Julio's marginal rate of substitution equals is: 0.38, which is the price of food divided by the price of clothing.
<h3>Marginal rate of substitution</h3>
Using this formula
Marginal rate of substitution=Price of food/Price of clothing
Let plug in the formula
Marginal rate of substitution=$3 per unit/$8 per unit
Marginal rate of substitution=0.375
Marginal rate of substitution=0.38 (Approximately)
Therefore Julio's marginal rate of substitution equals is: 0.38, which is the price of food divided by the price of clothing.
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Answer:
The correct answer is C, the advertising strategy of a particular company.
Explanation:
Option is about the rate of prices increase in Brazil as whole,hence that involves the households,the businesses and the government, it is a macroeconomic topic
The increase in the national income of the United States over the past three months is also a macroeconomic topic as it involves the activities of the government of US as well as businesses and private individuals.
The unemployment rate focused on the proportion of the able population who are not gainfully employed in the economy as a whole is also a macroeconomic topic
Answer:
April 1 The company issued 9,000 stocks at $11 per stock
- Dr Cash account 99,000
- Cr Common Stock account 99,000
June 15 Cash dividends are declared $1.50 per stock
- Dr Retained Earnings account 103,500
- Cr Dividends Payable account 103,500
July 10 The company paid the dividends
- Dr Dividends Payable account 103.500
- Cr Cash Account 103,500
December 1 The company issued 4,000 stocks at $12 per stock
- Dr Cash account 48,000
- Cr Common Stock account 48,000
December 31 Cash dividends are declared $1.60 per stock
- Dr Retained Earnings account 116,800
- Cr Dividends Payable account 116,800
Answer:
In most cases the deposits have a reserve ratio of 10% but in some cases the ratio is 0% and 3%, both these numbers are lower than 10. This means that in most cases the ratio is 10% and in some cases the ratio is less than 10 % so the real word deposit multiplier will be less than 10.
Explanation:
Answer:
a. -$210,000
b. $455,000
Explanation:
a. Company's net income
Sales. 2,275,000
Less:
Cost of goods sold
1,285,000
Administrative and selling expenses
535,000
Depreciation expense
420,000
EBIT
35,000
Less interest
245,000
Taxable income
-$210,000
Taxes 21%
Nil
Net income
-$210,000
b. The operating cash flow for the year
OCF = EBIT + depreciation - taxes
OCF = 35,000 + 420,000 - 0
OCF = $455,000
c. Net income was negative due to the deductibility of interest expense and depreciation.
The actual operating cash flow was positive due to the fact that depreciation is a non cash expense, and also interest is a financing and not an operating expense.
