Joe's annual income has been increasing each year by the same dollar amount. The first year his income was $21,100, and the 6th year his income was $27,100. In which year was his income $35,500? His income was $35,500 in the th year.
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Joe's annual income has been increasing each year by the same dollar amount. The first year his income was $21,100, and the 6th year his income was $27,100. In which year was his income $35,500? His income was $35,500 in the th year.
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- 3. A man borrows P10,000 from a loan firm. The rate of simple interest is 15%, but the interest is to be deducted from the loan at the time the money is borrowed. At the end of one year, he has to pay back P10,000. What is the actual rate of interest?(7)Which one of these is false when compared to the relationship between marginal and average product? (a) When average product is increasing in labor, marginal product is greater than average product. That is, if APL increases in L, then MPL > APL. (b) When average product is decreasing in labor, marginal product is less than average product. That is, if APL decreases in L, then MPL < APL. (c) The relationship between MPL and APL is not the same as the relationship between the marginal of anything and the average of anything. (d) When average product neither increases nor decreases in labor because we are at a point at which APL is at a maximum, then marginal product is equal to average product.(7)Which one of these is false when compared to the relationship between marginal and average product? (a) When average product is increasing in labor, marginal product is greater than average product. That is, if APL increases in L, then MPL > APL. (b) When average product is decreasing in labor, marginal product is less than average product. That is, if APL decreases in L, then MPL < APL. (c) The relationship between MPL and APL is not the same as the relationship between the marginal of anything and the average of anything.
- On January 1, 2012, Albert invested $8,000 at 5 percent interest per year for three years. The CPI (times 100) on January 1, 2012, stood at 100. On January 1, 2013, the CPI was 108 on January 1, 2014, it was 115; and on January 1, 2015, the day Albert’s investment matured, the CPI was 117. Find the real rate of interest earned by Albert in each of the three years and his total real return over the three-year period. Assume that interest earnings are reinvested each year and themselves earn interest.Hint: Calculate inflation and real interest for each year and then calculate it for the three years as a whole.Instructions: Enter your responses rounded to one decimal place. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. Year Real rate of interest 2012 % 2013 % 2014 % Total real rate of return: %.KA. 10.9)At an international meeting of consumer advocates for price control, a comparison of CPI growth was made to understand the cost increases that inflation imposes on citizens in the United states, Mexico, and turckey. The annual CPI percentages are shown for 2 years a)If the base spending level for the year 2016 was set at $1000 per household in each country for comparison purposes, develop a table and graph of the resulting costs for 2017 and 2018. b) what is the percentage difference in 2018 between the united states and Turkey? CPI Value, % year USA Mexico Turkey 2017 2.10 6.77 11.92 2018 1.90 4.83 20.3010.9)At an international meeting of consumer advocates for price control, a comparison of CPI growth was made to understand the cost increases that inflation imposes on citizens in the United states, Mexico, and turckey. The annual CPI percentages are shown for 2 years a)If the base spending level for the year 2016 was set at $1000 per household in each country for comparison purposes, develop a table and graph of the resulting costs for 2017 and 2018. b) what is the percentage difference in 2018 between the united states and Turkey? CPI Value, % year USA Mexico Turkey 2017 2.10 6.77 11.92 2018 1.90 4.83 20.30
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- Mr. Scoobertini owns a store specializing in soccer jerseys. In 2008, he purchased $150,000 worth of jerseys from manufacturers, employed one worker for $40,000, purchased $20,000 worth of supplies from an office supply store, and sold jerseys for $280,000. Based on this information, what was the value added at Alejandro's store in 2008?A) $70,000B) $110,000C)$280,000D) $490,000The values of consumer price index (CPI) for 2005 and 2018 are 78.8 and 272.6 respectively while the average annual income of poultry farmer is given as N216,000 and N360,000 accordingly. Comment on the welfare of the poultry farmer using the purchasing power of the income received between, the two years under consideration.2. Differentiate an Internal Rate of return with that of an External Rateof Return.