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QUANTITATIVE FOUNDATIONS FOR BUSINESS
An auto parts sales person receives a commission of 4.5% on net sales up to $10 000, 6% on the next $5 000 and 8% on any further net sales. If his gross sales for a month were $24 250 and sales returns & allowances were $855, what was his total commission for the month?
Souvenirs R Us is a gift shop in Victoria, British Columbia. Last year, 22% of its revenue came from clothing sales, 15% fromfood items, 32% from novelty items and the rest from magazines and books. This past year the business experienced a 5% increase in clothing sales, a 2% increase in food items, a 9% drop in novelty items and a 2% drop in magazine and book sales.
What was the average percent change in the revenue for this past year?
Explain why savings is unlikely to equal intended investment in the Keynesian model. Equilibrium GDP is $5000 while full employment is $6000. What kind of gap is this? What would the Keynesians say the government should do?
In 2011, the government of a nation established a price support for wheat. The government’s support price has been above the equilibrium price each year since, and the government has purchased all wheat over and above the amounts that consumers have ..
Assume that the following equations characterize a large open economy: Where NX is net exports, CF is net capital outflow, and e is the real exchange rate. Solve these equations for the equilibrium values of C, I, NX, CF, r, and e.
Assignment: For this assignment, provide an outline of your paper On minimum Wage, and at least five sources (in APA format) that you are using. Your outline should include the five economic concepts that you will apply to your topic analysis as well..
How would you go about estimating the different probabilities of three alternatives occurring if you have little empirical data on which to base your estimates? Using either expected value rule, mean-variance analysis, or coefficient of variation ana..
A certain college graduate, Sallie Evans, has $24,000 in student - loan debt at the end of her college career. The interest rate on this debt is 0.75% per month. If monthly payments on this loan are $432.61, how many months will it take for Sallie to..
q1. what factors might contribute to a low or high growth rate in a country? why do some poor countries experience
The demand curve for the product of a monopolistically competitive firm
A sports store puts designs 12 different designs on sweat shirts. Setup between each design takes an hour and costs $18,000. Once setup, at a cost of $8,000 they can produce 1,000 units. Does this production exhibit scale economies or scope economies..
Illustrate what has happened in the market for your good or service in the curve you labeled D1. What happened to the equilibrium price.
What do you believe should be the top spending priorities of the federal government? Do you believe the federal government has a responsibility in regard to health needs of citizens or do you believe that this is an issue better left to the various s..
Suppose the velocity of money is constant at 5 transactions per year, the price level for this year is $1, and real GDP this year is $8,000,000. Suppose the economy's output of goods and services rises by 5% each year. What will nominal GDP be equal ..
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