Question

1. Total expenditures (or total revenue) is found by multiplying the __________________ of a product by the __________________ __________________ for any point along the __________________ curve.

Answer 1

Answer:

The correct answer is: price,quantiy demanded, demand.

Explanation:

When examining the financial situation of a person or a couple, it is important to understand what an expense is. Financial planners use total expenses in performing calculations to determine the net worth and amount of discretionary cash flow that their clients have. This is important in determining savings and investment opportunities. The first step in any personal financial analysis is to find out the total income and expenses of an individual or a couple.

The sum of all your individual expenses are your total expenses. Usually, a financial planner or an individual will create a personal income statement for a year-round client, but a monthly statement is common as well. The planner lists all the individual expenses separately and then adds them together to get his total annual expenses. This is useful compared to previous years' expenses to see how they have changed over time. It is also beneficial to compare total expenses to total income.