The type of expenditure gap that's illustrated in Kittyville's economy is a recessionary expenditure.
<h3>What is expenditure gap?</h3>
It should be noted that an expenditure gap is when the demand for goods and services is more than the production.
In order to correct the gap, the economy hired the economist who suggested that there should be an increase in government spending and decrease in taxation.
Also, the change in government spending will be:
= Change in income b× (1 - MPC)
= $200 × (1 - 0.9)
= $20 billion.
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<span>One needs to ensure visual and textual
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Answer:
<em>Ratification by Principal One of the criteria for enactment is that all material truths involved in the transaction must be known to the Principal. Van Stavern was not aware of Hash's behaviour. </em>
He did not realize that somehow the steel is being shipped under his name, and that the shipments were being billed him directly. Unlike liability through obvious authority, approval by the principal is a positive act by which he or she acknowledges the agent's illegal actions.
Just a principal would ratify; thus, Van Stavern was not directly imputed to information by the invoices and checks signed by Van Stavern's workers.
The court stated that the use of corporate checks was further proof that Van Stavern regarded the expenditures as business, not private. So Van Stavern could not be held personally liable.
Remember that on Sutton Steel that's not excessively harsh. Sutton understood it was working with a building company and did not seek to get the personal approval of the contract from Van Stavern.
<em>Lawfully, Sutton's agreement in this case is called an unaccepted offer which can be withdrawn at any time.</em>
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Answer:
= 7.77
≅ 8 kanban cards
Explanation:
K = 
K = Number of kanban card sets
D = Average number of units demanded over some time period
L = Lead time to replenish an order
S = Safety stock expressed as a percentage of demand
C = Container size
where,
D = If the average number of units demanded is 2400 and the time period is 2 hours, then that's 1200 in an hour, 1200 in 60 minutes, 20 in one minute.
L = 40
S = 0.1
C = 120
K = 20 * 40 (1 + 0.1) / 120
K = 7.77
approximately
≅ 8 kanban cards
Answer:
The average # of customers in the line is 4.
Explanation:
arrival rate, x = 82/3600
= 0.023
service rate, y = 1/36
= 0.028
utilisation, p = x/y
= 0.023/0.028
= 0.821
average number of costomers = p^2/[1 - p]
= (0.821)^2/[1 - 0.821]
= 3.75
Therefore, The average # of customers in the line is 4.
