Answer:
a)J = 450,000 +(20% * C)
b)C =250000+ (50%*J )
c)J = 450000 + {20%* [250000+(50%*J)}
Explanation:
a)J = 450,000 +(20% * C)
This represent the total cost of Janitorial Department due to the fact that 450000 is a direct cost of janitorial department plus 20% of total cost of Cafeteria department allocated to Janitorial department.
b)C =250,000+ (50%*J )
This represent the total cost of cafeteria Department due to the fact that 250,000 is a direct cost of cafeteria department plus 50% of total cost of Janitorial department allocated to cafeteria department.
c)
Substituting the value of C determined in part b in part a
J = 450,000 + {20%* [250,000+(50%*J)}
Therefore in place of C in equation 1 ,the value of c determined in equation 2 is thereby substituted .
Answer:
high savings rate
Explanation:
High savings rate is not a goal of federal economic policy. The goal of federal economic policy is to achieve full employment, economic growth and stable prices.
However 'high savings rate' is achieved when interest rates are increased in order to fight inflation and achieve 'stable prices' because people keep their money in the banks to take advantage of the benefit of earning interest BUT this is not always the case because 'higher interest rates' works against full employment by making it too costly for firms to borrow for investments which will definitely create jobs.
