D. Finding Out What The Taxes Will Be
I would say B, because if you exceed the limit on your credit card, that shows that you would know how to add money onto your account. You cannot use more on your credit card than you already have unless you add more money on.
Answer:
True.
Explanation:
Indirect cost are cost incurred in the production process that cannot be traced directly back to the product, but contributes to the production process in general. For example the salary of wages is not a cost that is directly included in the product itself, but workers are needed to perform tasks and operate the machines that produce the product.
Direct cost are traceable directly to the product and include raw material.
So overhead, facilities and resource opportunity cost are all indirect cost in producing the product.
<h3>LRAS curve is vertical due to the rate of inflation does not impact real GDP
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Explanation:
The long-run aggregate supply curve (LRAS) is vertical because the rate of inflation does not impact real GDP's long-run determinants, which include supplies of labor, capital, and natural resources. It is simply applying the classical dichotomy and monetary neutrality.
The long-run aggregate supply curve at potential GDP is vertical, which is the amount of GDP reached when the economy operates in full employment. It is expected that GDP will always reach this level in the long run as the economy is driven by full employment, as it is a level that is realistic and long-term sustainable.
Answer:
0.8; 0.2; $360; 90%; 10%
Explanation:
Linear equation for consumption is as follows:
C = 40 + 0.8Y
suppose that income (Y) = $400
MPC = 0.8
Marginal propensity to save = 1 - Marginal propensity to consume
MPS = 1 - 0.8
= 0.2
C = 40 + 0.8Y
C = 40 + 0.8 × 400
= $360
Therefore, consumption is $360.
Average propensity to consume (
APC):
= Consumption ÷ Income level
= 360 ÷ 400
= 0.9
= 90%
We know that income is either consumed or saved, therefore,
Y = C + S
$400 = $360 + S
S = $40
Average propensity to save (
APS):
= Savings ÷ Income level
= 40 ÷ 400
= 0.1
= 10%
