Answer: Deductible
Explanation:
Deductible is a specified amount of money an insured individual must pay before an insurance company will pay a claim.
It should be noted that in insurance policy, deductible simply refers to the amount that is paid by the insured before the expenses incurred by the person will be paid by the insurance company.
For example, is there is a $3000 deductible for a particular plan. One has to pay the $3000 first before before the insurance company settles other things.
A mutual fund position that is owned by the individual should be contributed to bring back the position of the advisory firm.
Answer: Option D
<u>Explanation:</u>
Net worth is the value of the firm of all the financial and the non financial assets which the firm owns. The outstanding liabilities of the firm are deducted from the net worth.
Mutual funds have the flexibility where they can manage the cash positions according to themselves. They can be followed by the market speculators and can be used to know the net worth in the market.
Answer: Our group will suggest strategy of Contraction of product mix
<u>Explanation:</u>
Our group will suggest a contraction of the product mix strategy. As per this strategy, we can eliminate one or more product lines or product items from the product mix. This will contract our product mix. The products like medical uniforms and women jeans which are having no sale and are not profitable now can be eliminated.
A company can target the customer for those products which are still in the product mix.
According to the keynesian consumption function, an increase in disposable income will result "an increase in consumption".
<h3>What is
keynesian consumption function/consumption function?</h3>
The consumption function, often known as the Keynesian consumption function, is now a mathematical expression expressing the functional connection between total expenditure and gross domestic product.
Some characteristics of keynesian consumption function are-
- John Maynard Keynes, a British economist, introduced it and said it could be used to monitor and foresee total aggregate consumption spending.
- According to the traditional consumption function, changes in income and consumer spending are entirely correlated. If this were the case, aggregate savings ought to rise proportionately as the GDP does over time.
- The goal is to establish a mathematical link between consumer spending and disposable income, but only at the aggregate level.
- One of the pillars for Keynesian macroeconomic theory is the consistency of either the consumption function, which is based in part upon Keynes' Psychological Law to Consuming and is particularly striking when compared to the volatility of investment.
- The majority of post-Keynesians acknowledge that because spending patterns vary as income increases, so consumption function is just not long-term stable.
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Answer:
The correct answer is the option C: Downward sloping.
Explanation:
To begin with, the concept known as "Economies of Scale" is a vary famously term in the microeconomics theory due to the fact that it refers to the particular situation that a company achieves when their costs are at the lowest possible point in the long run becuase of the great volumen in production that the organization is starting to handle so that means that the more they start to produce the less the amount that the company will have to spend in the costs. Therefore that the curve in the graphic will be downward sloping due to the decrease of the prices in the costs implicating the amount that the company is handling.