in this case, identical changes in autonomous consumption and autonomous government spending: <span> have different effects on equilibrium income
When a factor is implemented and have two different reaction, it is safe to assume that that factor have two different effects.
For example, an increasing interest in technology(autonomous consumption) may increased the investment for tech products. The government spending may not give as much influence in this context because it wont affect the transaction between the customers and the producer
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Answer:
V = $1,400,000 - $130,000t
Explanation:
Data provided in the question:
Cost of the new building = $1,400,000
Useful life = 10 years
Scrap value = $100,000
Now,
using the straight line method
Annual depreciation = [ Cost - Scrap value ] ÷ Useful life
= [$1,400,000 - $100,000 ] ÷ 10
= $130,000
Value of building = Cost of the building - Depreciation for 10 years
V = $1,400,000 - [ Annual depreciation × Time ]
V = $1,400,000 - $130,000t
Answer:
Therefore option A is correct.
All firms selling corn must have the same MC regardless of each firms cost structure
Explanation:
In the perfectly competitive market, for profit maximization we set P = MC
In the perfectly competitive market, firms are price taker so demand curve is same for every firm and price is same too, so MC must be same for every firm
Therefore option A is correct ie. all firms selling corn must have the same MC regardless of each firms cost structure.
Answer:
An ideal inventory is difficult to have.
Explanation:
- Inventory is the number of goods and services stored and is accompanied asset and thus management of that asset is a very important aspect of the business.
- If too much inventory is maintained the inventory can lead to liability. If too little inventory is maintained then it leads to shortages of raw material and work in progress.
Demand is said to be<u> Elastic</u> when the quantity demanded is very responsive to changes in price.
<h3>What is Elasticity of Demand?</h3>
Demand responsiveness to changes in other market variables is measured by demand elasticity. The price elasticity of demand, for instance, indicates how much demand will change in response to a change in a product's price.
Both elastic and inelastic demand exists. Demand that is elastic is more responsive to changes in the variables being measured against. Products that are inelastic are less sensitive to the changes being measured.
The slope of the demand curve and price elasticity of demand is directly correlated. The law of demand, which states that consumers will demand a greater quantity of goods at lower prices and a lesser quantity of goods at higher prices, was most likely covered in your very first economics course. The downward sloping of demand curves is explained by the law of demand.
Thus the Law of demand directs the elasticity of demand.
For more information on Elasticity of Demand, refer to the given link:
brainly.com/question/23301086
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