Answer: Please refer to Explanation
Explanation:
The Total Product of Labour curve is constructed by equating the quantity produced to labour. If every additional worker produces an additional unit of output then the Total product of labour curve will have a slope of 1 because every unit of labour leads to an additional unit of output.
Average Product will also be 1 because if each additional worker produces 1 extra then n workers is equal to n output. n divided by n will be one.
The Marginal Product of Labour is simply how much output is produced when an additional worker is added and the question already lists that as 1 so 1 is the answer.
Answer: See explanation
Explanation:
The increase in income for Spendia will be:
= 1 / (1 - MPC)
where MPC = 0.8
= 1 / (1 - 0.8)
= 1 / 0.2
= 5
Increase in income = Gross investment × multiplier
= $100 × 5
= $500 million
The increase in income for Savia will be:
= 1 / (1 - MPC)
where MPC = 0.5
= 1 / (1 - 0.5)
= 1 / 0.5
= 2
Increase in income = Gross investment × multiplier
= $100 × 2
= $200 million
Answer:
Juan Ponce de León was the spanish explorer who discovered Florida.
Answer:
Letter D is correct. It studies how organizations develop human strengths, foster vitality, and unlock potential
Explanation:
Positive Organizational Scholarship is a way for an organization to motivate and stimulate the capabilities of its employees. It is a way of identifying the strengths and weaknesses of each employee and encouraging them to improve their skills and developing new skills that will help them to succeed. joint result of the company.
If a consumer believes that the price of the good will be higher in the future he is more likely to purchase the good now. If the consumer expects that her income will be higher in the future the consumer may buy the good now. In other words positive expectations about future income may encourage present consumption.