Answer:
a steering wheel in an automobile.
Explanation:
Abba Lerner a twentieth-century economist, is widely known for his suggestion of the utilization of fiscal policy and monetary policy as a form of Keynesian economics. In his analysis, he declared that fiscal and monetary policy is analogous to a steering wheel in an automobile.
Hence, the correct answer to the question is "a steering wheel in an automobile."
Keisha can produce the following combinations of x and y: 100x and 20y, 50x and 30y, or 0x and 40y. The opportunity cost of one unit of y for Keisha is 5 units of X.
In the concept of microeconomics, the opportunity cost of a particular activity is the cost or benefit that is foregone by engaging in that interest compared to doing another activity. Simply put, once you decide what you're interested in, you give up the option of choosing another option.
What are Opportunity Costs and Instances?
Opportunity cost is the time you spend reading a book versus the money you could spend doing something else. The farmer decided to plant wheat. Occasional charges are for planting exceptional crops or trading sources (land and farm gadgets).
Why Opportunity Cost?
The idea behind opportunity cost is that as an owner of a trading company your resources are always limited. In short, not all opportunities are available due to limited time, money and information. Choosing one always forces you to give up the other.
In the concept of microeconomics, the opportunity cost of a particular activity is the cost or benefit that is foregone by engaging in that interest compared to doing another activity. Simply put, once you decide what interests you, you give up the option of choosing another option.
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Answer:
c. $50,400
Explanation:
The computation of the interest expense is shown below:
= Borrowed amount × rate of interest
= $480,000 × 10.5%
= $50,400
hence, the interest expense is $50,400
Therefore the correct option is c.
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
13%
Explanation:
Given that,
Investment (100% equity) = $700,000
EBIT = $140,000
Tax rate = 35%
Earnings after tax:
= Investment (100% equity) + Earnings before interest and taxes - Tax (35%)
= $700,000 + $140,000 - ($140,000 × 0.35)
= $840,000 - $49,000
= $91,000
ROE = Earnings after tax ÷ Investment
= $91,000 ÷ $700,000
= 13%
Answer:
Cartel
Explanation:
A cartel is an association of large businesses that formally agree to work together to protect their interests. Cartels regulate supply to the markets and manipulate prices. Once formed, the cartel behaves as a single entity. Its objective is to maximize profits for each member.
The three organizations have come together and allocated themselves to regional markets. Each business will have full control of the market in its designated area. To maximize profits, cartel agree to
- set high prices
- restricts market supply
- breakdown market into territories or regions