Answer:
Explanation:
First,
MARGINAL PROPENSITY TO CONSUME (MPC) is the rate of change of an individual's consumption, with change in his income.
1. What is the MPC when consumption falls from 7 to 6 units, as disposable income changes from 5 to 3 units?
Change in Consumption/ Change in income = (7-6) / (5-3)
MPC = 1/2 = 0.5
2. If personal income is 10 units and personal consumption is 12 units, what is personal savings?
Personal Savings = Personal Income - Personal Consumption
Savings = Income - Consumption
The personal savings is = -2
3. What does the above mean?
The above answer means that the individual is dissaving; either drawing up on former savings or borrowing. It shows he consumed more than this particular income.
As for the other questions, the values or coefficients of all components of the model are needed.
A. Reported as a current liability on the balance sheet
Answer:
B. Fewer workers will be needed.
Explanation:
Elastic demand refers to a flexible demand. It is a demand that can increases or decreases due to several factors. If demand is not elastic, it implies it is constant. An increase or decrease in output or price will not affect the quantity demanded.
An increase in productivity means an increase in output per worker. It is the increase in the number of units produced, per hour, per worker. An increase in productivity results in more output in a given period than previously.
If the demand is constant and there is an increase in productivity, only a few workers will be required. The output from the few workers will be high to meet the constant demand.
Answer:
Cash provided in operating activities is $ 366,000
Explanation:
<u>Cash flow from Operating Activities:</u>
<u></u>
Net profit: $ 239,000
Adjustments:
Add: Depreciation $ 91,600
Less: Gain on sale of equipment <u>$(5,450)</u>
Profit before working capital changes $325,150
Add: Decrease in Account Receivable $37,300
Add: Increase in Accounts Payable $16,650
Less: Decrease in Wages payable <u>$(13,100)</u>
<u>Cash provided in operating activities:</u> <u>$366,000</u>
Answer: a. Under a personal services contract, the contractor’s personnel are subject to the supervision and control that prevails in relationships between the Government and its employees.
Explanation:
A personal service contract operates as though there is an employer-employee relationship between the Government and personnel under the contractor hired for the project.
This means that the contractor's personnel will be subject to the same supervision and controls that the government puts its own employees under.
