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The simple money multiplier if the banks in Ruritania have a required reserve ratio of eight percent will be 12.5.
<h3>What is the significance of money multiplier?</h3>
Money multiplier can be referred to or considered as the total derived after division, finding the reciprocal of the required reserve ratio of an any commercial bank or any financial institution as such. In the above case, the money multiplier will be computed as 1 / 8 × 100 = 12.5.
Therefore, the significance regarding the simple money multiplier has been aforementioned.
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<span>The answer is james watt created an improved steam engine to pump water out of mines
James watt's steam engine design was an improvement from the one that created by Newcomen in 1712.
Due to Watt's deisgn, the machine could almost doubled in productivity and it started to be developed for other industries beside minings</span>
<span>In order to find the number of years until the percentage reaches 37%, subtract 28% (the 1990 value) from 37% to yield 9%, then divide it by the annual growth rate of 0.6%. 9%/0.6% = 15 years. As such, the rate will hit 37% 15 years from 1990, or in 2005.</span>
Answer:
d. charge a stand-by passenger more than $100.
Explanation:
Marginal costs are compared with marginal revenue to determine if addition sale or production of an extra unit is viable. Marginal cost refers to the extra expense associated with an additional unit, while marginal revenue is the gain from the sale of an extra unit. For a business to make profits, marginal revenue should be equal or exceed marginal cost.
For the airline company, the marginal cost of an extra passenger is $100. If the company is to benefits from the many vacant seats, it must sell an extra ticket at a price greater or equal to the marginal cost. The company must sell a ticket to any stand-by passenger for more than $100.