Answer:
a specialty product
Explanation:
Based on the scenario being described within the question it can be said that For Denise, the chair can be categorized as being a specialty product. This is a product that very specific individuals will seek to purchase due to the product's unique characteristics or the individuals loyalty to a specific brand. Which is the case with Denise, since she is loyal to the brand and wanted a chair only from that specific brand.
Answer:
If MPC is 0.8, Change in GDP = $500 million
If MPC is 0.95, Change in GDP = $2,000 million
Explanation:
<em>Expenditure Multiplier is the amount by which the real GDP will change if autonomous expenditure changes by a given amount.</em>
It is calculated as follows: 1/(1-MPC).
MPC is the portion of additional income that is spent. If the MPC is 0.8, then the expenditure multiplier will be = 1/(1-0.8) = 5
Using the first scenario with an increase in government spending by $100million, the resulting change in GDP would be
Change in GDP = change in autonomous expenditure × Multiplier
= 100 × 5 = $500 million
<em>Scenario 2, MPC of 0.95</em>
Expenditure Multiplier = 1/(1-0.95) = 20
Change in GDP= 100 × 20 = $2000 million
Answer:
Days in Inventory = 63 days
Explanation:
We know,
Days in Inventory = 365 days ÷ Inventory Turnover
Given,
Inventory turnover = Cost of goods sold ÷ Average Inventory
Inventory turnover = 16,936 ÷ [( $2,410 + 3,430) ÷ 2]
Inventory turnover = 16,936 ÷ (5,840 ÷ 2)
Inventory turnover = 16,936 ÷ 2,920
Inventory turnover = 5.8
Putting the values into the formula, we can get
Days in Inventory = 365 days ÷ Inventory Turnover
Days in Inventory = 365 days ÷ 5.8
Days in Inventory = 63 days
For each $5000 she spends on the style the record ascends by one, so the most she can accomplish is an auto with style list of 5. For each $2500 she spends on gas mileage the file ascends by one, so the most she can accomplish is an auto with a gas-mileage file of 10. The slant of her spending line is in this way ½.
