Answer:
Increase in income (in percentage)= 5% annual
Explanation:
Giving the following information:
Suppose that you invest $ 1,000 today at an annual rate of 8%. Assuming that the expected annual rate of inflation is 3%.
Your real purchasing power is determined by the increase in the nominal amount of money and the inflation rate. The first one increases purchasing power. The second one decreases it.
Increase in income (in percentage)= 8 - 3= 5% annual
The question "Why would you be a good candidate for Taco Bell?" is found on Taco Bell applications. It may also be asked during an interview for Taco Bell. They are asking why do you think you would be a good worker at their restaurant. A person should always answer truthfully and to the best of your ability. You can say that you are a dedicated employee, will show up for work, work the best you can, have a good work ethic, and above all else are friendly and outgoing.
Answer:
Consumers would not keep buying ice cream at $2.75 because after purchasing a certain amount of ice cream, utility would be maximised and consumers would not value ice cream at $2.75 anymore. Consumers would not purchase a product it the marginal utility that would be derived from consuming the product is less than the price.
According to the law of diminishing marginal utility, as more units of a product is increased, total utility increases but at a decreasing rate.
Explanation:
Marginal utitiy is the increase in utility that is derived from consuming one more unit of a product.
Answer:
A) Country 1's PPF lies further to the right than country 2's PPF.
Explanation:
Production Possibility Curve shows the combination of two goods, that an economy can produce - by utilising given resources & technology best efficiently.
If country 1 produces twice the output of both goods compared to country 2. Then, country 1's PPF would lie further to the right than country 2's PPF. As, more quantities implies rightward shifted PPC, signifying more quantities of goods that can be produced.
Efficient or inefficient production leads to production inside or on PPC, doesn't shift PPC. Population change is also irrelevant in this case.
Answer:
The total debit in the trial balance gives $72400,same as the total credits
The trial balance is prepared just before the preparation of financial statements such statement of profit or loss ,statement of financial position(balance sheet) as well as cash flow statement.
Find attached spreadsheet containing the trial balance prepared.
Explanation:
The trial validates the arithmetical accuracy of postings done in the ledger accounts.
To prepare the trial balance,balances extracted from the ledgers are required.The rule is that assets,expenses and drawings are debited to trial balance why income,capital and liabilities are credited
