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Mazyrski [523]
2 years ago
14

Which of the following government policies is least likely to increase the standard of living in the United States? Investment i

n technology Investment in education and skills training for workers Investment in tools and capital for workers Raising the minimum wage paid to workers
Business
1 answer:
nika2105 [10]2 years ago
5 0

Answer:

Raising the minimum wage paid to workers

Explanation:

Standard of living, is based on two concepts

  • the resources you hold to exchange
  • the resources society holds in exchange of your resources.

When the wages of workers are increased then, the resources with labors increases,

but that will not increase the resources as offered by the society, and as the main action for increasing the standard of living, the resources in the form of technology, training, etc: shall be increased.

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You just won $17,500 and deposited your winnings into an account that pays 6.7 percent interest, compounded annually. How long w
MAVERICK [17]

Answer:

16.20 years

Explanation:

In order to calculate this, we use the future value (FV) formula as follows:

FV = PV × (1 + r)^n …………………………….. (1)

Where;

FV = Future value of the winnings = $50,000

PV = Present value of the winnings = $17,500

r = Interest rate = 6.7% = 0.067

n = number of years =?

Substituting the values above into equation (1) and solve for n, we have:

50,000 = 17,500 × (1 + 0.067)^n

50,000/17,500 = 1.067^n

2.85714285714286 = 1.067^n

Log linearizing and rearranging the above equation, we have:

n × ln1.067 = ln2.85714285714286

n × 0.0648509723196163 = 1.05082162483176

n = 1.05082162483176/0.0648509723196163 = 16.20 years

Therefore, you will have to wait for 16.20 years until your winnings are worth $50,000.

6 0
2 years ago
A clothing manufacturer makes both shirts and shorts. The sales price for shirts is $24 with variable costs of $10 and shorts ha
Gnoma [55]

Answer:

1)They would prefer to make shorts as contribution margin per unit is higher for shorts

Explanation:

Step 1. Given information.

  • Sales price shirts is $24
  • Variable costs shirts is $10
  • Sales price shorts $32
  • Variable costs shorts $17

Step 2. Formulas needed to solve the exercise

Contribution margin = sales price - variable cost

Step 3. Calculation.

Contribution margin shirts  = 24 - 10 = 14

Contribution margin shorts = 32 - 17 = 15

Step 4. Solution.

<h2>Contribution margin shorts > Contribution margin shirts</h2>

6 0
2 years ago
A young couple living in rural west-central Missouri heard about the closing of a local grocery store. Although a small operatio
Vlad [161]

As new store owners, they had to carefully watch cash flow. As their customer base began to grow, they began offering hot food, and hired others to help with the operation. The economic benefit created in this story is called <u>An Invisible Hand</u>

Explanation:

Invisible hand refers to an economic term that is  used to describe the unexpected benefits of a business venture which was started with the sole purpose of self benefit but later on that benefit is also enjoyed by the community as a whole

This  clearly states the economic  benefit which was unexpected in the business.

In the given Scenario  also, the couple occupied the business but, the benefits were completely unexpected and the growth rate was  also high as related to   investment made.

Thus, the correct phrase for such situation is:<u>Invisible Hand</u>

5 0
2 years ago
If Mary wanted to invest her money but wants to make sure she can use it if she needs it, she should __________.
Virty [35]
C seems to be the most logical answer to me.
3 0
2 years ago
Read 2 more answers
10. The Wetski Water Ski Company is the world’s largest producer of water skis. As you might suspect, water skis exhibit a highl
xenn [34]

Answer: $ 30,290,000

Explanation:

For this question, the transportation table has been addressed below.

“X” indicates that there will be no possible production in the specific cell.

(i) The total cost of optimum production plan = (50,000 x 50) + (50,000 x 78) + (50,000 x 50) + (50,000 x 75) + (20,000 x 91) + (40,000 x 88) + (50,000 x 50) + (50,000 x 75) + (40,000 x 85) + (50,000 x 50) + (2,000 x 75)

= $ 30,290,000.

Therefore, the cost of the plan will be $30,290,000.

5 0
2 years ago
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