Answer:
$50
Explanation:
For computing the amount which is spent on consumption, first we have to determine the multiplier spending which is shown below:
Multiplier spending = (1) ÷ (1 - MPC)
= (1) ÷ ( 1 - 0.8)
= 1 ÷ 0.2
= 5
And, the government spending is $10
So, the consumption amount spent would be
= 5 ×$10
= $50
Answer:
$21,000
Explanation:
The new bridge would take 30 man hours of labor at $50 per hour, in activity based costing, this means that ,
30*50 = 1500.
Now, it will require 14 piers to support it each time a pier is sunk into the harbor,hence the final calculation will be:
30*50*14 = 21000.
Hope this Helps.
Goodluck.
The best answer is:
C) <span>a choice that must be made due to scarcity.
A tradeoff occurs when you must choose between two or more things, selecting the best option given the constraints. Choosing what to spend your allowance on, for example, is involves a trade-off that you must make due to the scarcity of your allowance money (you don't have unlimited money). D is a tempting answer, but it does not define trade-off as well as C. </span>
