Answer:
0.7 and 0.3
Explanation:
Data provided in the question
Awarded bonus value = $3,0000
Spending amount on a new living room = $2,100
So by considering the above information , the MPC and MPS is
As we know that
MPC = change in Consumption spending ÷ change in income
= $2,100 ÷ $3,000
= 0.7
And, the
MPC + MPS = 1
0.7 + MPS = 1
So, the MPS is 0.3
<span>Governments have two main mechanisms for controlling the prices or quantities of goods and services exchanged, subsidies and taxes. Subsidies can be used to manipulate supply by rewarding supplies for producing, or not producing a target good. For internal trade, taxes can be used to manipulate demand by raising the cost of goods sufficiently that the potential pool of willing buyers is reduced. For external trade, tariffs offer similar effects.</span>
Answer:
$51.00
Explanation:
Calaulation of Baka Corporation predetermined overhead rate for the year.
Formula for predetermined overhead rate:
Predetermined overhead rate=Estimated overhead÷Estimated direct labor hours
Where,
Estimated overhead= 239,700
Estimated direct labor hours= 4,700
Let plug in the formula
(239,700/4700)
=$51 per direct labor hour
Therefore the predetermined overhead rate for the year was closest to $51 per direct labor hour.
Answer:
Option B. Shift the short-run aggregate supply curve down.
Explanation:
The reason is that the inflation increases the price of the product which results in decrease in the demand of the product and this decrease in the demand of the product due to increasing inflation results in decrease in the supply of the product because the firms have to control the marginal cost of the product to lower the prices and stay in demand. Hence option B is the correct option.
If a code of conduct is to be taken seriously, it must be followed and enforced by the company's owners.
