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# Other factors remaining constant, an increase in the average payment period will

42) Other factors remaining constant, an increase in the average payment period will _____. A) increase the average collection period. B) decrease the operating cycle. C) not affect the cash conversion cycle. D) not affect the operating cycle. 43) Other factors remaining constant, a decrease in the average age of inventory will result in _____ 43) Other factors remaining constant, a decrease in the average age of inventory will result in _____. A) a decrease in the average collection period B) a decrease in the cash conversion cycle C) an increase in the cash conversion cycle D) an increase in the average collection period Answer: B Diff: 1 Topic: Calculating the Cash Conversion Cycle Learning Obj.: LG 2 Learning Outcome: F-24. Question: Other Factors Remaining Constant, An Increase In The Average Payment Period Will_______ A. Not Affect The Cash Conversion Cycle B. Decrease The Operating Cycle C. Not Affect The Operating Cycle D. Increase The Average Collection Period

### Video: Solved > 41) Other factors remaining constant, an increase

44) Other factors remaining constant, an increase in the average payment period will result in _____. A) a decrease in the average collection period B) a decrease in the cash conversion cycle C) an increase in the cash conversion cycle D) an increase in the average collection period Answer: B Diff: 1 Topic: Calculating the Cash Conversion Cycle Learning Obj.: LG 2 Learning Outcome: F-24. Other factors remaining constant, an increase in the average payment period will result in _____. asked Dec 21, 2018 in Business by offed A) a decrease in the average collection period Other factors remaining constant, an increase in the average collection period will result in _____ asked Jun 3, 2016 in Business by meye4u A) an increase in the operating cycl

### Other factors remaining constant an increase in the

• Other factors remaining constant, an increase in the average payment period will result in a decrease in the cash conversion cycle A customer sends payment to a post office box which is emptied by a firm's bank daily
• g period should finance the increase in working capital with ________
• Other factors remaining constant, an increase in the average payment period will _____. A. not affect the cash conversion cycle B. decrease the operating cycle C. not affect the operating cycle D.
• All other factors remaining constant, rising money supply may increase demand for imports relative to exports, hence deteriorating the trade balance. Similarly, all other factors remaining constant, population growth (Pop) can be expected to be detrimental to the trade balance because it can lead to a rise in demand for imports, especially, in.
• imize risk
• This means increase and decrease in quantity supplied due to change in the price of the commodity other factors remaining constant. When the price increases quantity supplied increase and with the price decrease quantity supplied decrease. Change in supply (Rise and Fall in Supply) Also referred to the shift of the supply curve
• The FV formula assumes a constant rate of growth and a single up-front payment left untouched for the duration of the investment. The FV calculation can be done one of two ways, depending on the.

The other things remaining constant, if a division doubles its investment turnover, its ROI will A. decrease C. remain constant B. increase D. doubl Other factors remaining constant, the company should select its appropriate capital structure with due consideration. Advantages of Debt -The main advantages of debt capital are as follows: (a) The administrative and issuing costs are normally lower than raising equity capital 300 mrad/min. D. 3,000 mrad/min. C. The interaction illustrated in Figure 3-5. can pose a safety hazard to personnel. can have a negative impact on image quality. occurs with low-energy incident photons. A Price elasticity of supply is the relative changes occur of the quantity of supply of a good due to the relative change of price of the particular good or service in the given time of period while all the other factors remaining constant. Perfect inelastic supply: if there is a change of price , supply will not change

### Solved: Other Factors Remaining Constant, An Increase In

The only things that affect the period of a simple pendulum are its length and the acceleration due to gravity. The period is completely independent of other factors, such as mass. As with simple harmonic oscillators, the period T for a pendulum is nearly independent of amplitude, especially if θ is less than about 15º. Even simple pendulum. Figure: 1 Impact of Inflation on Taxes in Pakistan: An empirical study of 2000-2010 period 4.RESULTSThe apparent position of the Chart 1 above describes that successive increase in inflation causes an increase in the tax revenue. The responsiveness of direct taxes is quite lower as of indirect taxes and the total is averaged increase, other factors remaining constant, as an individual gives up more of that good. Diminishing Returns As more and more of a productive resource is added to a given amount to other productive resources, additions to output will eventually diminish other factors, such as technology and the degree of specialization remaining constant.

Meaning: Among the many causal factors affecting demand, price is the most significant and the price- quantity relationship called as the Law of Demand is stated as follows: The greater the amount to be sold, the smaller must be the price at which it is offered in order that it may find purchasers, or in other words, the amount demanded increases with a fall in price and diminishes with a. Click to read in-depth answer.Hereof, what is meant by the law of supply? The law of supply is a fundamental principle of economic theory which states that, keeping other factors constant, an increase in price results in an increase in quantity supplied. In other words, there is a direct relationship between price and quantity: quantities respond in the same direction as price changes An increase in income, other factors remaining constant, would be expected to lead to increased water use. The estimated nominal income elasticity was estimated to range from 0.07 to 0.09. The estimated models indicate the number of price tiers has a negative effect on water use, holding all other factors constant

Economics Semester 1 Exam Review. the idea that human wants exceed the ability to produce goods and services from our limited resources to fulfill these wants. the excess of actual earnings that a producer makes from a given quantity of output, above the amount the producer would be willing to accept for that output

1. The law basically states that the ratio of the molar masses of the elements in a compound always remains the same,no matter where the compound has been found,or in what way it has been created
2. Statement True False After the end of the second year and all other factors remaining equal, a future value based on compound interest will never exceed the future value based on simple interest. All other variables held constant, investments paying simple interest have to pay significantly higher interest rates to earn the same amount of.
3. or other factors. Elasticities are measured by the percentage change in demand (or supply) divided by the percentage change in the factor. Thus, a price elasticity of demand for electricity of -.5 means that a 20% increase in price will lead to a 10% fall in the demand for electricity (other factors remaining constant)
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5. Other factors remaining constant. Change in demand at each possible price, have changed. Change in quantity demanded he means movement along the same curve. Increase or a decrease in demand, he refers to a shift of the whole curve. 'Change in quantity demanded' represents movement upwards or downwards on the same demand curve

### Chapter 15 Final FINANCE 450 Flashcards - Questions and

1. Short period is such type of period in which producers does not change all the factors. But on the other hand, long period is such type of period in which producers changes all the factors. when production is increase average variable cost is also increases, and vice-versa. other things remaining constant' the price of a commodity.
2. So, keeping all other factors remaining constant, which affects the quantity demanded, the quantity of good inversely related to the price in a typical time period. So, law of demand says that there is a inverse relationship between the price and quantity demanded, other things remaining constant
3. Chapter 4 Assignment After the end of the second year and all other factors remaining equal, a future value based on compound interest will never exceed the future value based on simple interest Everything else held constant, an account that earns compound interest will grow more quickly than an otherwise identical account that earns simple.
4. Itis due to change in other factors, price of a commodity remaining constant. CHANGE IN DEMAND 2Types (1) Increase in Demand Rise is quantity demanded, due to favourable changes in other factors of demand andprice remaining constant. D a increase b P D 1 D Q Q 1 D 1 e (`) Y 0 X Quantity Demanded (kgs) DD- curve shifts to right of original DD.
5. When any one of the factors changes, the entire demand curve shifts. When an individual's money income rises, other factors remaining constant, his demand curve for a commodity will shift upwards to the right. He will buy more of the commodity at a given price, as shown in Figure 4

Holding other factors constant, a percentage increase in large firms' share to total employment is, on average, associated with 0.39 percentage point lower entrepreneurial activity, 0.26 percentage point lower for opportunity-driven entrepreneurs and 0.11 percentage point lower for necessity-driven entrepreneurs increase the level of profitability. However, the traditional view of the relationship between a firms working capital level is such that, all other factors remaining constant, the longer cash conversion cycle hurts the profitability of the firm ( Deloof, 2003). This therefore requires tha The other important factor which can cause an increase in demand for a commodity is the expectations about future prices. If people expect that price of a commodity is likely to go up in future, they will try to purchase the commodity, especially a durable one, in the current period which will boost the current demand for the goods and cause a. Shifts in Demand Curve Extension and Contraction of Demand occurs due to changes in price, other factors remaining constant When more of a commodity is purchased with a fall in price then it is known as extension of Demand and vice versa Refer to movement along same demand curve Increase and Decrease in Demand refers to changes in demand due to. The Law of Demand states that other factors remaining constant, the demand for a commodity expands with fall in its price and contracts with rise in its price. In other words, Law of Demand states that there is an inverse relationship between the price of a commodity and its quantity demanded. Assumptions of the Law of Demand are as follows

13) Other factors remaining? constant, a decrease in the average age of inventory will result in? _____. A. a decrease in the average collection period. B. an increase in the cash conversion cycle. C. a decrease in the cash conversion cycle. D. an increase in the average collection period. 14) The goal of working capital management is to During the same period, the other four factors (i.e., population, production structure, consumption patterns, and consumption volume) each contributed to the increase in energy consumption. The production structure made the largest contribution and increased energy consumption by 18% with other factors remaining constant The higher the transaction costs, all other factors remaining constant, the less likely there will be a prepayment. The prepayment rates (the first instance of prepayment is sufficient as the prepayment rate is 100%), so obtained are used in the valuation model and the resulting value derived from the model is the fair value of the term loan.

Thus, demand price is identical with average revenue (AR). That is why; the demand curve is also drawn as AR curve. The law of demand states that The higher the price the lower the demand, the lower the price the higher the demand, other factors remaining constant. Assumptions of the law of deman Elasticity of demand Price elasticity of demand- It is defined as the degree of responsiveness in the quantity demanded of a commodity due to change in its price, other factors remaining constant. Factors affecting price elasticity of demand: 1. Nature of commodity 2. Availability of Substitutes 3. Diversity of uses 4. Income level of the buyer 5

### Finance Chapt 15 Flashcards Quizle

1. Contraction of supply refers to a fall in the quantity supplied, due to a fall in the price of a commodity, other factors remaining constant. In the case of contraction of supply, there is a downward movement on the same supply curve. It is shown in figure 4.7. In figure 4.7, the quantity supplied is shown on the X-axis and the price on the Y-axis
2. The short run is a period of time in which only one input (say labor) is allowed to vary while other inputs land and capital are held fixed. In the short run, therefore, production can be increased with one variable factor and other factors remaining constant. In the short run, the Law o
3. Increase in the income of a consumer would automatically increase the demand for products by him/her, while other factors are at constant, and vice versa. The income-demand relationship can be analyzed by grouping goods into four categories, namely, a.Essential consumer goods, b.Normal goods, c.Inferior goods, d.Luxury goods
4. A hypothetical 10% increase or decrease in the number of outstanding Gamesys shares that are exchanged for Bally's Common Stock, all other factors remaining constant, would result in a corresponding increase or decrease in the equity consideration of $57.1 million, or 920 thousand shares of Bally's Common Stock 5. The period is completely independent of other factors, such as mass and the maximum displacement. As with simple harmonic oscillators, the period T for a pendulum is nearly independent of amplitude, especially if $\theta$ is less than about $15\text{°}.$ Even simple pendulum clocks can be finely adjusted and. ### Cash Conversion Cycle Questions and Answers Study Generally, the demand for a commodity is dependent on its price, assuming the other factors remaining constant. Therefore, if a slight change in the price causes the demand for a commodity to change, then the demand is said to be elastic. For example, Gasoline is the best example of elastic demand, as with a rise or fall in its prices, the. If the interest rate rises for a security that has minimum risks then the investors will prefer to invest in risk-free security and the value of other securities will drop.Therefore, the value of the convertible is expected to drop with the increase in risk free interest rate, other factors remaining constant. • Increase in the Dilution Factor increase, other factors remaining constant, as an individual gives up more of that good. Diminishing Returns As more and more of a productive resource is added to a given amount to other productive resources, additions to output will eventually diminish other factors, such as technology and the degree of specialization remaining constant Definition: Law of supply states that other factors remaining constant, price and quantity supplied of a good are directly related to each other. In other words, when the price paid by buyers for a good rises, then suppliers increase the supply of that good in the market The demand changes as a result of changes in price, other factors determining it being held constant. We shall explain below in detail how these other factors determine market demand for a commodity. These other factors determine the position or l.. Return on investment—sometimes called the rate of return (ROR)—is the percentage increase or decrease in an investment over a set period. It is calculated by taking the difference between the. (b) What increase in flow is obtained from a 5.00% increase in radius, again assuming all other factors remain constant? 15: Example 2 dealt with the flow of saline solution in an IV system. (a) Verify that a pressure of is created at a depth of 1.61 m in a saline solution, assuming its density to be that of sea water That is, if you were to increase an average running back's compensation by$100,000, his number of yards after contact per rush would rise just 0.74 inch, which is completely meaningless The Woms intervention was found to reduce works duration by 1·33 d per activity (significant to 99% confidence) (all other factors remaining constant). Based on the average volume of 4902 works and multiplying this by the mean duration of highway works of 3·9 d prior to the Woms intervention (see Table 1 ), the typical highway work days.

Further, similar studies have reported that, other factors remaining constant, landlocked countries that rely on transoceanic trade tend to incur a cost of trade that is twice the amount incurred by their maritime neighbors, and experience six percent less economic growth compared to their non-landlocked neighboring countries The only things that affect the period of a simple pendulum are its length and the acceleration due to gravity. The period is completely independent of other factors, such as mass. As with simple harmonic oscillators, the period for a pendulum is nearly independent of amplitude, especially if is less than about . Even simple pendulum clocks can. In the case of hospital beds, an increase of 1 unit in the ratio of beds per 100,000 inhabitants reduces the mortality rate of COVID-19 by 0.3%, all other factors remaining constant

conducted, all other factors remaining constant. Therefore, HUD is interested in comments from all interested parties, including those PHAs that have engaged in a local survey program, and those PHAs that have not supplied local survey data. 1 HUD notes that even when the FMR change component of the RFIF calculation uses a local survey, the RFI The High Fuel Tax scenario increases the gasoline tax by an amount, in constant 2007 dollars, that begins at $1.27 per gallon in 2010 and grows at an annual rate of 1.54%, reaching$1.73 per gallon in 2030. 19 The same tax increase (adjusted for energy density) is applied to diesel fuel, ethanol, and ethanol blends What force constant is needed to produce a period of 0.500 s for a .0150-kg mass? Solution $$\displaystyle 2.37N/m$$ 32. If the spring constant of a simple harmonic oscillator is doubled, by what factor will the mass of the system need to change in order for the frequency of the motion to remain the same? 33 An increase in supply occurs when: 7. A payment made by the government that does not necessarily require an exchange of economic activity in return is called a Other factors remaining constant, when the _____ of a good increases, the quantity supplies increases. If the long-run average total cost curve for a firm is horizontal in a.

This factor may deter real the real estate investors based out of the UK from investing in Australia. So, it can be inferred that all other factors remaining constant, the real estate investment arising out of the UK in Australia post Brexit may see no significant change or may see a very steady growth (Barkham and Holberton, 2017). Conclusio To illustrate the sensitivity of flow rate to various factors, calculate the new flow rate for the following changes with all other factors remaining the same as in the original conditions. (a) Pressure difference increases by a factor of 1.50. (b) A new fluid with 3.00 times greater viscosity is substituted

The break-even point (BEP) in economics, business—and specifically cost accounting—is the point at which total cost and total revenue are equal, i.e. even. There is no net loss or gain, and one has broken even, though opportunity costs have been paid and capital has received the risk-adjusted, expected return. In short, all costs that must be paid are paid, and there is neither profit. Other factors remaining constant, an increase in the average payment period will ____. a. a. increase the average collection period b. decrease the operating cycle c. not affect the cash conversion cycle d. not affect the operating cycl

### Seaport efficiency and the trade balance in Africa

1. ishing, return is the proportional decrease in the amount of return as a single element of production is increased, all other factors remaining constant. This Law of Decreasing Returns is also known as the Law of Variable Proportions
2. Other factors remaining constant, the quantity demanded will be 415 - 1.2P. Note that quantity is a linear function of price and the quantity is inversely proportional to price. For every $1 increase in price of the product, the quantity demanded will reduce by 1.2 units. Demand Curv 3. In other words, it does not change its position; and it is only the consumer who moves downward or upward on it. Increase in Demand or Decrease in Demand. The shift in the demand curve or the change in the demanded can be due to any other factors affecting the demand, while the price is constant is called Change in Demanded 4. The impact of broad money supply (LOGM2): The results of the (FMOLS) in Table 5 indicate that the M2 has a positive and statistically significant impact on Jordan's (FER), where the elasticity value is (4.22). This means that increasing M2 by one percent with other factors remaining constant will increase (FER) by 4.22% 5. A fall in the exchange rate causes an increase in the prices of imported components and raw materials and will (other factors remaining constant) lead to a decrease in supply in a number of different markets and industries. For example if the pounds falls by 10% against the Euro, then it becomes more expensive for British car manufacturers to. ### Solved > 21) The risk of the conservative funding:1415249 risk factors Q j whose liquidity horizons are at least as long as LH j are simulated (with all other risk factors remaining constant); and LH j is the liquidity horizon in days for j, as shown in the table below. If all risk factors are from the same liquidity horizon category, then total ES scales from the 10-day ES (ES 10 (Q 1)) as follows in. A movement along the demand curve indicates changes in the quantity demanded because of price changes, other factors remaining constant. A shift of the demand curve indicates that there is a change in demand at each possible price because one or more other factors, such as incomes, tastes or the price of some other goods, have changed Law of demand states that other things being equal, there is a negative relation between demand for a commodity and its price. In other words, when price of the commodity increases, demand for it falls and when price of the commodity decreases, demand for it rises, other factors remaining the constant other factors such as employment rates, delay of effective retirement age, or immigration Æwhich also play a role on the economic consequences of ageing. average pension. (2) is equivalent to • (3) E x GDP/E c = R x t x GDP/E where: · E = number of employed people (in full-time equivalents). · GDP/E =. ### Theory of supply » Nyololo Fli In essence, when the production due a factor is sought to grow through a specific quantity of fixed factors in addition to the variable factors, then the law of variable proportions comes in operation. The ratio between the fixed factors and the variable factor varies, when variation is only in one factor, while retaining other factors as constant Calculating Economic Order Quantity. The following formula is used to calculate the EOQ: Economic Order Quantity: √ (2 x S x D)/H. Annual Demand (D) The Annual demand is the number of units that you sell annually. If actual units are not available, then you can use expected sales figure based on your sales trend period 11. Slow by a factor of 2.45 13. length must increase by 0.0116% previous index next Michael Fowler The Simple Pendulum Galileo was the first to record that the period of a swinging lamp high in a cathedral was independent of the amplitude of the oscillations, at least for the small amplitudes he could observe. In 1657 We have assumed that all the other factors will remain constant through Now let us look at the situation when the volatility increases to 30%. When the volatility goes up from 25% to 30% we can see that the value of the call and put option have gone up simultaneously as per the Black & Scholes model 3. New entrants coming into the market: Higher prices may create an incentive for other businesses to enter the market leading to an increase in supply.Shifts in the Supply CurveThe supply curve can shift position. If the supply curve shifts to the right (from S1 to S2) this is anincrease in supply; more is provided for sale at each price ### Future Value (FV) Definition - Investopedi (a) Calculate the quantity demanded of a commodity when its price increases from Rs. 4 to Rs. 6. The original quantity demanded was 40 units and the price elasticity of demand is 0.5 Just as demand theory states that other factors remaining constant a consumer will increase quantity of goods demanded when its price is lower, Public procurement Act requires among other things to select the lowest bidder( assuming other things are equal to all bidders, for instance quality and time of supply) The process of budgeting in the. Other factors remaining constant, if participation rates increase (or decrease), then enrollment demand increases (or decreases). Participation rates can change due to a number of factors, including student fee levels, availability of financial aid, state and institutional efforts to promote college going, and the availability and. 10.4 FACTORS AFFECTING THE RATE OF CONSOLIDATION 10.4.1 Permeability An increase in permeability of the consolidating soil would lead to an increase in the rate of seepage flow, other factors remaining constant. With the greater rate of expulsion o September at 16.86%. According to CBK records, the average interest rate for lending in Kenya has been 16.5% for the period between January 2010 and December 2015. During this same period, the lending rate oscillated between a low of 13.85% to a high of 20.34%. 1.1.2 commercial banks profitability ### Testbanks General Info Accounting Materials 1. ishing marginal rates of substitution. The marginal rate of substitution of factor 1 for factor 2 is the number of units by which x 1 can be reduced per unit increase in x, output remaining unchanged. In the diagram, if feet of gold wire are indicate 2. Between 2000 and 2010, among countries with available data for this period, teachers' salaries (expressed in constant prices) increased on average by 16% at the primary level and by 14% at the lower secondary level, whereas class sizes decreased on average by about 14% at the primary level and by 7% at the lower secondary level 3. If we calculate the premium of men and women with all the other factors remaining constant, the premium of women would be at least 10-15% less than that of men's. But it is important to note that most of the deaths occur in women at the time of pregnancy and the insurance companies would not be willing to insure a carrying woman The Law of demand states that the quantity demanded and the price of a commodity are inversely related, other things remaining constant. That is, if the income of the consumer, prices of the related goods, and preferences of the consumer remain unchanged, then the change in quantity of good demanded by the consumer will be negatively correlated. tion is also direct, that is, other factors remaining constant, the higher the tem- perature the greater is the demand for fresh summer lemons. The effect of weather on the demand the other hand, an increase in the price average of the period 1925-1941 at three marketing levels At March 31, 2007, an immediate adverse change in the discount rate and estimated life of 10% and 20%, with other factors remaining constant, would reduce the fair value of the Residual Interest, with a corresponding increase in the loss on sale of receivables, but would not have a material impact on the Company's consolidated financial. ### Capital Structure and Value of Firm Financial Managemen Annual average (weighted): 278 mm •South: 80 - 200 mm •North: 250 - 1600 mm Yield Increase over the 44 year period =38.54 ± 1.07 kg/ha/year. 32 (other factors remaining constant) 34 Effect of increase in CO 2 concentration on wheat yiel The greater the head pressure, the faster the fluid flow rate (all other factors remaining constant), and consequently, the greater the volume of flow. Pipe size also affects the flow rate • both call and put prices generally increase As stock volatility decreases (average) price • a range of stock prices • The range - a general rule of statistics • assuming a log-normal distribution of stock prices • prices within 1 SD ≈ 68% of the time Other pricing factors remaining constant, a chang The projections are of the form that, other factors remaining constant, if factor X is increased, then thus and so will be the case. It is an admission that prediction is iffy. It is an admission. other factors remaining constant, the larger the particle the more rapidly it will settle in a quiescent liquid. The relation between the velocity of subsidence in mm./sec. (hydraulic subsiding value) and the particle size (in mm.) is not always a constant one. It has been shown by Haze Law of Supply If the price of commodity rises, the level of quantity supplied rises, after factors remaining constant, o Supply Curve: in the graphical representation of supply schedule when the factors affecting supply remain constant. • Movement from A to B: Extension in Supply • Movement from B to A: Contraction in Supply s Fig Other factors remaining constant, higher treatment ex­ penditures, if not due solely to price increases, should be reflected in greater discharge rates. Betwe~n 1947-1949 and 1957-1959, the discharge rate26 for all hospitals com­ bined increased from 16,0 percent to 21.0 percent.21 In other words, for the system as a whole, the chances of ### Flashcards - rAD pROTECTIONMinimizing patient exposur Quantity supplied: the amount of a product that producers are willing and able to sell at a certain price during a time period, all other factors that may determine supply remaining the same. Supply: the total amount of a commodity available for purchase by consumers. Supply curve: the graphical representation of how supply varies as prices change From the point of view of the seller, the demand price is the average revenue (revenue per unit) or income he expects to earn from the sale of unit of a commodity. Thus, demand price is identical with average revenue (AR). That is why; the demand curve is also drawn as AR curve As these costs increase, they have a depressing effect on grower prices, other factors remaining constant. We tried a number of alternative variables to measure the effect of marketing costs. The measure that worked consistently best was the farm-to-retail price spread index for bakery and cereal products Output can be measured in 3 different ways:- Total Product - Total product refers to the total number of units of a commodity produced during a specific period. 1,000 shirts produced in a day constitute the total product. Average Product - It is derived by dividing the total product by the number of units of variable factor employed On the other hand, Market demand is the aggregate of individual demands of all the consumers of a product over a period of time at a specific price while other factors are constant. For example, there are four consumers of sugar (having a certain price).These four consumers consume 30 kilograms, 40 kilograms, 50 kilograms, and 60 kilograms of. The actual purchase consideration will be determined upon the completion of the transaction. A hypothetical 5% change in the price of AstraZeneca ADSs, all other factors remaining constant, would result in a corresponding increase or decrease in the total purchase consideration of$1.3 billion

Harvesting more than 25 percent of the does, however, can cause the population growth to decline. If hunting mortality is eliminated, with other mortality and reproductive factors remaining the same, then a deer population has the potential to increase at a very rapid rate, nearly quadrupling within 10 years All other factors remaining constant, the equilibrium greenhouse warming, resulting from a doubling of CO2, is estimated to be between 0.5°C and 1.2°C (Ramanathan, 1981, Lindzen et al. 1982, Houghton et al., 1990; Sun and Lindzen, 1993a). These values may seem small, but CO2 is only a minor greenhouse gas The coefficient of experience is 4.792. This implies that a 1-year rise in experience leads to a 4.792 $rise in the earnings, all other factors remain constant. The coefficient of skill is 62.696. This implies that a 1 unit rise in the skill score leads to a 62.696$ rise in the earnings; all other factors remaining constant