A key distinction between the Keynesian and neoclassical economists is that Keynesians believe the economy exhibits a <u>flat</u> aggregate supply curve and neoclassicals believe it is <u>vertical</u>.
<h3>Who is John Maynard Keynes?</h3>
John Maynard Keynes was a famous British economist during the Great Depression and he was born on the 5th of June 1883. During the Great Depression, John Maynard Keynes advocated and promoted expansionary actions to encourage economic recovery.
<h3>What is a supply curve?</h3>
A supply curve can be defined as a type of chart that is used to graphically represent the total quantity of goods or services that are supplied to consumers at a given price.
Generally, a key distinction between the Keynesian and neoclassical economists is that Keynesian economists have a believe that the economy exhibits a <u>flat</u> aggregate supply curve while neoclassical economists believe it is <u>vertical</u>.
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Answer:
Moms with school-age children who pack a simple healthy lunch for them.
Explanation:
The small portion size and types of drinks indicates that this is a product Children. But For children products, the marketing strategy will always be targeted to their parents. They do this because children do not have the resources and decision ability to make the purchase by themselves.
From the way this product is descripted,
The target would most likely parents with very little time to cook for their children (probably working moms or dads). So they fast/simple preparation make it really appealing for them.
Answer:
<em>Ted's = 10/15 </em>
<em>= 2/3 = 0.67</em>
<em>Tom's = 6/8 </em>
<em>= 3/4 = 0.75</em>
Explanation:
The <em>opportunity cost </em>of washing a car in each case = No. of cars waxed by each / No. of cars washed by each
Hence, <em>Ted's opportunity cost of washing a car</em> = 10/15
= 2/3 = 0.67
And similarly, <em>Tom's opportunity cost of washing a car</em> = 6/8
= 3/4 = 0.75
<em>Thus, for washing 1 car Ted gives 0.67 portion of waxing of Car and Tom gives 0.75 portion of waxing of Car. </em>
,Answer:
b. $544,500
Explanation:
For computing the required equity down payment on the property, first we need to find out the percentage of acquisition price which is shown below:
= Face amount of loan ÷ Acquisition price
= $975,000 ÷ $1,500,000
= 0.65 or 65%
Now the required equity down payment on the property is
= Acquisition price × (1 - percentage) + up-front financing cost × acquisition price × percentage of acquisition price
= $1,500,000 × (1 - 0.65) + 2% × $1,500,000 × 65%
= $525,000 + $19,500
= $544,500
The 2 points is in percentage form
