A recent study about online shopping asked respondents to indicate their education level on the following scale "Less than High School, " "High School, " "Some College, " "College+". Which of the following statements is (are) I. Education level is a categorical variable.II. Education level is nominal scaled.III. Education level is ordinal scaled. A. I onlyB. III onlyC. Both I and IIID. Both I and III

Answers

Answer 1

Answer:

Answer:

C. Both I and III.

Explanation:

The education level is categorical variable and is ordinal scaled.

Ordinal level is a second level statistical measurement technique. It allows ranks to the data for its categorization and degree of variation is not determined between data. Education level is ordinal scale because it provides orders of quantitative data.

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Two towns, each with three members, are deciding whether to put on a fireworks display to celebrate the New Year. Fireworks cost $300. In each town, some people enjoy fireworks more than others.In the town of Bayport, each of the residents values the public good as follows:Resident Value(Dollars)Darnell 70Eleanor 90Jacques 150The total benefit of the fireworks display to the town of Bayport is ($ ).Therefore, fireworks (would/would not) pass the cost-benefit analysis in the town of Bayport.The mayor of Bayport proposes to decide by majority rule and, if the fireworks referendum passes, to split the cost equally among all residents.Who would vote in favor of the fireworks referendum? Check all that apply.DarnellEleanorJacques
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Cooley Company's stock has a beta of 1.40, the risk-free rate is 25%, and the market risk premium is 5.50%. What is the firm's required rate of return

If the tax on gasoline is increased to provide incentives to curb air pollution, then the tax serves as

Answers

Answer:

A user fee.

Explanation:

These are general fees that are known to be paid by some countries indigenous occupants which tends to commence its reading from the first of January till the 31st of December. They particularly known to be renewable in most cases. User fees confer with a financing mechanism that has two main characteristics: payment is created at the purpose of service use and there's no risk sharing. User fees can entail any combination of drug costs, supply and medical material costs, entrance fees or consultation fees. they're typically obtained each visit to a health service provider, although in some cases follow-up visits for the identical episode of illness is covered by the initial payment.

Paradise, Inc., has identified an investment project with the following cash flows.Year Cash Flow1 = $5752= $ 8253= $1,1254 =$1,325(a) If the discount rate is 11 percent, what is the future value of these cash flows in year 4?(b) What is the future value at a discount rate of 16 percent? (c) What is the future value at discount rate of 29 percent?

Answers

Answer and Explanation:

The computation of the future value is shown below;

a. For the year 4

Future value is

= ($575 × 1.11^3) + ($825 × 1.11^2) + ($1,125 × 1.11) + ($1325)

= $4,275.89

b. At 16%

Future value is

= ($575 × 1.16^3) + ($825 × 1.16^2) + ($1,125 x 1.16) + ($1,325)

=$4,637.64

c. At 29%

Future value is

= ($575 × 1.29^3) + ($825 × 1.29^2) + ($1125 × 1.29) + ($1,325)

= $5,383.48

Final answer:

The future values of the cash flows in year 4 for Paradise, Inc. are $4,265 at 11% discount rate, $4,529 at 16% discount rate, and $4,942 at 29% discount rate.

Explanation:

We'll use the future value of a series of cashflows formula (FV = ∑ CF / [(1 +r)^n]) to determine the future value of these investments. The formula essentially totals up the effects of compounding for each of your cashflows.

(a) At 11 percent discount rate, the future value in year 4 comes out to be $4,265.

(b) When the discount rate is 16 percent, the future value in year 4 is $4,529.

(c) At a higher 29 percent discount rate, the future value in year 4 is $4,942.

As the discount rate increases, the future value of the cash flows also increases.

Learn more about Future Value of Cash Flows here:

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The amount of money that a seller is willing to accept in exchange for a product, at a given time and under given circumstances, is called the A) revenue.
B) income
C) discount. price.
E) breakeven quantity.

Answers

Answer:

D. Price

Explanation:

Price is the amount that is paid by the buyer to the seller in the purchase of the product. And it also deals in exchange for a product which we called barter. The more or less amount while exchange the product is also known as price

It is a measure of an item.

According to the given situation, the most appropriate option is d. as it says that the seller is willing to accept in a given time and in given circumstances that means he is ready for negotiation.

Question #2In general, what is a business's most valuable resource?
O Tooling
O Money
O Buildings
O Employees

Answers

Answer: employees

Explanation:

Assume a Cobb-Douglas production function of the form: q equals 10 Upper L Superscript 0.97 Baseline Upper K Superscript 0.18. What type of returns to scaleLOADING... does this production function exhibit? In this instance, returns to scale equal nothing. (Enter a numeric response using a real number rounded to two decimal places.) This production function exhibits A. decreasing returns to scale. B. constant returns to scale. C. initially increasing but then constant returns to scale. D. initially constant but then increasing returns to scale. E. increasing returns to scale.

Answers

Answer:

Returns to scale = 1.15

Increasing returns to scale.

Explanation:

Cobb-Douglas production function of the form:

$q=10(L)^(0.97)(K)^(0.18)$

Here, we are using a simple rule of factors to find the returns to scale:

$q=10(tL)^(0.97)(tK)^(0.18)$

$q=10(t)^(0.97+0.18) (L)^(0.97)(K)^(0.18)$

$q=10(t)^(1.15) (L)^(0.97)(K)^(0.18)$

Hence,

By adding up the powers of L and K, we can get the returns to scale.

Returns to scale = 1.15

Suppose, the power of L be 'a' and the power of K is 'b',

if a + b = 1, then it exhibits constant returns to scale

if a + b > 1, then it exhibits increasing returns to scale

if a + b < 1, then it exhibits decreasing returns to scale.

In our case,

a + b = 1.15 which is greater than 1, so this production function exhibits increasing returns to scale.

McCoy Brothers manufactures and sells two products, A and Z in the ratio of 5:2. Product A sells for $75; Z sells for $95. Variable costs for product A are $35; for Z $40. Fixed costs are $418,500. Compute the contribution margin per composite unit