Given:
Change in exports: 15 billion
MPC = 0.75
MPC = Change in Consumption / Change in Disposable income
MPS stands for Marginal Propensity to Consume while MPS stands for Marginal Propensity to Save.
MPC + MPS = 1
MPC = 1 - MPS
MPS = 1 - MPC
Spending Multiplier = 1/MPS
Since MPC = 0.75 then MPS = 0.25
Spending Multiplier = 1/0.25 = 4
Change in Export * Spending Multiplier
15 billion * 4 = 60 billion
The cumulative Korean spending will drop by 60 billion.
"The use of a buyer's agent guarantees that the buyer will get a property for the lowest price possible" is NOT an advantage of buyer's agency.
It is true that the efforts that a buyer's agent exerts on behalf of the buyer cannot be compromised and that the buyers can freely communicate confidential information without fear that disclosing that information will weaken their negotiating position. The buyers will also have the benefit of a licensee's expertise in finding the right property, negotiating the purchase and attending to closing details.
However, using a buyer's agent won't guarantee that the buyer can get the best deal on a property; as a result, this is not one of the advantages of buyer's agency. The agent would only consider what is best for the buyer and not the cheapest.
Agents will also charge extra fees and commissions for representing their buyers. To avoid additional expenses, some buyers and sellers choose not to use an agent. In order to save more money and find a property for the lowest price, buyers should avoid using an agent and instead deal directly with the seller.
Learn what happens when there's no buyer agency agreement in place here: brainly.com/question/28066390
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When there is an increase in education and training of the workforce then it leads to a rise in production function in aggregate.
Option B is the correct answer.
<h3>What is the workforce?</h3>
The workforce is referred to the individuals who are being employed in an occupation. It is also known as the labor force or workers or employees.
When the workforce is educated and provided training in the respective areas of their interest fields, then it develops their personality and makes them skilled workers. This results in increasing the production in aggregate for the company in which they are working.
Therefore, the production function aggregately rises due to the increase in the education and training of the workers.
Learn more about the production function in the related link:
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Answer:
A) total cost = (200 labor hours x $20) + (500 units of raw materials x $8) + $4,000 cost of capital = $12,000
average total cost per unit = $12,000 / 2,000 units = $6 per unit
B) new total cost = (100 labor hours x $20) + (500 units of raw materials x $8) + $4,000 cost of capital = $2,000 + $4,000 + $4,000 = $10,000
average total cost per unit = $10,000 / 3,000 units = $3.33 per unit
C) When process innovation occurs, total productivity and efficiency increase, decreasing the average cost per unit. In this case the total cos decrease, but even if total costs do not decrease, higher efficiency and productivity can be achieved by production more units at the same total costs. Process innovations, usually related to new technologies, are responsible for the greatest increases in productivity and efficiency which result in higher economic output and growth.
Answer:
Budgeted direct labor cost= $10,150
Explanation:
Giving the following information:
Production:
March= 1,400 units
April= 1,500 units
Each nightstand requires 0.25 direct labor hours in its production. Direct labor rate of $ 14.00 per direct labor hour.
To calculate the production budget cost for direct labor, we need to use the following formula:
Direct labor cost= total direct labor hours*direct labor rate
<u>March:</u>
Direct labor hours= 0.25*1,400= 350 hours
<u>April:</u>
Direct labor hours= 0.25*1,500= 375 hours
Budgeted direct labor cost= (350 + 375)*14= $10,150
