Answer:
If the marginal propensity to save is 0.12, the marginal propensity to consume(mpc) is 0.88, and the multiplier is 8.33.
Explanation:
From the question, we are given the following:
mps = Marginal propensity to save = 0.12
The marginal propensity to consume (mpc) and the multiplier can therefore be calculated as follows:
mpc = 1 - mps ........................ (1)
Substituting the values for mps into equation (1), we have:
mpc = 1 - 0.12
mpc = 0.88
Also, we have:
Multiplier = 1 / mps ..................... (2)
Substituting the values for mps into equation (2), we have:
Multiplier = 1 / 0.12
Multiplier = 8.33
Therefore, if the marginal propensity to save is 0.12, the marginal propensity to consume(mpc) is 0.88, and the multiplier is 8.33.
Answer: Continuous innovation
Explanation: Continuous innovation as the name suggest, means the ongoing process of innovation on a particular product or industry with slight changes in each and every stage.
The minor innovations in the latest technology overtime is called continuous innovation. Automobile and mobile phones sector are industries depicting continuous innovation.
C. The adjusting entry for accrued interest on a note receivable would include a credit to interest revenue
Oligopoly is a market structure with a small number of firms, none of which can keep the others from having significant influence. A monopoly is one firm, a duopoly is two firms and an oligopoly is two or more firms.
Answer:
$182,083
Explanation:
The computation of the total assets by considering the total assets turnover is shown below:
Total assets turnover = Sales ÷ total assets
2.4 = $415,000 ÷ total assets
So, the total assets equal to
= $415,000 ÷ 2.4
= $172,917
So, the assets is reduced by
= Year-end total assets - calculated assets
= $355,000 - $172,917
= $182,083
