All categories

3 years ago

At the equilibrium level of income in the Keynesian model, which of the following statements is nottrue?

Business

1 answer:

ZanzabumX [31]3 years ago

7 0

Answer:

c. There are more unemployed resources.

Explanation:

Equilibrium level of income is the level of income where aggregate supply in the economy is consistent with aggregate demand. that is the level of income planned savings is equal to planned expenditure. the equation can be written as S = I. where S = savings and I = investments

At equilibrium income level, aggregate expenditure is equal to aggregate output. The equilibrium equation can be written as Y = C+I+G+X-M where

Y = national income, I = investment expenditure of the firm, G = government expenditure on goods and services, X = export, M = import.

You might be interested in

Match each value with its type.

lozanna [386]

<u>Answer: </u>

The following are the values with their correct matches

Pays medical bills - Liability coverage.

Pays damages to your car - Collision coverage.

Pays damages to the other car - Pays 0% damages to the other car.

<u>Explanation: </u>

Medical expenses are termed as a liability coverage because they certainly cannot be ignored as one cannot choose to risk his health.
The payment done for the repairing of a car damaged due to collision is termed as collision coverage.

One would choose to not spend on the repairing of the other car when one car is in good condition.

7 0

3 years ago

Read 2 more answers

Maurice and Stanley's train store has grown to the point that they need more capital to expand the current location and to open

harina [27]

Answer:

b. sole proprietorship.

Explanation:

A sole proprietorship is a single business entity that is responsible for all profits and losses and may use a sole name or a business name as a private company is known for its flexibility and thus does not need to take large loans from the government.

Have an advantage of less administrative paperwork and record-keeping than a corporation, have less risk of being stolen by investors.

6 0

3 years ago

ABC Company sells its 4G SD memory card for $ 15 per unit. The unit production cost is $ 3 and unit labor cost is $ 5. The packa

Tomtit [17]

Answer:

$93,750

Explanation:

Contribution margin=15-(5+3+3)=4

Fixed Costs=$60,000+$40,000=$100,000

Break even point in units=$100,000/4=25,000

Break even point in $=25,000/(4/15)=$93,750

7 0

3 years ago

Read 2 more answers

Dan would like to save $1,500,000 by the time he retires in 30 years and believes he can earn an annual return of 8%. How much d

Ket [755]

Answer:

$13,241

Explanation:

From the data we were given in the question:

future value = fv = $1,500,000

time = t = 30 year

rate = r = 8%

We are required to find out How much does he need to invest to achieve his goal

solution

future value = principal ( 1+ rate)^(t-1) / rate

1500000 = principal (1 + .08)^(30-1)/ 0.08

we make principal, p, subject of the formula.

principal = 1500000 / ( (1 + .08)^(30-1)/ 0.08 )

Principal = 1,500,000 / 113.2832

principal = 13241.15

so Dan needs to invest $13241

6 0

3 years ago

Schickel Inc. regularly uses material B39U and currently has in stock 460 liters of the material for which it paid $3,128 severa

stira [4]

Answer:

D. $4,902

Explanation:

Schickel Inc.

RELEVANT COST can be defined as the cost that are often said to be incurred only when making specific and important business decisions because this relevant cost is used to determine whether to sell or keep a business which is why relevant cost concept is useful for eliminating some information from a particular decision-making process.

Relevant cost=

New stocks of the material purchased for $6.45 per liter.

Relevant cost of 760 liters of the material to be used.

Hence;

= $6.45 per liter ×760 liters = $4,902

Therefore the relevant cost of the 760 liters of material B39U is $4,902

6 0

3 years ago