Explain right to be heard with examples

Answers

Answer 1

The right to be heard means that, depending on their age and maturity, children can be involved in decisions and issues that affect them.

What is the right to be heard?The right to be heard (including the participation of children) is a principle of child rights as defined in the United Nations Convention on the Rights of the Child. According to article 12 of the Convention, children have the right to express their views on all matters that affect them, and their views must be given due weight according to their age and maturity. This right applies equally to children's participation in social and political affairs, and to judicial and administrative proceedings. As a general principle, children's right to be heard should be addressed not only as vulnerable individuals with special protection needs, but also as informed decision makers, rights holders and active members of society. It reflects the child's notion of 'agency', The right to a hearing in article 12 is closely related to other articles of the Convention, which together form the so-called 'participation rights' of children and the recognition of children as citizens with rights holders. Emphasis on understanding.

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Related Questions

When an employee of a business gives
secret information to a non-employee,
this is called
A. insider trading
B. trading
C. closed trading

Answers

When an employee of a business gives secret information to a non-employee, this is called insider trading .Thus, option (A) insider trading is the correct option

Insider trading refers to the illegal practice of using non-public information to gain an unfair advantage in the stock market. In this case, if an employee of a business gives secret information to a non-employee, they would be engaging in insider trading as they are using insider knowledge to potentially profit in the stock market.

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The following labor standards have been established for product of
16 hours 12.75 per hour
The following data pertain to operations concerning the product for the last month:
Actual hours worked 6,600 hours
Actual total labor cost $131,340
Actual output 1,600 units
1. What is the labor rate variance for the month?
2. What is the labor efficiency varaiance for the month?

Answers

Answer and Explanation:

The computation is shown below:

a. The labor rate variance is

= actual labor cost - (standard rate × actual hours)

= ($131,340)  - ($12.75 × 6,600 hours)

= $47,190 unfavorable

b. The labor efficency variance is

= (actual hours - standard hours) × standard rate

= (6,600 - (1,600 × 16) × $12.75

= $242,250 favorable

In this way it can be calculated and the same is to be considered and relevant

The difference between a​ business's revenues and its expenses is known as its​ _______.

Answers

Answer:

Net income,

also known as the bottom line, is revenues minus expenses. There is a profit when revenues exceed expenses.

Garcia Company has 10,500 units of its product that were produced last year at a total cost of $157,500. The units were damaged in a rainstorm because the warehouse where they were stored developed a leak in the roof. Garcia can sell the units as is for $2 each or it can repair the units at a total cost of $18,500 and then sell them for $6 each. Calculate the incremental net income if the units are repaired

Answers

157,500-10,500x6 calculate that up

The following data are taken from the management accounting reports of Dancer Co.:

Div. A Div. B Div. C
Income from operations $1,800,000 $1,350,000 $1,350,000
Total service department charges 1,700,000 1,050,000 1,100,000

If an incentive bonus is paid to the manager who achieved the highest income from operations before service department charges, it follows that: _________

Answers

Answer:

Dancer Co.

If an incentive bonus is paid to the manager who achieved the highest income from operations before service department charges, it follows that: _________

Division A's manager will be rewarded, whereas the manager did not achieve the best results.

Explanation:

a) Data and Calculations:

                                                           Div. A             Div. B           Div. C

Income from operations               $1,800,000  $1,350,000  $1,350,000

Total service department charges 1,700,000    1,050,000     1,100,000

Departmental net income               $100,000    $300,000    $250,000

b) The incentive bonus is based on a performance reporting line that is above the bottom-line.  It is the bottom-line figure that affects the company.  The performance of a division should not be judged solely on a line above the bottom-line.  The departmental charges are allocated costs for services consumed during a financial period.  They must be taken into account before deciding on an incentive bonus.

The negative side of miscommunicating​

Answers

Answer:

       Miscommunication has many downsides but one of the most important ones to remember is misunderstanding. Not communicating well with the other side would mean that they do not fully understand or grasp what you are trying to say, which can lead to future arguments, upset and negative feelings, or hurt feelings.

Explanation:

There ya go! Hope this helps

Answer:

A lack of knowing leads to negativity. When people don't have the information or knowledge they feel they need, low productivity results. ...

Employee mistrust, absenteeism and low morale. ...

Bad interpersonal relationships. ...

The “Grapevine Effect”

Failure to communicate in even the smallest of ways can lead to huge delays in project deadlines, tense business relationships and lost profits. Being able to adequately understand, avoid and remedy miscommunications in a business setting could save a business from all these headaches.

Explanation:

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The MAIN purpose of a frequency distribution is to ___________. a. plan a statistical project and assign tasks to workers, b. organize raw data, c. provide a graphical illustration of date relations, d. identify changing trends over time

Answers

FREQUENCY DISTRIBUTION

The main purpose of a frequency distribution is to organize raw data (b).

A frequency distribution is a tabular summary of data that shows the frequency, or number of occurrences, of different values within a dataset. It is used to organize and analyze large amounts of data in a clear and concise manner.

For example, if you were conducting a survey to gather data on the number of hours that people work per week, you could use a frequency distribution to organize the data and see how many people work different ranges of hours (e.g., 0-10 hours, 11-20 hours, 21-30 hours, etc.).

Option a, planning a statistical project and assigning tasks to workers, is not the main purpose of a frequency distribution.

Option c, providing a graphical illustration of data relations, is not an accurate description of a frequency distribution.

Option d, identifying changing trends over time, is not the main purpose of a frequency distribution, but it can be used to identify trends if the frequency distribution is created for different time periods.

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he Fine Crate Company owns several machines which cut wooden planks for building storage pallets, automatically loading the planks into rolling bins for transportation and handling. Each bin holds 200 planks and a machine can cut and load one bin in an hour, which Fine Crate Company uses planks at a rate of 1000 planks an hour. If the Fine Crate Company were to use a kanban loop to control the filling of the rolling bins, attaching one kanban card to each bin, how many cards should be used to govern this production, assuming a policy variable (safety factor) of 20%?

Answers

Answer:

6 cards

Explanation:

N = DT * (1+X) / C

Number of kanbans = [Demand during lead time + Safety stock] / Size of a bin

Number of kanbans = 1000 * 1 * (1 + 0.2) / 200

Number of kanbans = 1000*1*1.2 / 200

Number of kanbans = 6

So therefore, 6 cards should be used to govern this production.

there is a complementarity between passenger and freight transport system. with some exceptions, such as busses and pipelines, most transport modes have developed to handle both freight and passenger traffic. in some cases both a carried in the same vehicle and in some cases the different modes join to deliver a complete service. what are the advantages of joint operations?

Answers

The advantages of the using joint operations in a society includes:

access to new markets and distribution networks.increased capacity.sharing of risks with a partner.access to new knowledge and expertiseaccess to greater resources etc.

What does joint operations means in transportation system?

In transportation, joint operations refers to the coordination and cooperation between multiple transportation providers or agencies in order to provide more efficient and comprehensive service to customers.

This can include sharing of resources, coordinating scheduling and routing, and cooperating on marketing and fare structures. This operations can take many forms, such as partnerships between bus and rail companies, or between public and private transportation providers.

Most important, main goal of the operation is often to provide more seamless and convenient transportation options for customers, and to make more efficient use of resources.

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How to do a conclusion for The Hedge Fund Battle over Herbalife’s Direct Selling Business Model report by recognizing essential lessons from the case study.

Answers

Answer:

The Hedge Fund Battle over Herbalife’s Direct Selling Business Model report provides essential lessons for investors, corporations, and regulators. It is important to recognize that the battle between hedge funds and Herbalife was a complex and multifaceted one. Investors should be aware of the potential risks and rewards associated with investing in a company that is heavily reliant on direct selling. Corporations should consider the potential implications of their business model on the stock market and the potential legal and regulatory issues that may arise. Regulators should be vigilant in monitoring business practices and ensure that they are in compliance with applicable laws and regulations. By recognizing these essential lessons, investors, corporations, and regulators can be better prepared to navigate the complex world of investing.

Explanation:

During the late 70s and early 80s, the U.S. economy faced an inflationary period. The chairman of the Fed at that time, Paul Vocker, pursued a monetary policy to reduce inflation in the long run. The principal method used by the Federal Reserve to change the money supply is through open market operations. (a) Which policy would accomplish the Fed's goal to reduce inflation (buy or sell bonds) in the long run

Answers

Answer: Sell bonds

Explanation:

One reason there could be inflation in an economy is the high supply of money in the economy. With a high supply, people would have more money and so would demand more goods and services which would take the prices of those goods and services up thereby causing demand pull inflation.

If the Fed wants to reduce this inflation, they need to reduce the amount of money in the economy. They will do this by selling bonds to the public who will then pay in cash which the Fed will then take out of circulation thereby leading to a lower money supply and theoretically, less inflation.

dentify (by letter) each of the following characteristics as being an advantage, a disadvantage, or not applicable to the corporate form of business organization. - Separate legal entity C. Taxable entity resulting in additional taxes B. Continuous life - Unlimited liability of owners C. Government regulation - Separation of ownership and management B. Ability to acquire capital B. Ease of transfer of ownership

Answers

Answer:

1. Separate legal entity ⇒ ADVANTAGE

This is an advantage because it means that the owners are not liable for the actions of the company. If the company goes bankrupt for instance, they will not have to pay for it with their own finances.

2. Taxable entity resulting in additional taxes ⇒ DISADVANTAGE

Anything that results in corporations having to pay more taxes is disadvantageous from their point of view.

3. Continuous life ⇒ ADVANTAGE

This is an advantage because it makes accounting for the company easier as well as giving investors more stability in their planning.

4. Unlimited liability of owners ⇒ NOT APPICABLE.

This is not applicable to Corporate ownership but rather to sole proprietorship.

5. Government regulation ⇒ BOTH ADVANTAGE AND DISADVANTAGE

This can be both an advantage and a disadvantage. On the one hand, it can lead to the industry functioning effectively but on the other hand, it could stifle growth with restrictive policies.

6. Separation of ownership and management DISADVANTAGE

This is a disadvantage because it gives rise to the Agency problem where management might try to act in their own best interests instead of that of the owners.

7. Ability to acquire capital ⇒ ADVANTAGE

Corporations are better able to acquire capital which is good because it means that they will be able to invest and embark on more projects.

8. Ease of transfer of ownership ⇒ ADVANTAGE

Owners of corporations especially the public ones, are able to transfer ownership quite easily to others through the sale of shares.

. A researcher plans to ask employees whether they favor, oppose, or are indifferent about a change in the company retirement program. Formulate a hypothesis for a chi-square test and the way the variable would be created.

Answers

Answer:

Hypothesis Testing

Step-by-step explanation:

The null hypothesis may be created as follows:
"
The employees of the company favor the company retirement program."

For testing, the research will most probably use a survey questionnaire. Hence, the survey question for this purpose would be a multiple-option question that would read as follows:

I favor the stated change in the company retirement program.

Strongly Disagree
Disagree
Neutral
Agree
Strongly Agree

A statistical method for assessing the discrepancy between observed and expected data is the Chi-Square test. This test can also be performed to see if our data's categorical variables are related to it.

What are the Fundamentals of Hypothesis Testing?

Hypothesis testing is a method for analyzing and inferring information about a population from a sample of data. It helps in deciding which sample data best support claims about the population that are mutually exclusive.

The null hypothesis (H0), which is the default position, is that the event won't take place. If a null hypothesis is not rejected, it has no impact on the study's findings.

Its sign is H0, which is pronounced H-naught.

The alternative hypothesis (H1 or Ha) is the logical antithesis of the null hypothesis. The alternative hypothesis is accepted once the null hypothesis is rejected. Its identifier is H1.

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gue which profitability ratio would be the deciding factor if investors were going to invest in an agricultural
co-op.?

Answers

Answer: yes

Explanation:

Mary is a second year college stundent and wants to earn extra pocket money . she is good in making hand burgers,so she is considering opening up a hamburger stall on weekends at the local flea market near the compus. after investigating, she found the following: she can rent an exclusive site for R300 a day , payable in cash . this site can be rented for 10 hours per day . the existing major competitor in the flea market is selling hamburgers at R15 each. she reckons she will do well if she can sell better quality double cheese burger at the same price. she further decided to rent a fully equipped trailer , custom made for hamburgers stall with all additional accessories e.g signboards, gas ect. the rent is R460 per day. she would like to generate a salary of R500 per day plus an additional R240 per day for her little siister that would like to help her and also earn a little money. Mary further found that the ingredients of 1 hamburger add up to exactly R5. she also decided to rent a sign to fit above the trailer for R500 per day . Mary would like to know: how many hamburgers must she sell per day to cover her cost? motivate your answer by completing the table

Answers

View the picture attached (I will put the rest of the answer here:








We know that each hamburger costs R5 to make, and Mary would like to sell her double cheeseburgers at the same price as her major competitor, R15 each. Therefore, in order to cover her costs, she needs to sell enough hamburgers to generate R2000 in revenue. Since each hamburger is sold for R15, this means she needs to sell 133.33 hamburgers per day:
R2000 ÷ R15/hamburger = 133.33 hamburgers/day
It is good to note that she needs to sell more hamburgers than her competitors, to generate the same amount of money while having additional costs.

analyze transaction using t-account:
She invested cash of P500,000 and Furniture
and Fixtures of P175,000.

Answers

Effects of transactions:

Dr. Pajanustan invested cash and furniture and fixtures to start the consultancy firm.

The firm purchased a computer, office supplies, accounting software, and equipment, incurring both cash payments and credit.

The firm provided tax services and seminars, earning cash.

The firm paid for staff salaries, rent, utilities, and personal withdrawals by the owner.

The firm made payments on credit purchases and received payments from clients on credit.

The firm incurred expenses for supplies and returned defective furniture.

Copy clear format:

The transaction details are provided in a clear and organized manner.

T-Account:

T-accounts are a visual representation of individual account balances, showing debit and credit entries.

For example, the account for Cash would have debit entries for payments made and credit entries for cash received, resulting in a final cash balance.

Similarly, accounts for accounts payable, accounts receivable, and owner's equity would reflect the changes in their balances due to the transactions.

Journal Entries:

Journal entries are the recording of the transactions in a company's books of accounts, typically in a general journal.

Each transaction would be recorded as a debit to one account and a credit to one or more accounts, depending on the nature of the transaction.

Posting to the Ledger:

Posting to the ledger is the process of transferring the journal entries to the individual accounts in the ledger.

The ledger is where all the account balances are recorded and updated.

The ledger account would be updated with the debit and credit entries from the journal entry, resulting in an updated account balance.

Trial Balance:

A trial balance is a listing of all the accounts and their balances, used to ensure that the total debits equal the total credits.

A trial balance provides assurance that the entries made in the general ledger are mathematically accurate, and can be used to identify errors.

Income Statement:

An income statement, also known as a profit and loss statement, presents the revenues and expenses of a company over a certain period of time, typically one month or one year.

The difference between the revenues and the expenses gives the profit or loss of the company for that period of time.

It is important to note that this information provided is based on the given transactions, and may not reflect the actual process of journal entries, posting to ledger, trial balance, and income statement. Also, to generate a specific financial statement, further classification and adjustments entries would be need it to be done.

1. What is the major objective of the article?
2. What are the theories discussed in the paper and how do they compare?
3. If the author argues supporting/ rejecting a theory, what are his reasons and
how valid are the reasons?
4. How are the conclusions of the articles aligned with the findings of the study?
5. What exactly does the work contribute and relate to the overall topic of your
course?
6. In your opinion, what were the strengths and weakness of the paper?

Answers

Answer:

to define more about noun

1.Critically evaluate how success and failure in practice of basic management functions affect the organization. Support with real local examples.

Answers

Most often, the success and failure of the basic management functions of the organization rest on an effective or ineffective manager, who is in charge of the basic management functions.

How does basic management functions affect the organization?

An organization's effective management entails the ability to plan, organize, lead, and control resources in order to achieve its goals and objectives. When these management functions are carried out successfully, the organization's efficiency, productivity, and overall performance are likely to improve.

As a result, a well-organized organization with a clear chain of command and decision-making process will be able to respond to challenges and opportunities more effectively.

However, when basic management functions are not carried out successfully, it can have a negative impact on the organization. Poor planning can waste resources and lead to missed opportunities, whereas disorganized systems and processes can lead to inefficiencies and confusion.

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If the present value of my investment is S9,000 and the rate of interest is 3⅓% compounded annually, what will the value be after 4 years?​

Answers

The value after 4 years will be $10327.71 with the present value of $9000.

What is compound interest?

Compound interest, often known as interest on interest, is the practice of adding interest to the principal amount of a loan or deposit. It occurs when interest is reinvested rather being paid out, resulting in interest being generated on both the principal amount and any accumulated interest over the next period.

What is the investment?

An asset that is developed with the purpose of enabling money to accumulate is essentially what an investment is. The wealth generated can be used for a variety of objectives, including bridging income gaps, saving for retirement, or carrying out certain particular commitments like loan repayment, tuition payment, or the acquisition of other assets.

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If $3,000 is invested at 7% for 6 months, how much simple interest is earned? a. $105.00, b. &150.50, c. $180.00, d. $210.00
The answer is d. $210 is wrong

Answers

Answer:  A = $3,105.00  I = A - P = $105.00, hence the simple interest is  $105.00.

Simple interest calculation

Given Data

Principal = $3,000

Rate = 7%

Time = 6 months

Equation:

A = P(1 + rt)

Calculation:

First, converting R percent to r a decimal

r = R/100 = 7%/100 = 0.07 per year.

Putting time into years for simplicity,

6 months / 12 months/year = 0.5 years.

Solving our equation:

A = 3000(1 + (0.07 × 0.5)) = 3105

A = $3,105.00

The total amount accrued, principal plus interest, from simple interest on a principal of $3,000.00 at a rate of 7% per year for 0.5 years (6 months) is $3,105.00.

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Write an essay of about 2,000 words in length critically discussing the issues concerning the new IFRS 15 Revenue from Contracts with Customers standard for both - preparers and users of financial information.
For your essay:
• You must utilise the relevant literature to demonstrate your understanding related to revenue recognition accounting standard.
• Your essay must provide a good synthesis as well as critical analysis.
• Wherever possible, demonstrate your point(s) with brief, but relevant examples

Answers

The central principle of IFRS 15 is revenue is recognized when the goods or services are transferred to the consumer at the contract price.

What do you mean by Revenue?

Revenue is the money earned by the organization from business operations.

To write an essay on issues concerning the new IFRS 15 Revenue from Contracts with Customers standard for both - preparers and users of financial information.

1. First think about the topic given.

2. Outline some primary ideas for your essay.

3. Research the topic.

4. Write an introduction to the topic.

5. Start writing the main body by keeping the outline in mind.

6. Write a conclusion.

Therefore, By this method, you can write an essay.

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Please suggest a sampling method to have a sample size of 100 samples from a total of 500 students (in which: 200 Business Administration students, 150 Languages students and 150 IT students). It is required that each member have an equal chance of being selected and that the sample contains enough students from the 3 majors mentioned

Answers

SAMPLING METHOD

One sampling method that could be used to select a sample of 100 students from a total population of 500 students with three different majors (Business Administration, Languages, and IT) is simple random sampling. In simple random sampling, each member of the population has an equal chance of being selected for the sample.

To implement this sampling method, you could follow these steps:

List all 500 students in a table, including their major (Business Administration, Languages, or IT).

Assign a unique number to each student (e.g. 1 to 500).

Use a random number generator or a table of random numbers to select 100 numbers between 1 and 500. These numbers will correspond to the students who are selected for the sample.

Check the list of students to see which students have been selected based on the numbers that were generated. These students will be included in the sample.

This sampling method will ensure that each student has an equal chance of being selected for the sample, and it will also ensure that the sample contains enough students from each major.

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What is the Average property taxes in Elmont, NY? Thoughts on this amount? Do you think it is worth that amount? Why or why not?

Answers

The Average property taxes rate in Elmont, New York is 2.420% which amount to about average property taxes of $12,100 annually. The amount is worth it because it is most likely a uniform rate across the state..

What are property taxes in U.S.?

Millions of homeowners pay property taxes each year. Property taxes are levied by cities, counties, and school districts on properties within their jurisdictions and used to fund services.

Property taxes are calculated based on the property's value. This includes the land as well as the structures on it. Typically, tax assessors will value the property every one to five years and charge the owner of record the appropriate rate based on the taxing authority's standards.

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Premier Company owns 90 percent of the voting shares of Stanton, Inc. Premier reports sales of $480,000 during the current year, and Stanton reports $264,000. Stanton sold inventory costing $28,800 to Premier (upstream) during the year for $57,600. Of this amount, 25 percent is still in ending inventory at year-end. Total receivables on the consolidated balance sheet were $81,800 at the first of the year and $119,100 at year-end. No intra-entity debt existed at the beginning or end of the year. Using the direct method, what is the consolidated amount of cash collected by the business combination from its customers

Answers

Answer:

$649,100

Explanation:

Calculation to determine the consolidated amount of cash collected by the business combination from its customers

Using this formula

Consolidated amount of cash collected=Premier Sales+Stanton Sales-Inventory-(Ending Total receivables- Beginning Total receivables)

Let plug in the formula

Consolidated amount of cash collected=($480,000 + $264,000-$57,600)-($119,100-$81,800)

Consolidated amount of cash collected= $686,400 -$37,300

Consolidated amount of cash collected== $649,100

Therefore the consolidated amount of cash collected by the business combination from its customers is $649,100

Using complete sentences, explain how a business can improve productivity,
and why productivity is so important to businesses?

Answers

There are many ways that a business can improve productivity. Some common strategies include:

Streamlining processes and eliminating unnecessary steps.Investing in technology and automation to reduce the time and effort required for certain tasks.Providing training and development opportunities to employees to improve their skills and efficiency.Setting clear goals and expectations for employees, and providing feedback on their performance.

Productivity is important to businesses because it directly affects the bottom line. When a business is able to produce more goods or services in the same amount of time, it can reduce costs and increase profits. Productivity is also important for staying competitive in the market, as businesses that are able to produce more efficiently are able to offer lower prices to customers. In addition, improving productivity can help businesses to grow and expand, by allowing them to take on more work and increase output.

< Manny signs a variable lease. • He pays $10/square foot. ● His index is 2. His utilities will cost $350. If his index goes up to 2.5 next year, how much will Manny pay in rent? $8/square foot $25/square foot $12.50/square foot $50/square foot ​

Answers

Manny will pay option C. $12.50/square foot in rent.

How do we determine the amount of rent?

A variable lease is a type of lease where the rent is based on a specific index or formula, rather than a fixed amount.

In this scenario, Manny is paying $10/square foot and his index is 2, and the utilities cost $350. If the index goes up to 2.5 next year, Manny's rent will increase.

To calculate the increase in rent, we can use the following formula:

Rent = Base rent + (Index x Utilities)

So, if the index goes up to 2.5, the new rent will be:

Rent = $10/square foot + (2.5 x $350)

Rent = $10/square foot + $875

Therefore, Manny will pay $12.50/square foot in rent if the index goes up to 2.5 next year.

So, the correct answer is $12.50/square foot.

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Melissa is an insurance agent who wants to sell a new insurance policy specially designed for business professionals. Which promotional strategy should she use to promote her product effectively?
A. telemarketing
B. personal selling
C. radio advertisement
D. sales promotion

Answers

Answer: The most effective promotional strategy for Melissa to use in this situation would likely be "B. personal selling."

Explanation: Personal selling involves building a relationship with potential customers and presenting the benefits of a product or service in a face-to-face setting. This is often the most effective way to sell complex or specialized products, such as insurance policies, because it allows Melissa to tailor her pitch to the specific needs and concerns of the business professionals she is targeting.

Telemarketing, radio advertisement, and sales promotion are all different types of promotional strategies that might be less effective in this situation. Telemarketing involves making sales pitches over the phone, which may not be as effective for a complex product like an insurance policy. Radio advertisement and sales promotion are more suitable for mass-market products or for creating awareness about a product, but may not be as effective for persuading business professionals to purchase a specialized insurance policy.

Answer:

i think it b

Explanation:

find one investing concept that you BOTH put into category 3 and do some quick online research to find a

resource that explains the topic better. Both of you should be looking for resources, and then, based on what

you find, write a brief explanation of your new understanding here:

Answers

Fixed interest is a investing concept that usually is very reliable and is not to difficult to orchestrate. Fixed interest is considered by many to be an intellectual persons investing concept.

I hope this answers your question have an excellent day!

Digby's Elite product Dim has an awareness of 72%. Digby's Dim product manager for the Elite segment is determined to have more awareness for Dim than Andrews' Elite product Apple. She knows that the first $1M in promotion generates 22% new awareness, the second million adds 23% more and the third million adds another 5%. She also knows one-third of Dim's existing awareness is lost every year. Assuming that Apple's awareness stays the same next year (77%), out of the promotion budgets below, what is the minimum Digby's Elite product manager should spend in promotion to earn more awareness than Andrews' Apple product

Answers

Answer:

$2 million

Explanation:

The first $1 million will increase awareness to 72% x (1 + 22%) = 87.84%

But 1/3 is lost every year, so awareness will be 87.84% - 72%/3 = 63.84%.

It needs to spend at least $2 million:

Awareness increases to [72% x (1 + 22%) x (1 + 23%)] - 72%/3 = 84.04%

the awareness level will be higher than the 77% threshold.

1. If the consumption function is C = 100 + 0.75Y, I = 300, Tax (T)= 400 and government spending (G) is 600, what will be the equilibrium level of output? Demonstrate your answer with a Keynesian cross diagram. What happens to aggregate output if government spending (G) and Tax (T) rises by 200?

Answers

Answer:

Explanation:

The consumption function C = 100 + 0.75Y represents the relationship between consumption and disposable income, where C is consumption and Y is disposable income. The equation tells us that for every dollar of disposable income, consumers will spend 75 cents on consumption.

The equilibrium level of output is determined by the intersection of the aggregate demand (AD) and aggregate supply (AS) curves. The AD curve can be derived by adding together the planned consumption, planned investment, planned government spending and planned net exports. In this case, we have:

AD = C + I + G + NX = C + 300 + 600

The aggregate demand equation becomes AD = 100 + 0.75Y + 300 + 600

The aggregate supply equation represents the relationship between the quantity of goods and services produced and the price level, assuming a fixed level of technology and input prices. For this problem, we are assuming that aggregate supply is perfectly inelastic, meaning it does not change with price level.

Given that G = 600 and T = 400, disposable income will be Y = T + Tr(Y-T) = 400 + 0.8(Y-400)

Therefore, we have the equations:

AD = 100 + 0.75Y + 300 + 600

Y = 400 + 0.8(Y-400)

We can now solve for Y by substituting the second equation into the first:

100 + 0.75(400 + 0.8(Y-400)) + 300 + 600 = Y

Solving for Y, we find that the equilibrium level of output is Y = 2200.

In a Keynesian cross diagram, this point would be represented by the intersection of the AD and AS curve.

If government spending (G) and Tax (T) rises by 200, the AD curve shifts to the right. This means that the aggregate demand for goods and services is increasing, which causes an increase in the equilibrium output. The new equilibrium output (Y) will be greater than 2200 and can be found by solving for the new AD function. With the new AD function, the new output Y can be found by using the same steps that you have done above.

It's worth noting that in the above scenario, We are assuming that the aggregate supply is perfectly inelastic, this means that the price level is constant, if the aggregate supply is elastic, then an increase in AD will also lead to an increase in price level, this is known as inflation, which will affect the value of Y.

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