Answer:
Bundles A B C D
Concert Tickets 80 60 20 0
Books 0 50 150 200
Explanation:
Since each concert ticket costs $25,
- if Sam spends $2,000 on concert tickets, he will purchase 80 tickets
- if he spends $1,500 on concert tickets, he will purchase 60 tickets
- if he spends $500 on concert tickets, he will purchase 20 tickets
Since each concert ticket costs $10,
- if Sam spends $2,000 on books, he will purchase 200 books
- if he spends $1,500 on books, he will purchase 150 books
- if he spends $500 on books, he will purchase 50 books
The formula for the multiplier is 1 / (1 - MPC), whereby MPC represents the marginal propensity to consume. Applying the formula to our case, we get: M (multiplier) = 1/(1-0.8) = 1/0.2 = 5. The multiplier in this economy is therefore 5.
Answer:
Beau's decision to tell somebody about his company's actions is an example of: whistle blowing
Explanation:
Ethics is the study of moral human behavior. Ethical behavior usually varies with different areas. What is considered ethical is always subject to the cultural standards of that particular place. In a company environment, there are ethical standards that are supposed to be met on the part of the company and also individuals working in the company.
One major ethical standard that companies must maintain is environmental protection. This is more prevalent in manufacturing companies that have to release toxic waste to the environment in the form of fumes to the atmosphere or liquid waste to rivers and water bodies. The environment is used by all living beings and therefor it needs to be protected. Ethical standards dictate that industrial waste should be kept below toxic levels before being released into the environment.
It is also ethical for any individual working in a company and has information about unethical practices of a company to publicly expose the company so that they can be held accountable for their actions. This is referred to as whistle blowing. Beau's decision to inform a newspaper reporter about the actions of the company in destroying the environment is an example of whistle blowing. Her decision is a typical example of ethical behavior.
Answer:
Purchase Price Variance (PPV)
Explanation:
Answer: Wages are flexible if the economy is self-regulating.
Explanation:
Classical economists believe that the economy is self-regulating. This means that if the economy is not at equilibrium, it will return to equilibrium if it is left without interference.
For this to happen, inputs such as wages have to flexible to enable them to adjust to market conditions and thus take the Economy back to equilibrium.
For instance, if there is a recession, wages will reduce so that the prices that the producers can charge will reduce as well which will enable supply to match demand and bring the economy back to equilibrium.
