It follows that total budget deficit is $900 billion since the total budget deficit is the sum of the structural deficit and the cyclical deficit. A cyclical deficit exists because of the business cycle while there is a structural deficit when the government’s spending is more than it receives in taxes, regardless of the economic performance. Their total would be the budget deficit.
Answer: 1. $130 2. $225
Explanation:
For price discrimination to be implemented by a monopolist, it is vital that the direct elasticity of demand for the product at a price from different buyers to be significantly different:
in order for the customers to be easily identifiable;
so that further resale of the goods by buyers is not possible.
Check the attached file for the solutions to 1 and 2.
Congress makes a new law concerning the use of personal flight vehicles in public airspace. Which of the following would most likely happen? Congress creates the law along with a federal agency to administer it.
Answer:
$19,500
Explanation:
The complete question is: <em>"Each time the Company hires a new employee, it must wait for some period of time before the employee can meet production standards. New employees are paid $150 per hour. Management is unsure of the learning curve in its operation, but it knows the first job by a new employee takes 40 hours and the second and third job take 32 and 28 hours respectively. Assume all jobs to be equal in size. Assuming that the company uses the incremental learning curve method, the total labor cost for 4 units will be closest to?"</em>
The first job takes 40 hours
The next job takes 32 hours.
So, the total hours for first 2 jobs = 40 hours+ 32 hours = 72 hours
Average hours for first 2 jobs = 72 hours / 2 = 36 hours. Learning curve percentage = 36 hours / 40 hours = 0.9 = 90%
So, the average for 4 jobs (double of 2 jobs) shall be 36*90% = 32.40 hours. Hence, Total hours for 4 jobs = 32.40 hours * 4 = 129.60 hours ≅ 130 hours. So, the total labor cost for 4 jobs = 130 hours * $150 per hours = $19,500
Answer: strategies regarding product, price, place, and promotion.
Explanation:
The marketing mix of a business are those parameters that a business can adjust in order for the business to have the desired sales in a market. The marketing mix can easily be influenced by the business and it involves the; product to be sold, price at which product is sold, location of sales and promotions.