The option that best describes the nature of the cause and effect in the context of the business cycle is A. Each effect has other effects.
All markets economies go through periods when consumption-spending on goods and services rises. Consumers buy more, companies invest more, and production, income, profit and employment increase. These periods are always followed by periods when investment and spending fall, and unemployment rises. This is the business cycle.
The correct statement is that the function that represents the total amount Mario will save over such number of years is . So, the correct option is B.
Savings are such amounts which are accumulated by a person by making recurring or lump sum contributions into investment instruments offering a fixed and secured rate of returns.
<h3>Calculation of savings and investments </h3>
The formula for calculation of savings can be done by way of calculation of interests that Mario earns over his investing of $1500 in the savings account every year at 2 percent interest.
This function of savings can be shown by the equation . The calculation of further $50 cash settlements, over which no interests are earned, is represented by .
Now, the summation of these two equations will be the total savings of Mario for the number of years he keeps continuing to invest such amounts. This can be represented by
Hence, the correct option is B that the function that represents the total amount Mario will save over such number of years is .
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Answer:
The correct answer is option B.
Explanation:
The quantity of output produced=3,000 units
The total cost of production is $36,000.
The fixed cost of production is $20,000.
The price of the good is $10.
The variable cost of production will be
=$36,000-$20,000
=$16,000
The total revenue earned is
=$10*3,000
=$30,000
The firm should continue to produce because the revenue is covering the total variable cost.
The information about the demand shows that macaroni is a normal good.
<h3>What is a demand?</h3>
Demand is the amount of goods and services that a buyer wants to buy at a price and a given time.
Since a 10 percent increase in income leads to a 15% decrease in the quantity of macaroni and cheese demanded. Therefore, macaroni is a normal good and the price elasticity of demand is greater than 1.
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