Answer:
$64,48 billion
Explanation:
marginal propensity ( MPC ) = 0.84 i.e ratio of disposable income to consumption is $1 to 84 cent
YEAR 1 disposable income = $412 billion
year 1 consumption = $368 billion
year 2 disposable income = $540 billion
calculate the level of saving in year 2
from given data
consumption = Co + 0.84 * 412
368 = Co + 346.08
therefore Co = 21.92
therefore for year 2
Consumption = Co + 0.84 * 540
= 21.92 + 453.6 = $475.52
hence savings level = disposable - consumption = 540 - 475.52 = $64,48 billion
<span>The two major factors are the supply of the product and the demand for it. These work together to set an equilibrium price that would be considered the market rate for the item under consideration. Changes and shifts in either of the two factors will cause the market price to change accordingly.</span>
Answer:
The predetermined overhead rate for machine hours is calculated by dividing the estimated manufacturing overhead cost total by the estimated number of machine hours
Explanation:
if the annual budget is based on a production quantity of 10,000 units and the direct labor required for each unit is three hours, the total direct labor is 10,000 x 3 or 30,000 hours. The total overhead expenditure is then divided by the total labor hours to arrive at the overhead rate.
Answer: Option C
Explanation: In a market system, the suppliers are willing to produce those goods that have value to the consumers directly or indirectly. The focus is on maximizing output for achieving the economies of scale so that goods could be sold at a lower price, thus, increasing the sales.
Hence,the suppliers in case of market system use more of capital goods as they produce more output and relatively shortens the cost per piece.
Thus, the correct option is C.
Answer:
The correct answers are numbers (I), (II), (III), and (IV).
Explanation:
Business cycles are the ups and downs of the overall economy. Those fluctuations are caused by "shocks" that are the result of <em>the slow periods coming after irregular innovations, increases or decreases in productivity levels, increase or decrease of money supply, </em>and <em>major political events like war.</em>