Answer: Option (c) is correct.
Explanation:
Correct option: The demand facing the firm is downward-sloping because it is the market demand.
In a monopoly market conditions, there is a single seller in the market and the monopolist firm is price setter. But the demand curve faced by the monopoly firm is downward sloping because monopolist is a single firm who is operating in the market and there is a need to reduce prices if he wants to sell an additional units.
Answer:
MPC = 0.4
Explanation:
Multiplier shows change in income due to change (increase) in investment, or change (decrease) in tax. It is calculated by Marginal Propensity to Consume, as follows -
Multiplier ie k = Δ Income / Δ (govt investment or tax) = 1 / (1 - MPC)
Given : ΔG ie tax fall = 60 ; Targeted income rise = Full employment - actual output = 2000 - 1900 = 100
k = ΔY / ΔG = 100 / 60 = 1.67
k = 1 / (1 - MPC) → 1 - MPC = 1 / k → 1 - MPC = 1 / 1.67 → 1 - MPC = 0.6
MPC = 1 - 0.6 → MPC = 0.4
Answer:
$0.9
Explanation:
Data provided in the question:
Earnings after taxes = $108,750
Interest expense for the year = $20,000
Preferred dividends paid = $18,750
Common dividends paid = $30,000
Common stock outstanding = 100,000 shares
Now,
Earning available on common stock
= Earnings after taxes - Preferred dividends paid
= $108,750 - $18,750
= $90,000
Therefore,
Earnings per share on the common stock
= Earning available on common stock ÷ Common stock outstanding
= $90,000 ÷ 100,000
= $0.9
Answer:
A career is like a "building block" and a job is like "castle or a tower"
Answer:
B. Fewer workers will be needed.
Explanation:
Elastic demand refers to a flexible demand. It is a demand that can increases or decreases due to several factors. If demand is not elastic, it implies it is constant. An increase or decrease in output or price will not affect the quantity demanded.
An increase in productivity means an increase in output per worker. It is the increase in the number of units produced, per hour, per worker. An increase in productivity results in more output in a given period than previously.
If the demand is constant and there is an increase in productivity, only a few workers will be required. The output from the few workers will be high to meet the constant demand.
