Answer:
Equilibrium Price = 40 ; Equilibrium Quantity = 600
Explanation:
Equilibrium is where : Market Quantity Demanded = Market Quantity Supplied
Market Quantity Demanded = No. of Consumers x Individual Demand Curve
= N x Qi = 100 [10 - 0.1P] = 1000 - 10P
Market Quantity Supplied = Qs [Given]
So, Equilibrium is where :
1000 - 10P = 20 P - 200
1000 + 200 = 20P + 10P
1200 = 30P
P = 1200 / 30 = 40 [Equilibrium Price]
Equilibrium Quantity : Putting Equilibrium price value in Quantity demanded & quantity supplied;
Quantity Demanded = 1000 - 10 (40) = 1000 - 400 = 600
Quantity Supplied = 20 (40) - 200 = 800 - 200 = 600
Answer:
B) The value of the ingredients that go into the home-cooked meal and the value of a five-dollar dinner at Burger Joint .
Explanation:
Opportunity costs can be defined as the cost for choosing one alternative investment or action over another.
If you choose to use the five dollar gift card, you are going to eat for free, although you might not enjoy that meal as much as your delicious home made dinner.
But if you choose to eat a delicious meal at home, you are going to lose the five dollars of the give card and will have to spend a certain amount of money in making the dinner. Those same ingredients could be used to prepare dinner tomorrow. That is your opportunity cost of eating at home.
Answer:
The answer is:
For italy: $35 billion
For Greece: -$40 billion
Explanation:
Injection into the economy = $70 billion.
Government spending multiplier is 1.5.
MPC = $70billion x 1.5
=$105 billion.
Change in Italy's real GDP due to the transfer = $105 billion - $70 billion
= $35 billion.
Greek Government.
Multiplier effect = 1 ÷ (1-MPC)
1 ÷ (1-0.6)
1÷ 0.4
-2.5.
It is negative because it is a reduction in government spending.
Therefore, the final change in real GDP as a result of this decreased spending is
-2.5 x $16 billion
= -$40 billion
Answer:
A. Assuming that employees would understand the content of the PowerPoint slides
Explanation:
One of the most common mistakes that can be made is assuming that the receiver on the other end of the communication chain would understand quite well, what message, you as the sender, is passing across.
In the scenario cited in the question above, the new benefit offerings that have been developed after the overhauling, of which Mike has taken his time to explain in a power point presentation just few months before employees would be required to enroll for the program, must have been misunderstand by the employees. The multiple emails reveals that the employees do not really understand the content, and this comes as a surprised to Mike. We can infer that Mike must have made the mistake of assuming that the employees would understand the content of the PowerPoint slides.
