Answer: B.Marginal cost is the money paid for producing one more unit of a good. Marginal revenue is the money earned from selling one more unit of a good.
Explanation: The money or expenses incurred in the production of a good or service is called cost. Marginal cost simply refers to the cost incurred in producing one more unit of a product or service. Revenue on the other hand refers to the money earned from selling a company's product. Therefore, marginal revenue refers to the amount a producer makes or earns from selling one more unit of a product.
Answer:
1. True
2. True
Explanation:
An expansionary gap, also known as the inflationary gap in economics is used to measure the difference between the gross domestic product (GDP) and the current level of real Gross Domestic Products that exists when a country's economy is guaged at a full employment rate. This eventually causes the price of goods and services to go up with a low income level. Also, an expansionary fiscal policy will cause the total increase in aggregate demand to be greater than the initial increase in aggregate demand due to the multiplier process.
Additionally, this simply means in an inflationary or expansionary condition, the potential Gross Domestic Products (GDP) is lower than the real Gross Domestic Products.
The investment accelerator effect states that there is an increase in investment expenditure when there is increase in the level of income or demand. Thus, the level of investment in a particular economy is based on the rate of change in consumption and the gross domestic product (GDP).
Hence, when the investment accelerator is large, there's likely to be a short-run increase in investment due to expansionary fiscal policy. The expansionary fiscal policy is usually less when the the interest rate sensitivity of investment is large and consequently, leading to a greater decline in investments.
Answer:
The answer is option D) Chandra has Type X personality
Explanation:
Type X personality combines more than one personality type. Chandra clearly demonstrates traits that can only be found when A and B personality types are combined.
She exudes the leadership qualities in type A and the energy and enthusiasm of a type B personality respectively.
However a type X personality is attributed to someone that combines more than one type.
Chandra is a type X personality based on the description of her as someone seeking positions of power and responsibility which helped her move up the ranks rapidly within her organization, a testimonial from colleagues describes her as someone with a tremendous amount of energy and a powerful force for leadership within the organization.
Answer:
$21,420
Explanation:
The total expense in year 1 was $21000
the inflation rate is 2 percent. it means prices will increase by 2 percent.
The amount to be spent in year 2 will be more by 2% than year 1
If year expenses are 100%, year 2 expenses will be 102%
Actual year 2 expense will be 102% of $21,000
=102/100 x $21,000
=1.02 x $21,000
=$21,420