ferencesMcGrawHillWe can subtract fractions as long as they have the same base (denominator), which is the case here, so we can simplifyour equation as:410- 38046030460We can then leave our answer as a fraction, divide it out to produce a decimal, or multiply that decimal by 100 to create apercentage change.30 x 100 0.0652 x 1004606.52%We can interpret the above by saying that the labor force as a percentage of the overall adult population grew by 6.52%over the relevant time period.ACME corporation currently has a 20% market share in a $15 billion industry (measured by sales revenue). EMCA corporation currentlyhas a 17% market share in that same industry.What is the sales revenue for ACME? (round your answer to 2 decimal places) $nswer to 2 decimal places) $What is the sales revenue for EMCA? (round yourCalculate the difference (as a percentage) in market share for these two firms.billion%billion< Prev3 of 5HHHHScore.answer >

Market share refers to the term used when telling the size of a market that a company represents. A…

ACME corporation currently has a 20% market share in a $15 billion industry (measured by sales revenue). EMCA corporation currently has a 17% market share in that same industry. What is the sales revenue for ACME? (round your answer to 2 decimal places) $ What is the sales revenue for EMCA? (round your answer to 2 decimal places) $ Ebillion billion

ACME corporation currently has a 20% market share in a $15 billion industry (measured by sales revenue). EMCA corporation currently has a 17% market share in that same industry. What is the sales revenue for ACME? (round your answer to 2 decimal places) $ What is the sales revenue for EMCA? (round your answer to 2 decimal places) $ Ebillion billion

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

100%

ferences
Mc
Graw
Hill
We can subtract fractions as long as they have the same base (denominator), which is the case here, so we can simplify
our equation as:
410- 380
460
30
460
We can then leave our answer as a fraction, divide it out to produce a decimal, or multiply that decimal by 100 to create a
percentage change.
30 x 100 0.0652 x 100
460
6.52%
We can interpret the above by saying that the labor force as a percentage of the overall adult population grew by 6.52%
over the relevant time period.
ACME corporation currently has a 20% market share in a $15 billion industry (measured by sales revenue). EMCA corporation currently
has a 17% market share in that same industry.
What is the sales revenue for ACME? (round your answer to 2 decimal places) $
nswer to 2 decimal places) $
What is the sales revenue for EMCA? (round your
Calculate the difference (as a percentage) in market share for these two firms.
billion
%
billion
< Prev
3 of 5
HH
HH
Score.answer >

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