Recover because my mom like money and the discount rate is 8%
Answer:
An extra unit of capital per worker increases output per worker MORE IN LOWLAND compared to Highland
Explanation:
The economies of highland and lowland are identical.
They both have different level of capital per worker.
The level of capital in Highland is higher.
Production function in the two economies exhibit diminishing marginal product of capital.
An extra unit of capital per worker increases output per worker more in lowland compared to Highland because of the higher level of capital in Highland.
Answer:
The answer is $5000
Explanation:
total change in MS =change in MB×MM
Money multiplier = 1/0.2= 5
Therefore total change = 1000* 5= $5000
Answer:
The net income is $94,450
Explanation:
For computing the net income first determine the total assets and total liabilities which is shown below:
For total assets
= cash + account receivable + store & office equipment
= $69,350 + $39,000 + $73,000
= $181,350
For total liabilities
= Account payable + note payable
= $13,300 + $3,400
]= $16,700
Now with the help of an accounting equation, the total stockholder equity is
Total assets = Total liabilities + common stock + net income
$181,350 = $16,700 + $70,200 + net income
So, the net income is $94,450
Answer:
Both will save the equal amount of money at the age of 75 years
Explanation:
Given:
Amount saved by Cindy per year = $2,000
Amount saved by Bob each year = $4,000
Now,
Cindy started saving at the age of 25 and till the age of 75
thus,
The total number of years for which Cindy saved = 75 - 25 = 50 years
Therefore,
The total amount saved by the Cindy
= Amount saved each year × Total number of years
= $2,000 × 50
= $100,000
and,
Bob started saving at the age of 50 and till the age of 75
thus,
The total number of years for which Bob saved = 75 - 50 = 25 years
Therefore,
The total amount saved by the Bob
= Amount saved each year × Total number of years
= $4,000 × 25
= $100,000
Hence, Both will save the equal amount of money at the age of 75 years
