Answer:
C
Explanation:
In economics, when the word Marginal is mentioned, it refers to additional, as in one extra unit.
For example when we hear marginal revenue, it means the revenue gotten from selling an additional unit, when we hear or speak of marginal cost, it is the cost of producing or getting one more unit.
Propensity is a tendency, an inclination to do something.
So adding the three words together, marginal propensity to consume will be the tendency or inclination to consume one extra unit as a result of earning extra income.
Hence (MPC) is the fraction of extra income consumed.
I hope the concept is clearer.
Answer:
D) Intra-European Union trade exceeds international trade by the European Union.
Answer:
Today SIPRI estimated that global military expenditure in 2015 was $1676 billion, about 2.3% of the world's total Gross Domestic Product (GDP). Such high levels of spending frequently raise concerns as to the 'opportunity cost' involved in military spending—the potential civilian uses of such resources that are lost.
Explanation:
Hope this helps. Have a nice day!
Answer: 15,625 sweatshirts.
Explanation:
Assume that the number of sweatshirts Trends needs to sell to break even is x
- The cost to produce and promote one sweatshirt is $10
=> The cost to produce and promote 25,000 sweatshirts would be:
$10 x 25,000 = $250,000
- The price of each Sweatshirt at store is $16
=> The revenue Trends generates when selling x sweatshirts is: 16x
- At break even point, the cost to produce and promote 25,000 sweatshirts is equal to the revenue Trends generates when selling x sweatshirts
=> 16x = $250,000
=> x = 250,000 : 16 = 15,625
Conclusion: <em>15,625 sweatshirts need to be sold for Trends to break even.</em>
<span>The Belmont Report is a report which summarizes all the research guidelines and the ethical principles that have to be followed while involving human subjects.
The 3 main principles include respect for persons, justice, and beneficence.
The Respect of persons is a principle where all the people deserve the right to exercise their autonomy. It is a kind of interaction in which an entity is able to make their choice.
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