hypothetical economy in which households spend 0.5 of each additional dollar they earn and save the remaining 0.5
<h3>What is
hypothetical economy?</h3>
The paper investigates the consequences for a hypothetical economy of a set of government tax and spending policies that are unsustainable in the long run and are recognized as such by private individuals.
Comparative Economic Systems is a sub-category of economics that deals with the comparative study of various economic organization systems such as capitalism, socialism, feudalism, and the mixed economy.
The marginal propensity to consume is calculated by dividing the change in consumption by the change in income.
Each economy operates under its own set of conditions and assumptions. Traditional economies, command economies, mixed economies, and market economies are the four major types of economic systems.
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Matching the type of teams to the best scenarios that portray them will be as follows:
Types of Teams Portraying Scenarios
Traditional work teams <em>C. At Tina's workplace, ...</em>
Flexible work teams <em>A. Sara loves working ...</em>
Self-managed teams <em>B. At Sam's workplace, ...</em>
Lean production teams <em>D. Roy and his team members ...</em>
The characteristics of teams are enumerated below:
- Traditional work teams: individuals have shared processes and goals.
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Flexible work teams: there is greater flexibility in the working pattern.
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Self-managed teams: individuals are focused on their different objectives.
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Lean production teams: make quick decisions that benefit the company.
Thus, various work teams can be instituted, with each type achieving specific purposes.
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Answer: product diversification
Explanation:
Product diversification is when the original market for a product is being expanded. Product diversification is used to boost a brand and also increase sales.
From the question, we are informed that Amazon has decided to enter the college bookstore market and that the goal of "Amazon Campus" is to offer co-branded university-specific web sites that offer textbooks and paraphernalia, such as logo sweaters and baseball hats. This development shows Amazon's relentless pursuit of product diversification.
Answer:
a. Product X = 3.50 years
Product Y = 3.25 years
b. Product Y
Explanation:
The cash flows for the two products as well as the balance at the end of each year is given as follows:
For both products, the payback period is reached between the third and fourth year.
Product X:
Product Y:
Under the payback method, the alternative that presents the shortest payback period should be selected. Therefore, Product Y should be selected.
