Define the term "marginal revenue." Define marginal propensity to save. Use a maximum of two sentences for your answer. What is the households' marginal propensity to consume (MPC)? A) 0.5 B) 0.67 C) 0.75 D) 0.8 Can marginal propensity to consume be 0?
Define the term restructuring. What is meant by trade based on factor endowments? Define the Exchange rate . Define marginal and total willingness to pay. Define the following term: Entrepreneur. What is meant by the term financial analysis?
We will first introduce another term here, i.e.,Contribution Margin. It is the difference between the sales price per unit and its variable cost per unit. The formula for Contribution Margin is as follows: Contribution Margin = Price Per Unit – Variable Cost Per Unit = $15 – $10 = $...
In How to Hook a Life-time Customer we discuss how to find a long-term value proposition that works for both you and your customer. In 4 Steps to Super-size Your Growth we discuss the value of paring back your non-core customers and products as a stepping stone to growth, and ask th...
A key term in the United Nations Declaration on the Rights of Indigenous Peoples (UNDRIP) is ‘self determination’. It is easy to see how a well managed regulatory bureaucracy subject to routine review with clear pathways to legislative reform can support the objectives of self determination. T...
Define the term "flotation costs". Why should we expect the flotation cost for debt to be significantly lower than those of equity? Debt Vs. Equity In general, there are two different ways to raise capital: debt and equity (common an...
In economics, what does the term market refer to? Define own-price elasticity of demand and explain how it is related to the demand curve. Provide four reasons why the demand for medical services is likely to be inelastic with respect to its price. ...
What the term that is defined as an individual's value for a good or service? What is the part of disposable consumer income not spent on current consumption called? Define marginal and total willingness to pay. What are the trade-offs between the amount of consumption that can be e...
How is game theory applied when competitor advantages take place? In other words, how do you implement game theory into the equation of competition? Give a definition of the term 'Entrepreneur' in your own words and give one example of entrepreneur who impresses you and...
2. Define the "Law of diminishing Marginal utility". Give an example. What is the payback period? An advantage of the NPV rule over the IRR is what? Define or describe the following term: Reserve borrowing capacity. What are the important assumptions made when you calculate the promised ...