Answer:
If both demand and supply increase by the same amount, the output level will increase while price will remain same.
If increase in demand is greater than increase in price then price and output both will increase.
If increase in supply is greater than increase in demand, price will decline while output will increase.
Explanation:
The changes in the price and quantity of salsa depending on the degree of change in supply and demand. In case both the variables increase by the same proportion, the price will remain the same while quantity will increase.
In case the increase in demand is more than increase in supply it would cause the price to increase because of excess demand. At the same time, the quantity will increase as well.
In case the increase in supply is more than increase in demand, the price will fall due to excess supply. The output will increase as well.
Answer:
The answer is A. Plus net receipts of factor income from the rest of the world
Explanation:
Gross National Product (GNP) measures the total output produced by a citizen of a country regardless of whether the production occurs domestically or overseas in a given period of time. while Gross Domestic Product(GDP) is the market value of all final goods and services produced within the economy in a given period of time.
For example, a citizen of United States that produced outside the country will not count for GDP but will count in the GNP.
It is only goods produced within a country that counts for GDP excluding the ones produced outside the country.
But for GNP, it includes GDP and the one outside produced by its citizens
Answer:
Category variable: Caucasians, Asians, Africans
Quantitative variable: 20%, 25%, 1%.
Explanation: The are two variables in these study. They are categorical variable and quantitative variable.
Categorical variables are variable that helps classify a given population eg race, hair colour, skin colour. Most of the time are not numerical, so we can't multiply, add or subtract them. As given in this assignment the Caucasians, Asians and Africans are category variables.
Quantitative variables are those that numerical and they reflect count, percentages(20%, 25%, 1%) and can be added, subtracted, or multiplied. The percentage of the ethnic group is an example of quantitative variable.
Answer:
The correct word for the blank space is: 16.
Explanation:
Percentages represent part of a number. The result could be higher or lower than the original number. Percentages are calculated by multiplying the original number for the amount of the percentage desired and dividing that preliminary result by one hundred (100).
Thus, in the example:
Sales closed per day = (Sale opportunities) x (percentage of sales closed)
Sales closed per day = 26 x 64%
Sales closed per day = 26 x (64/100)
Sales closed per day = 16,64
As sales cannot be fractioned, the sales closed per day are 16.
Answer:
B. $7.58
Explanation:
earnings per share = (net income - preferred dividends) / weighted average of shares outstanding
shares outstanding:
January 1: 100,000 x 12/12 = 100,000
October 1: -20,000 x 3/12 = -5,000
weighted average = 95,000
EPS = $720,000 / 95,000 = $7.5789 =$7.58
Stock options are not included in the basic EPS calculation.
