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Talja [164]
3 years ago
10

Suppose you have the following disposable income and consumption data for an economy, as shown in the table below.

Business
1 answer:
forsale [732]3 years ago
8 0

Answer:

Consumption is a key component in the calculation of GDP and refers to how much money out of disposable income is spent by households on goods (both durable and non-durable) and services.

Disposable income is how much money households have after taxes. Their consumption and spending come from here.

Whatever is not spent is saved. Savings are therefore calculated as;

Savings = Disposable income - Consumption

Savings for the above are therefore,

$20,000 - $22,000 = -$2,000

21,000 - 22,500 = -$1,500

22,000 - 23,000 = -$1,000

23,000 - 23,500 = -$500

24,000 - 24,000 = $0

25,000 - 24,500 = $500

26,000 - 25,000 = $1,000

27,000 - 25,500 = $1,500

28,000 - 26,000 = $2,000

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The new manufacturing plant of BMW vehicles will be engaged in the process of mass production.        

<h3>What is mass production?</h3>

The process of production, wherein a large proportion of goods or inventories are produced by a business organization to reduce the costs of production, is known as mass production.

Hence, option B states about mass production. Complete question has been added in the image for reference.

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5 0
2 years ago
Use the following information to determine this company's cash flows from financing activities.a. Net income was $466,000. b. Is
Leni [432]

Answer:

The answer is ($174,000)

Explanation:

Cash flows from financing activities show the inflow and outflow of cash that are used to fund the business's operations.

Cash flow from financing activities:

Issuance of common stock......................................$79,000

Payment of dividend........($13,000)

Settlement of notes payable.................................($125,000)

Payment for treasury stock.........…...........................................($115,000)

Net cash from financing activities...............................($174,000)

5 0
3 years ago
The greater the discrepancy between a consumer's needy state and the desired state, the greater
alexira [117]

Answer:

The greater the discrepancy between a consumer's needy state and the desired state, the greater <u>the consumer's need recognition will be.</u>

Explanation:

As there is a greater discrepancy between the two states,  there would be  stronger drive to satisfy the need

6 0
4 years ago
Marjorie's Mugs sold 300 mugs last year for $20 each. Variable costs were $7 per mug and total fixed costs were $1,700. Marjorie
Anvisha [2.4K]

The total profit Marjorie's mugs are  = $2200

<h3>What is Variable cost?</h3>

Variable costs are expenses that alter as the volume of a good or service a company produces fluctuates. Marginal costs multiplied by the number of units produced make up variable costs. They can be regarded as typical expenses as well. Total cost is divided into two parts: fixed costs and variable costs.

<h3>What is fixed cost?</h3>

Fixed costs, also known as indirect costs or overhead costs, are expenses incurred by a firm that are independent of the volume of goods or services the business produces. They typically have a periodic nature, such monthly rent or interest payments. These expenses frequently also involve capital costs.

<h3>According to the given information:</h3>

Total mugs sold  = 300

mugs sold at = 20

variable cost = 7

total fixed cost = 1700

find the profit:

profit  = (300*(20-7) - 1,700)

         = $2,200

The total profit Marjorie's mugs are  = 2200

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7 0
2 years ago
Why would expanding the nation's communications network be considered an increase in wealth, while improving the education of it
Alla [95]
First of all because of the writable assets. Communication network can be considered as a infrastructure
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8 0
3 years ago
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