You are given the following straight-line trend equation: Sales = 1,275 + 89.3t, where 1990 represents t = 1. Project sales for 2000
What will be an ideal response?
2,257.3
You might also like to view...
A principle is a self-evident truth that most people readily understand and accept
Indicate whether the statement is true or false
John keeps beehives and sells 100 quarts of honey per month. The honey market is perfectly competitive, and the price of a quart of honey is $10. John has an average variable cost of $5 and an average fixed cost of $3
At 100 quarts per month, John's marginal cost is $10. a) Is John maximizing his profit? If not, what should John do? b) Calculate John's total revenue, total cost, and total economic profit or economic loss when he produces 100 quarts of honey.
Ordinarily, governments attempt to promote competition in markets. Why do governments use patents to block entry into some markets when this prohibits competition?
A) Politicians sometimes succumb to pressure from lobbyists to grant favors to businesses for political reasons. B) Patents are an important source of government revenue. C) Patents are justified because they are an important means for creating network externalities. D) Patents encourage firms to spend money on research necessary to create new products.
Money serves all of the following functions except:
A) medium of exchange. B) store of value. C) unit of account. D) measure of power.