Answer:
The correct answer is option d.
Explanation:
The consumption function shows the relationship between income level and consumption. It includes autonomous consumption that does not depends on the income level, marginal propensity to consume, and income level.
The consumption function shifts because of a change in the expectations of the consumers. If consumers expect the minimum wage to decrease in future, the consumption function will shift downwards.
A watermill or water mill is a mill that uses hydropower. It is a structure that uses a water wheel or water turbine to drive a mechanical process such as milling, rolling, or hammering.
Answer:
Possession utility
Explanation:
Form utility involves changing raw materials or putting parts together to make them more useful. It deals with marketing or producing things.
Types of utility:
-Place utility. Having a product where customers can buy it.
-Time utility. Having a product available at a certain time.
-Possession utility involves making it easier for a customer to own a product by offering credit terms, loans, etc.
It is created by transfer of physical possession and ownership of a product to a customer.
-Information utility. Is the communication with the consumer.
Answer:
The gain on retirement = $4,600
Explanation:
The gain or loss on retirement = Carrying Value of the Bonds - Call price of the Bonds
The gain or loss on retirement = $111,100 - $106,500
The gain on retirement = $4,600
Note: Par value will not be taken for the calculation of the above
Answer:
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