Answer:
2.5
Explanation:
Relevant Data provided
Marginal propensity to consume = 0.6
The computation of multiplier is shown below:-
Multiplier = 1 ÷ (1 - Marginal propensity to consume)
= 1 ÷ (1 - 0.6)
= 1 ÷ 0.4
= 2.5
Therefore for computing the multiplier we simply applied the above formula with the help of dividing 1 by marginal propensity to consume and after the result we divide the 1 by the result.
Answer: $1942.89
Explanation:
Since the car will cost $120,000 and it will be financed with a 84 month contract having a nominal rate of 9.20%, then the monthly payment will be:
= PMT(9.2%/12, 84, -120000)
This will be slotted into the Excel calculator and the answer gotten will be $1942.89
Therefore, the monthly payment will be $1942.89.
Answer:
1. $13.5
2. iv. increasing.
Explanation:
1. Average variable cost
Total cost = Average cost × Quantity
= 200 × $15
= $3,000
Variable cost = Total cost - Fixed cost
= $3,000 - $300
= $2,700
So,
Average variable cost = Variable cost ÷ Quantity
= $2,700 ÷ 200
= $13.5
2. The quantity of hamburgers is 250 hamburgers the total curve is increasing.
Note :- we assume 250 hamburgers instead of 25 hamburgers because it is misprint.
Answer:
1. Debit Fixed Asset (Property) $519,000
Credit Cash $519,000
This can be further split into
Dr Building $406,000
Dr Land $113,000
Cr Cash $519,000
2. $50,400
3. $393,200
Explanation:
1. The total cost incurred in the acquisition of the property (Land and building) is $519,000 as shown below
Cost =
= 519,000
This can be split further into the cost for land and cost for building
Cost of Land =
Cost of Building= 
=
2. 
3. Netbook value (NBV) at the end of year 2
In this, John Maynard Keynes economist thought that government should stay out of economic decisions, that the economy should be guided by the forces of supply and demand alone.
<h3>Who was John Maynard Keynes?</h3>
British economist John Maynard Keynes (1883–1946), often considered as the father of contemporary macroeconomics, is the source of the name, theories, and guiding principles of Keynesian economics.
Keynes warned that the harsh terms the Versailles peace deal imposed on Germany to finish World War I would spark a new European conflict in The Economic Consequences of the Peace, published in 1919.
The difference between Keynesians and other economists is their support for activist measures to lessen the amplitude of the business cycle, which they consider to be one of the most pressing issues in the economy.
Therefore, in this, John Maynard Keynes economist thought that government should stay out of economic decisions, that the economy should be guided by the forces of supply and demand alone.
To know more about the John Maynard Keynes, visit:
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