If an application asks you to indicate a salary range, you should*write "open" or "negotiable"
*write your dream salary
leave it blank
o
write the lowest salary you would agree to

Answer:

3. Marginal Propensity to Consume is four-fifths

Explanation:

Step One: Check the Information Provided

Carol's Disposable Income = $1,200 increased to $1,700

Carol's Savings = $200 increased to $300

Since we are given information on Carol's income and savings, the first thing to do is calculate her Marginal Propensity to Save. If we were given Carol's consumption, we should have calcated the Marginal Propensity to Consume.

Step Two: Calculate the Marginal Propensity to Save and Check the Answers

Marginal Propensity to Save or MPS= Change in Savings÷ Change in Disposable income

Change in Savings= $300-$200 = $100

Change in Income= $1,700 - $1,200= $500

MPS= $100/$500 = One-fifths

Checking the answer, the Marginal Propensity to Save at One-fifths is not part of the options.

Step Three: Calculate thh Marginal Propensity to Consume from the Marginal Propensity to Save

The formula for Marginal Propensity to Consume can either be

Change in Consumption/Change in Income

or

1-Marginal Propensity to Save

Since we have the Marginal Propensity to save (MPS) then

Marginal Propensity to Consume or MPC = 1-1/5

=4/5 or four-fifths

This is option 3.

Answer:

Option 3: consume is four-fifths.

Explanation:

When Carol's disposable income was $1200 she saved $200

Therefore, (200/1200) x 100% = 16.6%

When it increased to %1700 savings also increased to %300,

So (300/1700) x 100 = 17.8%

Carol was able to save 16.6% to 17.8% which makes her marginal propensity to consume four-fifths.

This makes Option 3 the appropriate answer.

Answer:

The answer is D. first-dollar insurance coverage.

Explanation:

First dollar insurance coverage is a kind of insurance policy that has no deductible or copay, where  the insurance company starts covering costs on the first dollar claimed, and in which the insurer assumes payment the moment an insurable event happens.

While there is no deductible, the amount that the insurer will pay out is often lower when compared with similar plans which have a deductible, or the premiums for the first dollar plan will be higher.

When a business earns more money than it spends, the entrepreneur is paid from the profit. Hence option D is correct.

Profit is the positive difference between a business's total revenue and its total expenses, including the cost of goods sold, operating expenses, and taxes. It represents the financial reward for the entrepreneur's efforts in successfully managing and running the business.

This surplus amount can be used to compensate the entrepreneur for their investment of time, expertise, and capital, as well as reinvest in the business's growth and expansion.

It is a key indicator of a business's financial health and sustainability, allowing the entrepreneur to reap the rewards of their hard work and strategic decisions.

Therefore option D is correct.

Learn more about profit here

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The CORRECT answer would be "B"

"This process of increasing the amount of capital per worker, called capital deepening, is one of the most important sources of growth in modern economies." (econ gradpoint 2019)

Answer:

A certain production possibilities frontier shows production possibilities for two goods, jewelry and clothing. The following concepts can not be illustrated by this concept:

• the flow of dollars between sellers of jewelry and clothing and buyers of jewelry and clothing.

Explanation:

• A Production Possibilities Frontier also known as the Production Possibility Curve or Transformation Curve. This curve illustrates a country or a business is utilizing its resources effectively by showing the point at which that country or business is producing its products efficiently.
• This curve is unable to tell you the flow of dollars between the seller and buyers of goods of a business or a country.
• It only tells us about the production of goods not the flow of cash.

Answer: The answer is inflation

Explanation:

Production possibility curve is the locus of points showing the various combination of two commodities that can be produced using the available resources and the available technology. The production possibility curve is a analytical tool which explained the problem of making a choice and opportunity cost., it is used to explain that the cost of producing a particular commodity is the amount of another commodity that must be sacrificed. The production possibility curve can be used to explain the following economic concept

Opportunity cost : This is cost of sacrificing one commodity for the other.This is the alternative forgone in order to produce that commodity.

Full employment : The point on the curve is used to indicate when the country is having full employment or when the country is having an efficient use of resources

Unemployment : The point inside the curve is used to indicate when the country is having unemployment or when such a country is having inefficient use of resources.

Economic growth : The outward shift of the curve indicate that the country is having economic growth, it is used to show when there is an increase in output per head in an economy.

Investment : The production possibility curve is also used to explain when there is increase in investment in the country, in the sense that, investment occurs when more capital goods and fewer consumer goods are produced.

However, The production possibility curve cannot be used to explain the concept of inflation in an economy of a country. In the sense that, in the period of inflation the taste and desires of consumers are not correctly influenced by the prices of goods and services, during inflation less of goods and services are purchased by consumers because inflation reduced their purchasing power.