The process wereby banks make loans equal to amount of their excess recerves and create new checkbook money is known as multiple deposit creation each time a bank recieves a deposit it sets aside some of it to meet reserve requirements and may lend an amount equal to the remaing excess reserves
In economics, marginal cost is the additional expenditure or cost you incur when you buy another more quantity of the product. When Allison bought the <span>1minus−color application, she spent a total of $130.
$35 + $95 = $130
When she upgraded to 3minus-color application, her cost now increased to
$175 + $40 = $215
Now, as mentioned, marginal cost is the additional cost incurred when buying one more quantity of the same product. Therefore, marginal cost = </span>Δcost/Δquantity. Thus,
Marginal Cost = ($215-$130)/(3-1)
Marginal Cost = $42.5
The marginal cost is $42.5 per color application.
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Answer:
Economic policy refers to the actions that governments take in the economic field. It covers the systems for setting interest rates and government budget as well as the labor market, national ownership, and many other areas of government interventions into the economy.
Explanation:
Explanation:
<em><u>Sales promotion</u></em> is a marketing strategy where the product is promoted using short-term attractive initiatives to stimulate its demand and increase its sales. This strategy is usually brought to use in the following cases – To introduce new products, To sell out existing inventories, To attract more customers, and.
