Use the following table to find percentage changes in the cost of living (COL) from 2020 to 2021: Year Housing ($) Transportation ($) 2020 10,000 2021 10,500 2022 11,000 0.71% O 7.09% 79% O 70.9% 1,200 1,350 1,400 Food ($) 1,500 1,750 1,800 COL ($) Change(%) N/A
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- Year Wage Rate Hours Worked $69 $71 $101 $138 $107 2 3 5 What is Real Income for year 2? O $12088 11 31 65 120 88 O $3144 O $1116 O $8883 Nominal Income CPI (Year 3 = 100) 68 70 100 137 106 $759 $2201 $6565 $16560 $9416 Real Income $1116 ? $6565 $12088 $8883What is the Consumer Price Index (CPI)? What is the difference between commodity-specific and composite price indexes? Can each be used in engineering economic analysis?Based on the data, answer the questions. Earner Sally Pat What is Sally's tax rate? 38% 33% O 28% 24% Annual income amount $94551.00 $304557.00 What is Pat's tax rate? 0000 O 22% 31% 33% 24% Income tax amount $31201.83 $73093.68
- (e) $1,250 per week $1,100 per month $3,000 per year Income from wages: Rental income: Income from investments: $58 per month National Insurance contributions: $129 per month Group Medical Insurance premium: Contribution to private pension fund $60 per month. Calculate: (i) the gross monthly income (ii) the disposable income per month (iii) the monthly savings if expenditure is $3,200 per month.5. It is a common practice in lending companies that the interest is deducted at the time money is borrowed. Mr. Anito applied a loan amount of P 50,000 with an interest rate of 16% per year. During the time he received the money, the 16% interest is being deducted and he received only P 42,000. At the end of one year, Mr. Anito has to pay P 50,000. What is the actual rate of interest?consumption (units/year) 2500 2000 1500 1000 500 0 5 10 15 20 25 30 35 40 45 leisure (weeks/year) Ron chooses how many weeks to work each year. His time endowment T is 50 weeks per year, which conveniently lies on the grid in the figure below. His wage rate (w) is $400 per week, the price of consumption (p) is $10 per unit, and he has no nonlabor income (i.e., y = 0). What is Ron's real wage? That is, if he works another week, how many more units of consumption does he enjay? units Leisure is said to be a normal good if indifference curves get steeper going up a vertical line drawn through the optimal choice for the highest possible indifference curves associated with changes in: O Non-labor income O All income O Labor income
- (Refer to the photo below for the given data) Compute for Rent income.Assume a market basket includes three avocados, two loaves of bread, two dozen eggs, and a seasoning packet. Item Price base year ($) Price current year ($) Avocado (per each) 1.25 1.50 Bread (per loaf) 2.99 3.19 Eggs (per dozen) 4.00 4.50 Seasoning (per packet) 1.50 1.25 According to the table shown, what is the change in the price level between the base year and the current year? Please type out the correct answer ASAP with proper explanation thank youEconomics Joey is opening a coffee shop and he needs to decide how many baristas he should staff. He did some analysis of other coffee shops and he determined that this is an M/M/s system. He expects customers to arrive at the rate of 6 per minute and the service rate will be 3 customers per minute per barista. He estimates the cost of waiting Cwto bee60 and the cost of service Cs will bee14 per hour per barista. (a) What is the minimum number of servers this system must have? (b) What number of servers will minimise the total cost.
- Trombly Fabrication has three production facilities located in the state, each producing the same basic mix of products. Facility 1 was the original plant and the only one for several years. Facilities 2 and 3 were added recently to handle the increased volume. Data for the three facilities on output and the three primary inputs for the most recent period follow: Value of product produced Materials cost Labor cost Overhead Facility Facility 1 Facility 2 Facility 3 Facility 1 $ 545,698 223,000 92,820 100,980 Required: a. Compute the total factor productivity for the three production facilities. Note: Round your answers to 2 decimal places. Total Factor Productivity Facility 2 $ 283,108 138,400 40, 100 81,900 Facility 3 $ 242,432 123,700 36,200 71,9003 Your company plans to raise price on product A by 5% per year. Due to competition, sales volume from product A is expected to decline at 10% per year. Revenue will be $5M for this year. Alternatively, based on the projection from the marketing department, you may reduce the sales volume decline from 10% to 5% if the price is kept unchanged. The product will be discontinued at the end of year 5 for both scenarios. If the firm's TVOM is 10%, Determine the revenue cash flow streams for both alternatives. What is the Excel financial function to compute PW of the revenue streamsctors) on of es 1. Relationship of data usage and bill Data Usage(GB/month) 0 10 20 30 Bill($/month) 10 30 50 70 A. Draw the graph, placing data usage horizontally(on the X axis) and bill vertically(On the Y axis). B. How much is the monthly fixed fee? C. How much is the charge per GB? D. What is the Equation that describes the relationship, where data usage is denoted by D, and bill by B? E. How much would be the charge for 50 GB use per month?