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Bumek [7]
3 years ago
9

"what is meant by comparative​ statics? explain with an example".

Business
1 answer:
maksim [4K]3 years ago
6 0
<span>An adjustment in a result or we can say that this is a transformation that is brought about as a result of adding another unit of unit of input an example is increased production that is brought about as a result of the purchase of an equipment, another example is that of increase in work effort that lead to increased wage.</span>
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When the economy is growing, total output is _____ and total income is _____.
arsen [322]
Increasing ,increasing
the reason is that when the economy is growing more money is flowing ,unemployment is decreasing so more goods and services are produced ,as a result of low unemployment ,more consumption and total output increasing total income is increasing
8 0
3 years ago
Read 2 more answers
Ryan lives in Iowa and is completing his fourth year of electrician apprenticeship training. After achieving journeyman status,
Dmitriy789 [7]

Answer: D. Occupational license

Explanation: Occupational licenses are issued by government agencies are a form of validation that a worker has completed a certain type of education or passed a certain test.

7 0
3 years ago
What is the difference between carriage forward and carriage paid?
USPshnik [31]

Answer: carriage forward means delivery is being laid by the buyer. Carriage paid means delivery is paid by the seller.

7 0
2 years ago
It is likely that airplane tickets will be increased by 5% each year for the next four years. The cost of the plane ticket to De
Luba_88 [7]

Answer:

The amount to save now is = $862.03 (to 2 decimal places)

Explanation:

In order to solve this, we will compute the end-of-year amounts using the 5% increase each year. This is done as follows:

Year 1 ending = $200

Year 2:

Year 2 beginning price = $200

Note that 5% increase = 5/100 = 0.05

increase in year 2 = 5% of 200 = 0.05 × 200 = 10

Year 2 new price = 200 + 10 = $210

Year 3:

beginning price = $210

increase in year 3 = 0.05 × 210 = $10.5

Year 3 new price = 210 + 10.5 = $220.5

Year 4

beginning price = $220.5

interest in year 4 = 0.05 × 220.5 = 11.025

new price in year 4 = 220.5 + 11.025 = $231.525

Next to calculate the amount needed to pay for one travel ticket per year for the next four years, we will add the prices of the tickets each year as follows:

Total amounts needed = 200 +210 + 220.50 + 231.53 = $862.03

5 0
3 years ago
What is income not used for consumption called?
inna [77]
The answer to the question above is letter C. The income that is not used for consumption is called a SAVINGS. Saving consist of the amount left over when the cost of a person's consumer expenditure is subtracted from the amount of disposable income he or she earns.
6 0
4 years ago
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