%, respectively. Thei
    7·1 answer
  • An investor was looking at a sixteen-unit apartment building. Four of the units rented for $600, four for $750, four for $725, a
    6·1 answer
  • Myriam is analyzing the gender roles of men and women in management in the United States and comparing them to the gender roles
    7·1 answer
  • Jetta production cost in 2002 and 2003 was 12,000 Euro per Jetta. Jettas were sold in US at $13,000 in 2002 and 2003. Forward he
    14·1 answer
  • Ty, a merchant, wrote to Marcus: "August 1, I offer to sell you one Model A Desktop Computer system, price $1,000. This is a fir
    6·1 answer
  • Karvel Corporation uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to jobs. For the mo
    12·1 answer
  • Assume that, on January 1, 2021, Sosa Enterprises paid $3,000,000 for its investment in 36,000 shares of Orioles Co. Further, as
    7·1 answer
  • If you have a choice to earn simple interest on $10,000 for three years at 8% or annually compounded interest at 7.5% for three
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!