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Was John W. Mackay a Robber Baron or a Captain of Industry?
John W Mackay was the opposite of a Robber Baron. He brought competition to the telegraph industry and reduced the price of telegraphs. He treated his workers fairly. The Robber Barons established cartels and cheated their workers. They ran sweat shops. They kept prices unnecessarily high. They destroyed competition.
State the final impact of cost-push inflation on the price-level and real output?
Cost pushes the price of products up. Demand will decrease. Output will be reduced.
What U.S did to regulate or build industry?
The (OPA) Office of Price Administration and the rationing of consumer products was put into place.
What best describes the role of steel in Great Britain during the Industrial Revolution?
the mass production of steel reduced its price and led to its use in many industries
How was the cottage industry affected by the individual revolution?
The Industrial Revolution meant that manufacturing increased and goods could be sold at a lower price. Cottage industry could not compete, and many country people and farm labourers moved into the cities and the factories.
Why crude oil price reduced in 2008?
As a result of a downturn in the worlds economic activity the demand for crude reduces causing the price to go down.
What is Elasticity of demand in steel industry?
Elasticity of demand in the steel industry is inelastic. The price of steel can fluctuate and the demand will remain constant. As a result, as price moves, revenue will move in the same direction.
What is the original price for 31.50 reduced by 30 percent?
If 31.50 is the reduced price, the original price was 45.00.
What is the original price of an item that is 31.30 reduced by 30 percent?
If 31.30 is the reduced price, the original price was 44.72
What is the reduced percent when price reduced from 25 to 10?
Reduced 60%
If a suit originally cost 200 but during a sale the suit was reduced in price to 160 What fraction of the original price is the reduced price?
80%
How do you calculate Direct Margin as a percentage?
(selling price - direct cost)/selling price = direct margin
How does an individual benefit from a market economy?
With a market economy, individual can get lower price and much more choice which is a direct result of competition.
What is the price of a desktop computer in pounds?
The price of a desktop computer can go anywhere from 100 pounds to thousands of pounds. It all depends on the computers capabilities which will be a direct result of the hardware within
How do you find what percent you saved when using coupons?
-- If the coupon got you the item for free, then you saved 100% of the regular price.If the coupon got you a reduced price, then-- Divide (the amount you paid) by (the regular price of the item).-- After dividing, multiply the result by 100.-- After multiplying, subtract the result from 100.Now you have the percentage (of the regular price) that you saved.
What is price less discount?
Price less Discount = Discounted price/Reduced price/Sale price.
How would you figure 15 percent off of an item?
You do one of two things. Take the original price, multiply it by .15, and then subtract the result from the original. Or you can multiply the original by .85 (1.00-.15) and get the reduced price immediately.
