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- Calculate the value of MPC given that:- MPS = 0.55Calculate the value of MPC if the multiplier is given to be as 1.4Construct a consumption function from the data given here and determine the MPC. Given the consumption function in the above question, what is the relationship between disposable income and consumption?
- For the multiplier to be positive what condition must be satisfied?Draw the consumption function as the relation of the consumer's income and expenditure. What does the slope of the consumption function depend on? Is the consumer's income the only factor determining the level of his consumption spending?Lesson 1 - Integration Activity W5L1 - A (a) A firm's marginal cost function is MC = Q² + 2Q + 4 Find the total cost function if the fixed costs are 100. 6 cons (b) The marginal revenue function of a monopolistic producer is: MR = 10-4Q. Find the total revenue function and deduce the corresponding demand function.
- Use the graphs to illustrate the effect of a decrease in consumer income expectations on the consumption (C) function and the savings (S) function. Real consumption 500 450 400 350 300 250 200 150 100 50 0 0 50 C = DI с 100 150 200 250 300 350 400 450 500 Real disposable income (DI) Real savings 500 450 400 350 300 250 200 150 100 50 0 -50 -100 -150 0 50 100 150 200 250 300 350 Real disposable income (DI) S 400 450 500Assume that that tax revenues (T) are proportional to income (Y). That means if the tax rate is equal to t, then we have T = tY.Also, consumption (C) and investment (I) functions are given as the following: C = a + b (Y – T) [where a and b are constant]I = c – dr. [where c and d are constant, and r is the interest rate] A) Find the expression of the government purchase multiplier. (Use derivative) B) What will happen to multiplier if tax rate increases? What will happen to multiplier if MPC increases?Construct a consumption function from the data given here and determine the MPC. Given the consumption function in the above question, what is the relationship between disposable income and consumption? Is it direct or indirect and then explain what it means.
- Consider the following graph: Consumption 8,000 4,000 The slope is: 1.2 2.5 A 0.4 B 10,000 Disposable income indeterminate from this information 20,000Find the value of MPC if MPS is 0.4.Given the consumption function below C = α + βY, if β is 0.4, how can it be interpreted? Select one: a. Out of any additional income, Consumption increases by 4% b. Out of any additional income, consumption increases by 40% c. Out of any additional income, Consumption increases by 60% d. Out of any additional income, Consumption increases by 0.4%