Answer:
A) DOL = 1.33 times; DFL = 1.80 times; and DCL = 2.4 times
B) Next years expected Earnings before interest and tax = $5.5 million; and Net years expected net income = $2.45 million
C) Next years expected Earnings before interest and tax = $2.5 million; and Net years expected net income = $0.35 million
Explanation:
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The answer is d because d
A firm could continue to operate for
years without ever earning a profit as long as it is producing an output where
<span> B. MR
>AVC</span>
<span>MR stands
for marginal revenue which is the sale price of a single item sold. On the
other hand, AVC or the average variable cost is the firm’s variable costs
divided by its output that is produced.</span>
Answer: Keynesian Economic Theory
Explanation: The policy adopted by the President was to cut back taxes and increase government spending on road, bridges and schools. This policy of the government is called the expansionary fiscal policy which is used to combat an economy suffering from recession. The Keynesian theory also supports the argument that when an economy is suffering from recession, economic output is influenced by aggregate demand. Thus, the government and use its fiscal policy tools to bring the economy out of recession. It also supports that the Fed can also use its monetary policy to bring the economy out of recession. But since here taxes and government spending are uses, we can say that Obama was a proponent of Keynesian Economic theory.
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