What John should do is he should find reliable and relevant information; perhaps look up the information in the Kelley Blue Book.
He can't ask his friend because he may want to buy a different car, so his advice may not be helpful at all. A car dealer may want him to pay more than he should, so that wouldn't be useful either. His net worth will not help him reach his decision on how much he should pay for the particular car. So this Kelley Blue Book, which is used to compare prices for used cars is his best choice.
Answer:
A greater saving will reduce the impact of the multiplier.
Explanation:
A multiplier generally refers to the factor that amplifies or increase the initial change of something else.
In economics, multiplier refers how change in spending or saving results into a larger change in local output and income.
Since addition of marginal propensity to consume (MPC) and marginal propensity to save (MPS) is equal to 1, the formula for calculating a multiplier can be stated as:
Multiplier = 1/(1 - MPC) or 1/MPS
From the question therefore, when MPS = 0.10, we have:
Multiplier = 1/0.10 = 10
When MPS is increases to 0.20, we have:
Multiplier = 1/0.20 = 5
Since 5 is less than 10, a greater saving will therefore reduce the impact of the multiplier.
Answer: True
Explanation: In simple words, operations management refers to the process in which an individual or an entity oversee the activities that are performed with an organisation with the objective of attain highest level of efficiency.
In operational management, the manager makes sure that the raw material would be combined with the labor force in such way that production level could be maximized which further results in hither level of profits.
Hence from the above we can conclude that the given case depicts operational management.
