In Towneville, the average persons earns $15,000, and the CPI is 125. In Gutenberg, the average person earns $25,00 and the CPI is 225. Where would you choose to live, and why?

Answers

Answer 1

Answer:

I would choose to live in Townville. This is because the real wage of $12,000 in Townville is greater than the real wage of $11,111 in Gutenberg.

Explanation:

Note: The correct amount which average persons earns in Gutenberg is $25,000, not $25,00 that is mistakenly written in the question.

The explanation to the answer is now provided as follows:

Where to live and why can be determined by comparing the real wages in Towneville and Gutenberg.

Real wage refers to the nominal wage that has been adjusted for inflation. The real wage can be calculated using the following formula:

Real wage = (Nominal wage / CPI) * 100 ……………. (1)

Where;

For Towneville:

Nominal wage = $15,000

CPI = Consumer price index, an inflation measure = 125

Substituting the values into equation (1), we have:

Real wage in Townville = ($15,000 / 125) * 100 = $120 * 100 = $12,000

For Gutenberg:

Nominal wage = $25,000

CPI = Consumer price index, an inflation measure = 225

Substituting the values into equation (1), we have:

Real wage in Gutenberg = ($25,000 / 225) * 100 = $111.11 * 100 = $11,111

Based on the calculations above, I would choose to live in Townville. This is because the real wage of $12,000 in Townville is greater than the real wage of $11,111 in Gutenberg.


Related Questions

What is the goal of materials handling? a. Minimize length of time product is held in storage b. Minimize time spent sorting delivered products c. Minimize the time spent coding and tagging products d. Minimize the number of times a product is handled e. Minimize the number of times a product is transported

Answers

Answer:

d. Minimize the number of times a product is handled

Explanation:

Material handling is the process by which products are passed from different stages of production and delivery before getting to the consumer.

Since material handling is an essential activity in production businesses plan to reduce cost on this activity.

The best way to reduce handling cost is to reduce the number of time a product needs to be handled.

That is reducing to the barest minimum the touch points in process like sorting, moving, preparing, and storing products

7. The idea that business demand comes from a demand for consumer goods is referred to as

Answers

The answer would be: derived demand

What is marketing? There are three correct answers:

A. Market Research
B. Shopping
C. Social Media
D. SEO
E. Selling​

Answers

Answers are A, D and E

Answer:

E

Explanation:

selling product and services including market research and advertisement

follow my grammmmmmmm
baby_syeph_1

love yaaaa

Answers

Answer:

yeah sure I'll definitely do that

what is the definition of It spectrum​

Answers

Definition of spectrum

1a : a continuum of color formed when a beam of white light is dispersed (as by passage through a prism) so that its component wavelengths are arranged in order

2a: any of various continua that resemble a color spectrum in consisting of an ordered arrangement by a particular characteristic (such as frequency or energy): such as

Input used to produce goods and services clled​

Answers

Answer:

Factors of production

Bailey is an Investment Planner. Which skills does she most likely have?
knowledge of insurance systems
skills in research and critical thinking
integrity for selling products
patience with repetitive tasks

Answers

Answer:

Well critical thing often comes of use when investing in something. Research often lets you know WHAT to invest in and WHICH is the best. So I’d say skills in research and critical thinking.

As an Investment Planner, one must be able to research about the investment classes and give logical and critical thinking towards the same.

Who is an Investment Planner?

A professional who is engaged in managing and advising clients related to investment in different classes of asset to maximize the returns as per their expected returns.

The advice given by an investment planner must be backed by expert research analysis, and must be critically thought with due diligence.

Hence, option B holds true regarding an investment planner.

Learn more about an investment planner here:

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What helps a consumer determine the quantity of something to buy?
marginal cost
marginal error
marginal benefit
marginal comparison

Answers

Answer:

marginal cost

Explanation:

"Marginal cost" plays a role when it comes to the quantity that consumers may actually buy for a particular product. If a company decides to produce many bags of good quality at a lower price, the company will be able to save money because over time, they will tend to choose a bulk purchase in which they'll be able to save money. Thus, their marginal cost will decrease. In this case, they can also lower the price for each bag. So, this means that their bags will not be expensive for consumers to buy and the more quantity the consumers will be willing to purchase.

Answer: The answer should be:

A: marginal cost

Explanation:

Edge 2023

Hope this helps! (^_^)

does anyone have a way or trick on using like blocked websites on a school chromebook?

Answers

I’m pretty sure u can disable or some way but it depends on like the type of thing your school uses to block websites :(

what type of business law deals with general employment practices
a copyright law
b corprate law
c contract law
d accounting law

Answers

Answer:

The correct option is;

c. Contract law

Explanation:

A contract law is the aspect of law that is concerned with the agreements between two or more persons or parties such that an exchange is expected to take place or beneficial obligations are made which are legally enforceable.

The elements of a contract making it enforceable is the existence of a contract offer and an acceptance of the offer; evidence of sufficient consideration of the contract terms; Availability to resources and capacity/competence to enforce the contract; and legality of the activities or items in the contract

Answer:

c . contract law

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You buy a watch that costs $45.50. The tax on the watch is 7.5%. What is the final cost?​

Answers

Answer:

$48.9125

Explanation:

7.5% of 45.50 is 3.4125

3.4135+45.50=48.9125

Select the correct answer.
Samantha works at an arcade parlor. She has noticed that, although the arcade is full during peak hours, half the game machines are
unoccupied during non-peak hours. This leads to losses because the arcade has to sustain the cost of running the utilities. What should
Samantha's arcade parlor do in order to increase demand during non-peak hours?

A. ask customers to visit the arcade during non-peak hours

B. sell game tickets (coins) at a lower price during non-peak hours

C. decrease the number of active game machines during non-peak hours

D. increase the number of games per ticket in the arcade

Answers

Answer:

B

Explanation:

all the answers makes sense but since we're specifically asked to increase demand, b makes most sense

1Elmo, Hiiiii! How old is Elmo on sesame street?

Answers

Answer:

Hello I’m big bird

Explanation:

Answer:

Elmo is three and a half years old

Explanation:

Need help ASAP !
Per capita GDP is a better measure of a nation's economic development than total GDP because...

a. it shows how wealthy each person in the country is.
b. it gives a better comparison between countries of different population sizes.
c. it shows how the unemployment rate affects GDP.
d. it uses the exchange rate of the country involved.

Answers

Answer:

a. it shows how wealthy each person in the country is.

Explanation:

GDP per capita shows the average contribution per individual to the country's GDP. It is obtained by dividing the country's GDP by its population. GDP per capita estimates the level of economic activity per citizen. A higher GDP per capita suggests that each individual produced a high value of goods and services in that period.

GDP per capita is a measure of the prosperity of a country. A country with a high GDP per capita has a high economic growth relative to its population. When the output of the country is shared among its population, each individual gets a big proposition.  Therefore, a high GDP per capita indicates that citizens are more wealthy.

Which of the following is a benefit of EFT
A. Limited access
B. Accessibility
C. Difficulty
D. Cost

Answers

Answer:

cost hope this helps and maybe brainliest

PLEASE HELP ME ILL MAKE YOU BRAINLIEST

Answers

a formal code of ethics

Econmics. 'Cause Lord knows that I don't be paying any kind of attention in that class

Answers

Answer:

lol

Explanation:

Both international and domestic travel markets are important for the economy of a country since the international travelers inject export income while domestic travelers recycle the domestic income of the national economy.

Answers

Answer: True

Explanation:

Export income is money that a company makes when it sells goods and services to other countries and its citizens. When international travellers spend on goods and services in a country therefore, they are increasing the export income of a country.

Domestic travellers are also important as they keep the flow of domestic funds going by recycling it when they go to another part of the country.


pls help me
1. What is the count number of the statement?
2. Was there any check card activity? If so, how many transactions were there, and what was the total amount?
3. Were there any service charges? If so, what was the total amount?
4. What is the total of all withdrawals (checks, ATM transactions, check card transactions, service charges)?

Answers

Answer:

lol it is du green one lololol dont tell on me

anyone can do this?

Answers

I love your profile pic ( ༎ຶŎ༎ຶ )

Answer:

Her car

Explanation:

She would have to give up the title of her car because she is borrowing money from a title pawn lender. She'd borrow up to 100-5,000, then she's have to give up her title to her car.

Who has a tw octane on rocket leage?

Answers

Answer:

I do :)

Have a great day!

Answer:

me

Explanation:

Explain the role of entrepreneurship in society

Answers

Answer:

Entrepreneurship plays an influential role in the economic growth and standard of living of a society. As a startup founder or small business owner, you may think that you are simply working hard to build your own business and provide for yourself and your family.

What is an audiologist?

Answers

Answer:

An audiologist is a licensed healthcare professional who specializes in diagnosing and treating hearing

Explanation:

Answer:

Audiologists are health care professionals who identify, assess and manage disorders of hearing, balance and other neural systems.

Explanation:

An audiologist is a licensed hearing health care professional who specializes in the diagnosis and treatment of hearing loss and balance disorders in adults and children. ... Treatment for balance disorders and tinnitus (ringing in the ears) Hearing and speech rehabilitation programs.

Also:

An audiologist is a licensed healthcare professional who specializes in diagnosing and treating hearing, balance and tinnitus disorders and who has, at minimum, a master's degree. Many, however, also go on to get a doctorate degree (Au. D.), and only then become a Doctor of Audiology.

Supporters of free trade argue that it creates which economic benefit?
O A. Helping the environment by reducing emissions from shipping
B. Helping consumers by lowering the cost of goods and services
C. Protecting workers by enforcing international labor regulations
D. Promoting independence by reducing reliance on foreign goods

Answers

Answer:

B. Helping consumers by lowering the cost of goods and services

Explanation:

In a free-market economy, the private sector owns the factors of production. Entrepreneurs have the freedom to choose the type of business they want to run. Production is not limited to specific firms. Businesses are motivated by profits.

Many buyers and sellers characterize free-market economies. There is increased competition among sellers. The competition makes suppliers innovate to improve the quality of the goods and services they offer to customers. Due to competition, customers get quality products and competitive prices.

Answer:

B. Helping consumers by lowering the cost of goods and services

Explanation:

just got it right!

A 6.60 percent coupon bond with 15 years left to maturity is priced to offer a yield to maturity of 7.4 percent. You believe that in one year, the yield to maturity will be 6.9 percent. What is the change in price the bond will experience in dollars?

Answers

Answer:

The price will increase by $44.67

Explanation:

Price of the bond now

Use following formula to calculate the price of the bond

Price of the Bond = C x [ ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]

Where

F = Face value of the bond = $1,000

C = Coupon payment= $1,000 x 6.60% = $66  

n = Number of periods = 15 years

Market Rate = 7.4% annually

( Assumptions:

Face value of the bond is $1,000

Coupon payments ares made annually )

Placing values in the formula

Price of the Bond = $66 x [ ( 1 - ( 1 + 7.4% )^-15 ) / 7.4% ] + [ $1,000 / ( 1 + 7.4% )^15 ]

Price of the Bond = $928.94

Now calculate the price after one year

Where

F = Face value of the bond = $1,000

C = Coupon payment= $1,000 x 6.60% = $66  

n = Number of periods = 15 years - 1 = 14 years

Market Rate = 6.9% annually

( Assumptions:

Face value of the bond is $1,000

Coupon payments ares made annually )

Placing values in the formula

Price of the Bond = $66 x [ ( 1 - ( 1 + 6.9% )^-14 ) / 6.9% ] + [ $1,000 / ( 1 + 6.9% )^14 ]

Price of the Bond = $973.61

Change in price = $973.61 - $928.94 = $44.67

When a spelling error is indicated, what is a quick way to see a list of possible corrections?
Left click on the spelling error
Cut the spelling error
Highlight the spelling error
Right click on the spelling error

Answers

I'm pretty sure that its right click on spelling error
Right click on the spelling error.

what is a Job?

1. Work that you do for pay
2. refers to any useful activity.
3. Series of related jobs or occupations.
4. A career of jobs.

Answers

Work that you do for pay.
1.Work that you do for pay.

If you decide to hunt for your next job while you are still employed, you should be careful to a. Only search for jobs in other industries b. Tell your boss you are looking right away Tell your coworkers where you are looking d. Keep the information to yourself​

Answers

Answer:

D. Keep the information to yourself​.

Assuming you decide to hunt for your next job while you are still employed, you should be careful to: D. Keep the information to yourself​.

An employee refers to an individual who is employed by an employer of labor, so that he or she can perform specific tasks, duties or functions within the business firm, for a certain amount of money paid as wages or salary.

Job hunting is a process through which individuals who are seeking employment go around in search of available job opportunities while submitting an application.

Ideally, job hunting is usually carried out by unemployed people. However, some employed persons go on job hunts when they seek more experience or a higher pay.

On this note, an employed person that decides to hunt for a new job should endeavor to keep such an information to himself or herself because it could lead a termination of contract at his or her current establishment.

Read more on employment here: https://brainly.com/question/3700565

Which is most likely to happen to consumers with good credit? Check all that apply.

They can be approved for loans.
They are denied a mortgage.
They can receive lower interest rates.
They are denied an unsecured loan.
They can use credit in emergencies.
They are forced into high interest rates.

Answers

Answer:

They can be approved for loans.

They can receive lower interest rates.

They can use credit in emergencies.

Explanation:

Good credit history is a result of sound debt management habits. A person with good credit is disciplined in the use of credit facilities. They are characterized by

They pay their debts on time.They do not miss installment payments.Are not overwhelmed by too many debts at a time.

Lenders consider an individual with good credit as low-risk customers. Due to this reason, they are advanced loans at lower interest rates. Customers with good credit get their credit approvals within a short period.

Statements that explains things that most likely to happen to consumers that has good credit are;

They can be approved for loans.

They can receive lower interest rates.

They can use credit in emergencies.

A consumer credit system can be considered as one that give room to the consumers to borrow money or incur debt.

It enable them to defer repayment of the money over time, and with good credit lower interest rates can be accessed.

Learn more at

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11.(03.03 LC)
What does a low interest rate indicate? (5 points)

A poor salary

Increased risk

A higher credit score

Zero loan fees

Answers

Answer:

b or d

Explanation:

can't deside

A low interest rate indicates a higher credit score. This credit score become low when the interest rate will be lowered. Option C is correct.

What is the interest rate?

An interest rate is the amount of interest due consistent with period, as a percentage of the quantity lent, deposited, or borrowed.

The general interest on a quantity lent or borrowed relies upon at the major sum, the interest price, the compounding frequency, and the duration of time over which it's miles lent, deposited, or borrowed.

If the interest rate is low, then the capacity of consumers to buy a certain good increased, and the demand of credit also increased, if the credit demand increased, then there will be the higher credit score.

Therefore, option C is correct.

Learn more about the interest rate, refer to:

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