Answer:
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The producer will decrease the quantity of bicycle production. In the basic Laws of supply and demand, when price decreases there is an increase of supply. Therefore the decrease of price suggest that there is an increase of supply in the market. Also as the price decreases profitability also decreases.
Answer:
0.75
4
Explanation:
Marginal propensity to consume is the proportion of income that is consumed.
It is assumed that deposable income is either saved or spent.
So if 25% of income is saved, (100% - 25%) 75% is spent.
Spending multiplier = 1 / marginal propensity to save = 1 / 0.25 = 4
Answer:
1. the positively here is you are sure of the money need to run the business even without one doing much as long as taxes are paid and these business sectors under this category are non profit organization but for the betterment of the people
Explanation:
2. no profit is made so no gain, no specifiation on the goods to fit the requirements of the masses and mass production is mostly low quality.
Answer:
$5,300
Explanation:
The computation of maintained balance is shown below:-
Total amount = Opening Balance + Cash Receipts - Cash Disbursement
= $10,600 + $31,400 - $37,300
= $42,000 - $37,300
= $4,700
In order to maintain a balance of $10,000, it needs to borrow = $10,000 - $4,700
= $5,300
Therefore to maintain a balance of $10,000, it needs to borrow $5,300
