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Economic Growth The Mexico GDP (total monetary value of all finished goods and services produced in Mexico) can be approximated by
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Finite Mathematics and Applied Calculus (MindTap Course List)
- Continued This is a continuation of Exercise 13. As we saw earlier, the stock turnover rate of an item is the number of times that the average inventory of the item needs to be replaced as a result of sales in a given time period. Suppose that a hardware store sells 80 shovels each year. a. Suppose that the hardware store maintains an average inventory of 5 shovels. What is the annual stock turnover rate for the shovels? How is this related to the yearly number of orders to the wholesaler needed to restock inventory? b. What would he the annual stock turnover rate if the store maintained an average inventory of 20 shovels? c. Write a formula expressing the annual stock turnover rate as a function of the average inventory of shovels, identify the function and the variable, and state the units.arrow_forwardVan der Waals Equation In Exercise 18 at the end of Section 2.3, we discussed the ideal gas law, which shows the relationship among volume V, pressure p, and temperature T for a fixed amount 1 mole of a gas. But chemists believe that in many situations, the van der Waals equation gives more accurate results. If we measure temperature T in kelvins, volume V in liters, and pressure p in atmosphere 1 atm is the pressure exerted by the atmosphere at sea level, then the relationship for carbon dioxide is given by p=0.082TV0.0433.592V2atm What volume does this equation predict for 1 mole of carbon dioxide at 500 kelvins and 100 atm?Suggestion: Consider volumes ranging from 0.1 to 1 liter.arrow_forward
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