Answer:
- The budget deficit will decrease
- The curve it changes is the loanable funds curve
- The loanable funds curve shifts to the right
- The equilibrium interest rate falls
Explanation:
The reduction in transfer payments by Government will cause the budget deficit of the Government to decrease and also the the decrease in the Budget deficit will lead to the availability of loanable funds thereby causing the loanable funds curve to shift to the right.
With the availability of loanable funds the equilibrium interest rate will fall below its usual equilibrium level.and the Government can reduces transfer payments to achieve all of this.
Answer:
B. $3,750
Explanation:
Sophie will need to add up all her costs (tuition, room and board) and then add up all her funding sources (financial aid/money from parents). The difference between these two amounts is what is still owed which she will have to pay from her own savings or loans.
Costs: 11,750+11,500 = 23,250
Funding: 9000+7000+3500= 19,500
$23,250 - $19,500 = $3,750
Answer:
1 buying a bicycle it's a good
2 getting a back message it's a service
3 getting the plumbing fixed in your house it's a service
4 use of a smartphone app it's a service
5 buying a new Ac unit for your house it's a service
6 buying a hamburger it's a good
7 getting your taxes completed by a tax firm it's both
Answer: Differential cost is $5 per unit
Explanation:
Differential cost is the extra cost that the company would incur if they made the product themselves versus if they bought it from an outside supplier.
Differential cost is therefore:
= Cost to produce internally - Cost from supplier
= 23 - 18
= $5
<em>likely</em>
