Take the following information as given for a small, imaginary economy: • When income is $10,000, consumption spending is $6,500.
• When income is $11,000, consumption spending is $7,250.

The multiplier for this economy is
a. 7.00.
b. 2.85.
c. 1.53.
d. 4.00

Which is not following is not considered a debit? a) online billing payment b) check cashed c) atm withdraws d) interest earned

20. sinclair company's single product has a selling price of $25 per unit. last year the company reported a profit of $20,000 and variable expenses totaling $180,000. the product has a 40% contribution margin ratio. because of competition, sinclair company will be forced in the current year to reduce its selling price by $2 per unit. how many units must be sold in the current year to earn the same profit as was earned last year? a. 15,000 units b. 12,000 units c. 16,500 units d. 12,960 units

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