Explanation: Take (t), if white truffles is $100 to sell, as x is the amount of people searching for truffles. you divide 100 by 20, that leaves, 5, x-x2 is x, so the answer would be, x equals 5.
Answer:
a. Compare/Contrast
Explanation:
She would most likely use this organizational pattern because she is writing about employee absenteeism 'before and after" which is comparing and contrasting
Answer:
C. a public good
Explanation:
Oil and gas reserves are the public good
Since , Oil and Gas reserves belongs to the property of the nation and the license to drill them are controlled only by the government .
The oil and gas reserves are both non-excludable and are non- rival.
Excludability means the nature of the use of a goods or services .
Answer:
The Marginal Propsensity to Consume is four-fifths
Explanation:
To answer the question, an indirect approach must be used.
- First, we are given data on disposable income and Savings, it is, therefore, easy to assume that we are to calculate the Propensity to Save.
- The Formula for calculating the Propensity to Save is: Change in Savings /Change in Income.
- Change in Savings: $300-$200= $100
- Change in Income: $1,700-$1,200=$500
- MPS= $100/$500= One-fifth
- But hold on: One-fifths Marginal propensity to save is not part of the options, so we continue:
- If Marginal Propensity to Save is One-Fifths, then based on a formula the Marginal Propensity to Consume is the balance of the Subtraction of One-Fifths from One:
- The Marginal Propensity to Consume is therefore four-fifths.
Note:
- If the data given was increase in consumption instead of savings then we would have directly calculated Marginal Propensity to Consume= Change in Consumption/Change in Income or
Answer:
80%
Explanation:
The capacity utilization rate evaluate the proportion of potential economic output that is actually realized.
To solve for theoretical utilization, we use the following formula as given below;
Theoretical Utilization = {p/(ma)}×100
Where we have our variables as,
p=16
m=4
a=5
Imputing variables into the formula we have
Theoretical utilization = {16÷(4×5)}×100
= {16/20}×100
=0.8×100
=80%
