Answer:
The country has closed economy; it means there is no other trading relation with, outside countries. Export imports do not affect the economy of the country, and here is no government interference as mentioned in the question. This is a self sufficient country, its demand fulfilled from inside of the country. So its aggregate price levels and interest rate are fixed. MPC or the marginal propensity to consume indicates whether there is an increase in disposable income or increase in consumption. Here consumption increases equal to the increase in the income.
MPC = ΔC /ΔY which is constant here.
The increase in income in this country is mostly permanent and increases in a fix period of time and proportionately.
C= 200 +0.75 YD (YD is disposable income), Y=75, GDP =$900
The economy achieves it’s equilibrium level when supplies meets demand or the GDP is equals to it’s total expenditure. MPC is a fraction between 0 and 1 , MPC means a change in consumption brings the change in YD . here the MPC is equals to MPS which means the change in saving bring by the change in disposable income. All income here saved or consumed. So the change in income equals to the change in consumption or saving.
MPC+ MPS = 1
So the average propensity to consume is proportionate to income which is spend on consumption. APC= C/ YD. And the average proportionate to save is equals to income saved APS= S/YD . so here APC +APS = 1. The increase in production or price leads to the increase in the total value of output, that is the equilibrium condition.
Explanation:
The practice of transferring portions of production and service activities to lower-cost, often overseas locations is known as OUTSOURCING.
Outsourcing: Outsourcing is the process of contracting a third party from outside a business to carry out tasks or produce commodities that were previously done internally by the business's own staff and employees. Companies typically engage in outsourcing as a means of reducing costs.
Benefits of Outsourcing:
1) Lower prices (due to economies of scale or lower labor rates)
2) More effectiveness.
3) Fluctuating capacity
4) Heightened attention to strategy and key skills.
5) Access to knowledge or assets.
6) Improved adaptability to evolving commercial and corporate environments.
7) Shortened time to market.
The practice of transferring portions of production and service activities to lower-cost, often overseas locations is known as OUTSOURCING.
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Answer:
The average inter arrival time is less than the average process time.
Explanation:
Queue model is used to describe the waiting lines through a mathematical equation. It clearly assumes that the inter arrival time that is the time in between any two waiting is less than the average processing time.
And accordingly all the things gets to add more processes, and there is a stage in which all the things are into processes.
And since the interval time is low thus, the key assumption stated in statement 2 is correct.
Answer:
A. Product's price
Explanation:
In this question, we applied the law of demand which shows an inverse relationship between the price and the quantity demanded of a particular commodity. If the price increases, the quantity demanded decreased and if the price decreased, the quantity demanded increased.
In the case of a market demand schedule, it takes the price and quantity demanded the overall market.
In this schedule, X-axis shows the quantity demanded of the product and Y-axis shows the price of the product.
According to the given scenario, the most appropriate option is a. product price as the market demand schedule shows that price and quantity demanded are inversely related to each other.
In buyer income, it considers the income of the buyer to purchase the product And option C is related to the producer point of view plus time period are also the not correct option
The interest on a loan plus the charges and fees is known as the: B. annual percentage rate
<h3>What is annual percentage rate?</h3>
Annual percentage rate can be defined as the interest rate on a loan which includes the charges as well as the fees.
The annual percentage rate help to determine or measure the amount a lender charges the borrower per annual or per year.
Therefore the correct option is B.
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