Given:
Change in exports: 15 billion
MPC = 0.75
MPC = Change in Consumption / Change in Disposable income
MPS stands for Marginal Propensity to Consume while MPS stands for Marginal Propensity to Save.
MPC + MPS = 1
MPC = 1 - MPS
MPS = 1 - MPC
Spending Multiplier = 1/MPS
Since MPC = 0.75 then MPS = 0.25
Spending Multiplier = 1/0.25 = 4
Change in Export * Spending Multiplier
15 billion * 4 = 60 billion
The cumulative Korean spending will drop by 60 billion.
Answer:
$11,000
Explanation:
Fabricating Department budgeted direct labor = $9,280
Depreciation remains constant at any level of production.
Budgeted labor rate = Budgeted direct labor ÷ Hours of production
= $9,280 ÷ 640
= $14.5 per hour
Direct labor cost = completed hours of production × Budgeted labor rate
= 600 × $14.5
= $8,700
Budget for the Fabricating Department at 600 hours of production:
Budgeted cost = Direct labor cost + Equipment depreciation
= $8,700 + $2,300
= $11,000
Answer:
C) quantity supplied of those machines will go up.
Explanation:
the options are missing:
A
) quantity demanded for those machines will increase.
B) demand for those machines will shift right.
C) quantity supplied of those machines will go up.
D) quantity supplied of those machines will decrease.
If production costs decrease, the supply curve will shift to the right, increasing the total quantity supplied while decreasing the sales price. Advances in technology increase productivity, which allows companies to supply a higher amount of goods at lower prices, which in turn increases the total quantity demanded for these goods.
Answer:
legal, but unethical
Explanation:
The next time you apply for a mortgage or personal loan, you may be asked if you want to buy credit insurance, or it may already be included in your loan proposal. Credit insurance protects the loan in the event that you cannot make your payments. Credit insurance is generally optional, which means you don't have to buy it from the lender. In fact, the Federal Trade Commission (FTC), the nation's consumer protection agency, says it is against the law for a lender or lender to mislead credit insurance (or other optional products) on your loan without your knowledge or authorization, but only if it is misleading so that insurance can be legally applied which you can later withdraw, that is why it is said to be legal but not ethically correct.
When using the Waterfall Approach, development activities are performed in order, with possibly minor overlap, but with little or no iteration between activities.
Explanation:
There is a seamless execution of software operation with perhaps a slight variation, but little or no repetition. User standards are identified, requirements are described and the whole system is designed, intended and tested at one moment in time for ultimate delivery.
A document-based approach better suited to structures of strongly precedent and reliable requirements.
Sometimes referred known as the great linear and sequential model, the waterfall model is also quite linear and sequential for the activity flow in this model, as its title suggests.
