I interviewed a successful salon owner, and this is what determine her success according to her :
- Persevere , do not give up if somehow something doesn't go how you want it to be
- Care about your customer, and your business should live to fulfill what they need from you
hope this helps<span />
Answer:
Since the multiplier is now higher than before, this change in MPS will therefore make the real gross domestic product (GDP) to increase.
Explanation:
Old marginal propensity to save = 0.25
Old marginal propensity to consume = 1 - 0.25 = 0.75
Old multiplier = 1 / Old marginal propensity to save = 1 / 0.25 = 4
New marginal propensity to save = 0.20
New marginal propensity to consume = 1 - 0.20 = 0.80
New multiplier = 1 / New marginal propensity to save = 1 / 0.20 = 5
Change in multiplier = New multiplier - Old multiplier = 5 - 4 = 1
Therefore, the decrease in marginal propensity to save (MPS) will increase marginal propensity to consume (MPC) form 0.75 to 0.80 and the multiplier from 4 to 5.
Since the multiplier is now higher than before, this change in MPS will therefore make the real gross domestic product (GDP) to increase.
Answer:
Nominal;nominal;real;the quantity theory.
Explanation:
Most economists believe that real economic variables and nominal economic variables behave independently of each other in the long run.
For example, an increase in the money supply, a nominal variable, will cause the price level, a nominal variable, to increase but will have no long-run effect on the quantity of goods and services the economy can produce, a real variable. The distinction between real variables and nominal variables is known as the quantity theory.
Answer:
$43,064
Explanation:
Sales $220,000 / 22,000 × 20,000
$200,000
Variable costs $77,000 / 22,000 × 20,000
($63,636)
Selling and admin $50,600 / 22,000 × 20,000
($46,000)
Manufacturing cost fixed
($26,400)
Selling and admin fixed
($20,900)
Net income
$43,064
Therefore, budgeted net income will equal $43,064 if 20,000 units are produced and sold.
Answer:
The length of the shorter piece is 11 in
and the longer piece = 17 in
Explanation:
Given:
Total length of the chain = 42 in
When cut in three equal piece the length of each piece = 
= 14 in
Therefore, The length of the first piece = 14 in
Let the length of the shorter piece be 'x' in
Thus,
Length of the longer piece will be = x + 6 in
also,
14 + x + x + 6 = 42 in
or
20 + 2x = 42 in
or
2x = 22 in
or
x = 11 in
Hence,
The length of the shorter piece is 11 in
and the longer piece is 11 + 6 = 17 in
