What is the geometric mean annual increase for the period

Assignment Help Business Economics
Reference no: EM131107435

In 1997, a total of 14,964,000 taxpayers in the United States filed their individual tax returns electronically. By the year 2009, the number increased to 55,550,000. What is the geometric mean annual increase for the period?

Reference no: EM131107435

Questions Cloud

The quantity of cruises demanded decreased : When the price of a cruise rises from $19,500 to 20,500, the quantity demanded decreases from $2,100 to 1,900 travelers. Use this information to calculate the price elasticity of demand for cruises. The price of a cruise increased by-------percent. T..
Unemployment-economic growth and interest rates : The article should be about three pages in length in order for you to get a lot of information to write about - or a few articles that relate to a Macroeconomic topic. Possible subjects include inflation, unemployment, economic growth, interest rates..
Firm produces batteries that have lifetime : A firm produces batteries that have a lifetime which is normally distributed with a mean of 360 minutes and a standard deviation of 30 minutes. The firm needs to keep an eye on the production process to ensure that everything is working properly and ..
Liquidity management and capital adequacy management : What is the major focus of each of the following bank management concerns: asset management, liability management, liquidity management, and capital adequacy management?
What is the geometric mean annual increase for the period : In 1997, a total of 14,964,000 taxpayers in the United States filed their individual tax returns electronically. By the year 2009, the number increased to 55,550,000. What is the geometric mean annual increase for the period?
Why are these lenders important to the financial system : In the recent past, small business lenders (for example 'biz2credit', 'kabbage', 'CANCapital', and 'LendingClub') have become popular. Their major function is to provide loans to small businesses to carry on the day-to-day business operations. Why ar..
Which one is likely to get lower interest rate : Two restaurants are on the same block. One has been opened for 10 years and its a thriving business. The other one has been open for only a year. They both want to expand. When the two owners told the local bank looking for a loan, which one is likel..
What factors determine the elasticity of labor demand : How is marginal revenue product for labor found and is there a simpler and easier method to find it other than the formula raginal revenue product=change in total revenue/unit change in labor. What factors can cause changes in the demand for labor fo..
Suppose the marginal cost of production : Suppose the marginal cost of production for a company is $6 at its current production levels. Suppose the price elasticity of demand is constant at -2 between prices of $10 to $15, if current prices are $10, is the company pricing at the correct opti..

Reviews

Write a Review

Business Economics Questions & Answers

  What is their stated position regarding the issue

Identify an issue important to you, briefly state why this issue is important to you then, from the e-activity, succinctly discuss whether or not your elected representative reflects your position. What is their stated position regarding the issue? D..

  Set of required return market value of bond axes

Pecos manufaturing has just issued a 15-year, 12% coupon interest rate, $1000-par bond that pays interest annually. The required return is currently 14% and the company is certain it will remain at 14% until the bond matures in 15 years. Plot your fi..

  Effective to tax in different rate between different states

Would it be more effective to tax in the different rate between the different states based on how much negative externality it were cause?

  Explain a production possibilities frontier for an economy

Draw and explain a production possibilities frontier for an economy that produces cars and computers. What happens to this frontier if a new technology was created which reduced the production cost of steel by 75%?

  Which is more economical plant with payroll

Which is more economical, a plant with a payroll of $400 a week, with $100 of overhead, and with an output of 100 units per week, or a plant with a payroll of $80,000 a week, an overhead of $100,000 a week, and an output of 50,000 units per week? How..

  Expenditures that do not vary with the level of real GDP

Expenditures that do not vary with the level of real GDP are called:

  Service industry production line approach or self-serve

Could a service industry utilize production line approach or self-serve design also still keeps a high customer focus

  According to the law of increasing opportunity cost

According to the law of increasing opportunity cost,

  Monopoly is producing a level of output

A monopoly is producing a level of output at which price is $80, marginal revenue is $40, average total cost is $100, marginal cost is $40, and average fixed cost is $10. In order to maximize profit (minimize loss), the firm should

  Possible events on equilibrium price and quantity

Suppose the market for milk. For each of the following events, state whether it affects supply or demand, which direction supply or demand shifts, the effect on price, and the effect on quantity.

  Several units of homogeneous product as single package

A monopoly is considering selling several units of a homogeneous product as a single package. A typical consumer’s demand for the product is Qd = 110 - 0.25P, and the marginal cost of production is $160. Determine the optimal number of units to put i..

  What effective annual interest-financing arrangement

If you purchase a $25,000 car, which is to be paid for in 60 monthly installments of $489.15, what effective annual interest are you paying for this financing arrangement?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd