ferencesMcGrawHillWe can subtract fractions as long as they have the same base (denominator), which is the case here, so we can simplifyour equation as:410- 38046030460We can then leave our answer as a fraction, divide it out to produce a decimal, or multiply that decimal by 100 to create apercentage change.30 x 100 0.0652 x 1004606.52%We can interpret the above by saying that the labor force as a percentage of the overall adult population grew by 6.52%over the relevant time period.ACME corporation currently has a 20% market share in a $15 billion industry (measured by sales revenue). EMCA corporation currentlyhas a 17% market share in that same industry.What is the sales revenue for ACME? (round your answer to 2 decimal places) $nswer to 2 decimal places) $What is the sales revenue for EMCA? (round yourCalculate the difference (as a percentage) in market share for these two firms.billion%billion< Prev3 of 5HHHHScore.answer >

Market share refers to the term used when telling the size of a market that a company represents. A…

ACME corporation currently has a 20% market share in a $15 billion industry (measured by sales revenue). EMCA corporation currently has a 17% market share in that same industry. What is the sales revenue for ACME? (round your answer to 2 decimal places) $ What is the sales revenue for EMCA? (round your answer to 2 decimal places) $ Ebillion billion

ACME corporation currently has a 20% market share in a $15 billion industry (measured by sales revenue). EMCA corporation currently has a 17% market share in that same industry. What is the sales revenue for ACME? (round your answer to 2 decimal places) $ What is the sales revenue for EMCA? (round your answer to 2 decimal places) $ Ebillion billion

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter5: Business And Economic Forecasting

Section: Chapter Questions

Problem 1.2CE: Plot the logarithm of arrivals for each transportation mode against time, all on the same graph....

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Your friend - an artist - has asked you to help her determine how many paintings sized 50x150cm she should paint for sale. She's deciding between one, two, three, or four paintings. Your friend sells the paintings for 300 monetary units each. She spends 8 hours on each painting (1 hour of work = 15 monetary units). Additionally, each painting incurs an extra cost of 40 monetary units (for canvas, backing, paints, brushes, sprays). Based on past data, you estimate that with a probability of 0.2, there will be no potential buyers; with a probability of 0.2, there will be one potential buyer; with a probability of 0.2, there will be two potential buyers; with a probability of 0.3, there will be three potential buyers; with a probability of 0.1, there will be four potential buyers. Assume that if there are fewer paintings produced than potential buyers, some (randomly selected) potential buyers will remain without a painting; otherwise, all potential buyers will purchase exactly one…
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