Answer:
Jamie and Carmen have an Agreement
Explanation:
An Agreement is any statement or contract that is made between two ormore parties.
Answer:
The hospitality industry helps to bring about unemployment reduction, income increase and higher living standards, and economic stability.
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Answer:
decreasing marginal benefit.
Explanation:
A consumer measures the amount of satisfaction gained by consuming a product in making a buying decision.
When a person comes a product his satisfaction increases up to a point, and from that point as consumption increases the satisfaction derived reduces.
Consumption after this point is known as decreasing marginal benefit to the customer.
This affects the customer's willingness to buy more of this product. Patronage of lemonade will reduce as the customer looks for another product to satisfy his needs.
Answer: d.the holders must have acted honestly and observed all reasonable commercial standards of fair dealing.
Explanation:
For an instrument to be negotiable, it should be noted that the UCC requires that such instrument have to be signed by the maker or the drawer.
The UCC requires that HDCs take instruments in good faith. This means that the holders must have acted honestly and observed all reasonable commercial standards of fair dealing.
C = 50 + 0.8Y is the consumption function that is consistent with the provided data. The MPC is determined by subtracting the change in consumption from the change in disposable income, which equals 160/200, or 0.8.
Marginal propensity calculation.
$200 billion less $0 billion equals $200 billion in changes to disposable income.
Consumption change equals $210 minus $50, or $160 billion.
MPC = Change in Consumption/Change in Disposable Income, which equals $160 billion/$200 billion and is equal to 0.8.
There is a 0.8 marginal tendency to consume.
Step 2
This is how consumption function is defined.
C = a + bY
Where,
a = Consumption at zero income level
b = MPC
In given case,
$50 billion would be consumed at a level of income zero.
MPC is 0.8
So,
C = 50 + 0.8Y is the consumption function that matches the provided data.
To learn more about consumption function
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