Answer: 0.4
Explanation: MPC, that is, marginal propensity to consume is used to quantify the consumption induced. As we know that, MPC is calculated as follows :-
= 0.4
Answer:
It is more profitable to maintain the price at $10
Explanation:
Giving the following information:
The souvenir sheets cost the postal service $1.15 each. St. Vincent has been selling these souvenir sheets for $10.00 each and ordinarily sells about 61,000 units. To test the market, the postal service recently priced a new souvenir sheet at $11.00 and sales dropped to 51,000 units.
We need to calculate the actual revenue and decide whether it is more convenient to increase the price or leave it as it is.
Actual revenue= 61,000 units* (10 - 1.15)= $539,850
New revenue= 51,000 units*(11 - 1.15)= $502,350
It is more profitable to maintain the price at $10
Answer:
mentor
Explanation:
According to my research on business roles and responsibilities, I can say that based on the information provided within the question the president realizes that you are acting as a mentor to junior employees. This is defined as a person has an expertise in a certain area, and gives advice or trains another individual (usually younger than you). This is what you seem to be doing with the younger employees that gravitate towards you for advice.
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Most of the times when a personnel is sent for an official business trip, transportation and lodging, and sometimes even meals are shouldered by the company.
In the statement given above, it is noted that the meals that Melissa took are considered personal in nature. Hence, she can deduct this from the business expenses.
That is intiative, its basically commiting yourself to doing something and putting everything else behind you
