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3 years ago

Explain the roles of taxation and government expenditure in the circular flow of income

1 answer:

6 0

The role of taxation in the circular flow of income, is basically to have a medium of revenue for the government, if the government is able to earn money, they are able to spend it on the economy.
So then the role of Government expenditure is to make sure the money goes back into the economy, if the government were to save the money, the economy will have restriction to grow, if all the money the government creates from tax was put back into the economy by spending in say, Heath, Education, Investment, the economy can grow because then household will spend money from their income to utilise these industries.
Hopefully this helps!

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The scrum master is meeting with the team to identify and commit to improvement areas that bring the most value. what formal eve

larisa [96]

The scrum master is meeting with the team to identify and commit to improvement areas that bring the most value. The formal event is this done in a sprint retrospective.

The scrum master enables to facilitate scrum to the larger group by making sure the scrum framework is accompanied. He/she is devoted to the scrum values and practices but must also remain flexible and open to possibilities for the group to improve their workflow.

A Scrum master (Scrum grasp), popularly known as the “servant leader” is a train, motivator, and chief of an Agile crew. The position of a Scrum master is to teach the group Agile techniques and assist crew contributors to comply with Scrum practices religiously.

A Scrum master is a professional who leads a team through the use of Agile assignment control thru the path of an undertaking. A Scrum grasp allows all of the conversation and collaboration between leadership and team players to ensure a successful outcome.

Learn more about scrum master here brainly.com/question/4763588

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6 0

2 years ago

A manufacturing firm is considering two locations for a plant to produce a new product. The two locations have fixed and variabl

o-na [289]

Answer:

Cost Advantage of different locations:

b. $20,000

Phoenix certainly had a cost advantage over Atlanta and based on this factor, it should be chosen for the new plant instead of any other city.

Explanation:

a) Total Costs of different locations:

Atlanta Phoenix

Fixed Cost $80,000 $140,000

Variable cost 400,000 320,000

Total Costs $480,000 $460,000

b) Variable costs

Atlanta Phoenix

Annual Demand 20,000 20,000

Variable cost/unit $20 $16

Total variable cost $400,000 $320,000

c) Cost Advantage is the competitive edge which location (or company) can have over another through reduced production or marketing costs or both so that it can offer cheaper prices or use excess profits to bolster promotion or distribution. In this case, the comparison is on the total cost, which is made of variable and fixed costs.

4 0

3 years ago

Ben is exhausting his money income consuming products A and B in such quantities that MUa/Pa = 6 and MUb/Pb = 4. Ben should purc

yaroslaw [1]

Answer:

Option (a) is correct.

Explanation:

Given the marginal utility per dollar for the two products as follows:

$\frac{MU_{a} }{P_{a} } =6$

$\frac{MU_{b} }{P_{b} } =4$

All the individuals wants to maximize their utility that is obtained from the consumption of goods. We can see that marginal utility per dollar of product A is higher than the marginal utility per dollar of product B which means that this consumer should purchase more quantity of product A and less quantity of product B.

It is going on until the point at which marginal utility per dollar of both the products becomes equal.

6 0

3 years ago

Look at the following picture and think about the organizational structure. Your task is to advise someone on how that organizat

Veseljchak [2.6K]

Answer:

top down management

Explanation:

This organizational structure seen in the picture is a representation of top down management. In this structure, the individual at the top of the hierarchy has the most power and full command. Instructions are passed down the chain of command. For example, the CEO is in charge of the company and gives orders to the Managers (Production and Marketing). These managers follow that order and decide what orders to give the individual's under their supervision in the chain of command. These individuals are represented by the connecting lines in the diagram to the Managers. Once these individuals (Foremen and Sales Officer's) receive their orders, they create and relay their own orders down to the Workers and Salespeople.

4 0

2 years ago

Land, a building and equipment are acquired for a lump sum of $1,000,000. The market values of the land, building and equipment

sergij07 [2.7K]

Answer:

The answer is option (b). $250,000

Explanation:

Step 1: Determine total market value

The expression for the total market value is;

Total market value=land value+building value+equipment value

where;

land value=$300,00

building value=$600,000

equipment value=$300,000

replacing;

Total market value=(300,000+600,000+300,000)=$1,200,000

Total market value=$1,200,000

Step 2: Determine fraction of the total market value that is equipment

Equipment fraction=equipment value/total market value

where;

equipment value=$300,000

total market value=$1,200,000

replacing;

Equipment fraction=300,000/1,200,000=0.25

Step 3: Determine cost assigned to the equipment

Cost assigned to the equipment=equipment fraction×lump sum

where;

equipment fraction=0.25

lump sum=$1,000,000

replacing;

Cost assigned to the equipment=(0.25×1,000,000)=250,000

Cost assigned to the equipment=$250,000

3 0

3 years ago