If the marginal propensity to consume is 0.6, then real GDP will increase by $250 billion.
<h3>What will be the real GDP?</h3>
Real GDP is the gross domestic product of a country that has been adjusted for inflation. Gross domestic product is the total value of all the final goods and services that is produced by a country in a particular period.
Marginal propensity to consume is portion of disposable income that is spent on consumption. Marginal propensity to consume can also be described as the amount of real GDP that is spent on consumption. When spending increases, the value of the real GDP would also increase. The increase in real GDP would be as a result of an increase in spending and saving.
Increase in Real GDP = (MPC x increase in spending) + (MPS x increase in spending)
(100 x 0.6) + [(1 - 0.6) x 100 ] = $250 billion
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A market structure in which there is one large firm that has a major share of the market and many smaller firms supplying the remainder of the market is called Dominant firm model.
In the dominant company model, there is one large company operating in the market along with many smaller companies. Big companies have all the power in the market. She determines prices and quantities in line with the goal of maximizing profit. Therefore, the price is set in the market and the rest of the quantity is supplied by other companies.
a) Stackelberg Model - The Stackelberg model is commonly used for the duopoly. I made it clear here that there are many small companies.
b) Twisted Demand Curve Model – This model is found in oligopolistic regions where firms do not seek price competition as it will eventually eat into the profits of the industry as a whole.
d) Cournot Model - In this model, companies select quantities at the same time.
e) Bertrand model - when competition is based on pricing rather than quantity supplied.
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Answer: Place.
Explanation:
The marketing mix are those parameters a marketer can influence to increase sales, the market mix include: promotion, price, product and place. Jeffrey has taken necessary steps to plan for other marketing mix except location (place) his product would be sold.
Answer:
good leadership
Explanation:
The fact that she inspires and not demands is an example of good leadership skills