All the following are benefits of having a budget except _____.

1 answer:

3 0

E. Making your money grow.

Budgeting can make it seem like you have more money sometimes because you probably aren’t spending it on as many things that you don’t need, but it doesn’t actually grow your finances.
Budgeting is setting out certain amounts of money for different parts of your life. For example, you get to spend $200 on food each month, and $50 on things you want, etc.

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Given these facts, which state would you expect the price of prostitution services to be higher? Why?

Since the risks associated to prostitution are higher in New Jersey, we could assume that the price for these services will be higher there. The supply curve of prostitution shift to the left, increasing the price and decreasing the quantity.

Which state would have the higher amount of services consumed (adjusted for population differences)? Why? What are the underlying economic issues of this market?

Since the price is higher in New Jersey, the quantity demanded will be lower. Also, the risks associated to consuming the service will shift the demand curve to the left, reducing the quantity.

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Answer:

(1). Increament in GDP.

(2). Decrease In marginal product.

(3). POSITIVE marginal Product (MP).

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"If data links connecting different parts of the united states were to fail, gdp would fall. if, on the other hand, the network of state-of-the-art, high-speed connections were doubled in size" what will happen are given below;

=> There will be an increase in the Gross Domestic Product (GDP).

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=> The marginal Product (MP) will be POSITIVE.

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True because in the case if the the company is producing single product then the method is simple. If the company is making number of products we have to assume a sales mix to calculate breakeven point. Reaching breakeven point is not easy in multi products case. To calculate breakeven point we have to calculate weighted average contribution per unit to put the values in the following formula:

Breakeven point (units) = Fixed cost/ weighted average cost per unit

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