Disposable Income (Y) $0 $100 $200 $300 $400 Consumption Spending (C) $100 $180 $260 $340 $420 $500 $580 $700 $660 The marginal propensity to consume is type your answer... $500 $600 which means that a $100 increase in disposabi
Q: The market demand for Good X is given by QD=250-10√P+21², where P is the price and I is the per…
A: Income elasticity refers to the responsiveness in the demand for goods due to corresponding change…
Q: • The inverse demand function is given by P = a-bQ, with a, b>0; • The monopolist's cost structure…
A: Given Inverse demand function: P=a-bQ a, b>0 .... (1) The total cost of the monopolist…
Q: In comparing money to a share of Microsoft stock held by an individual, we can say Multiple Choice…
A: Money has several functions, some of which are as follows:A unit of account, Medium of exchange,…
Q: Suppose that the European Union follows a flexible exchange rate regime. The exchange rate between…
A: Exchange Rate is the relation between the values of two different currencies. The values depend on…
Q: When testing the appeal of a new product it is best to use: a focus group your own e-commerce site
A: Product Testing, likewise called shopper testing or relative testing, is a course of estimating the…
Q: Action to keep members coming back to brand community: Establish community rules Create a feeling of…
A: In economics, branding of the business is important for the success and sales. Branding helps in…
Q: At what simple interest rate: a) Will $20,000.00 rise to $21,100.00 in one year? b) Will $720,000.00…
A: We have given (a) Present value of money P= $20,000.00 Future value F= 21,100.00 and time = 1 year…
Q: OA. When a large proportion of income is spent on a product or service, the more elastic the supply…
A: Elasticity measures the change in quantity supplied or demanded when the product's price is changed.…
Q: The following diagram shows the market demand for titanium. Use the orange points (square symbol) to…
A: Supply Curve is the curve that denotes the different levels of quantity that a producer is willing…
Q: Under the kinked demand curve model, an increase in marginal cost will lead to: A. An…
A: Kinked demand curve makes the Marginal revenue curve discontinuous. thus, any change in the marginal…
Q: J&J Company is considering publishing a paperback textbook on spreadsheet applications for business.…
A: Thank you for the question. As per BNED, we can answer 3 subparts per session. To get the answer for…
Q: Kim spends all her weekly income of R200 on two goods, X and Y. The prices of the two goods are R5…
A: A budget constraint refers to all the different combinations of goods and services that a consumer…
Q: Which of the following is NOT included in Canadian GDP calculations? air pollution that contaminates…
A: GDP (gross domestic product) of a country is the market value of all final commodities and services…
Q: Incorrect Question 1 A country has 100 million people, 80 million of whom are adult…
A: People who are working or have a job are considered employed and people who are looking for a job…
Q: When performing a benefit cost analysis of different options to provide clean water to a community,…
A: Benefit/Cost (B/C) Analysis is characterized as a deliberate interaction for working out and looking…
Q: 11. Shinhan Bank has 100 in checkable deposits, total reserves of 15, a loan of 85, and no bank…
A: Balance sheet before 10 $ outflow Required reserves = 10 % of deposits = 10 $ Excess reserves =…
Q: Calculate Nick's marginal revenue and marginal cost for the first seven shirts he produces, and plot…
A: Introduction Here Nick runs a small business that manufactures shirt. Shirt market is a competitive…
Q: EconomicS The design company CasaOffshore in Casablanca Offshoring Park is evaluating the purchase…
A: The measure that depicts the current stream of cash flows being discounted at a specified rate of…
Q: There is a decrease in the income for the population and the price for tractors used by apple…
A: Here, it is given that income of the population has decreased and the price of the tractor, that is…
Q: ges are high in poor countries because businesses are run D a. True b. False efficiently.
A: Wages are the remuneration that are recieved by the labors.
Q: If elasticity of demand is greater than elasticity of supply, more tax incidence will be on who? A.…
A: Taxes are unintended fees placed on individuals or companies and levied by a government agency –…
Q: Which of the folowing statements is TRUE? OA. Statistical discrimination cannot persis in the long…
A: Profit maximization refers to the condition of private firms trying to increase their revenues from…
Q: Ithy by working out, eating healthier, and taking preventive care. Assume that the cost of becoming…
A: 1. No. Becsuse, The only employer in the town is giving the job to everyone irrespective of the…
Q: d every 9,000 miles along with the oil (5 quarts). Between each oil change, one quart of oil must be…
A:
Q: Calculate the amount of simple interest and the amount for: a)$40,000 at 36% per year in 3 years and…
A: To calculate the Simple interest we need to solve for separate time periods . We need to solve for…
Q: Individual retirement accounts (IRAS) were established by the U.S. government to encourage saving.…
A: A Savings account refers to the facility that banks give its customers where the customers deposit…
Q: Question 1 Suppose a British Columbia has a total of 12 units of labour, which can be used to…
A: Shortage in financial matters alludes to when the interest for an asset is more prominent than the…
Q: If the Phillips curve in an economy is given by π = π-1-0.5(u-0.02), then it takes 6 percentage…
A: The relationship between inflation and unemployment is explained by Philip's curve. According to it,…
Q: hat is the amount produced, at the end of 5 years, by annual deposits of $2,000,000.00 at a rate of…
A: Constant annual deposit = 2000,000 Time = 5 years Interest rate = 6 % annually
Q: The demand curve and supply curve for one-year discount bonds with a face value of $900 are -0.25 P+…
A: Given information: Face value of bond = $900 Demand, Q = -0.25P + 200 Supply, P = 2Q - 100 or Q =…
Q: Suppose the information in the following table is for a simple economy that produces only the…
A: Here, it is given that the base year is 2012 and the price and quantity of different goods and…
Q: Suppose the cost of providing cable/satellite tv continues to rise and, as a result, the supply…
A: There is a direct relationship between the price of a commodity and the demand (d) for its…
Q: Prius gets 49 miles per gallon. But it costs $25,000. Focus gets 31 miles per gallon, and costs…
A: The break-even point is the point at which total cost and total revenue are equal, meaning there is…
Q: 1. What advantages are there with an International Legal Agreements? Cite as many as you can and…
A: Formal understandings or pledges between two or more nations are known as international accords.A…
Q: Outline and explain the conditions required to achieve economic efficiency in exchange, in…
A: Economic efficiency is when all factors and goods of production in an economy are allocated or…
Q: A car rental agency is considering a modification in its oil change procedure. Currently, it uses a…
A: Following is the given values: Cost of type X filter = $4.75Filter changed every = 9000 miles Number…
Q: What is the impact of new technology?
A: The economy of a country will grow faster when positive changes in the economy occur. It can be…
Q: suppose that annual income from a rental property s expected to start a $1,270 per year and decrease…
A: Given First-year rent on property =$1270 Then for each successive year, the rent decreases by a…
Q: Bridge Coal Company is the only employer in a remote and mountainous region of the country, so the…
A: Introduction Monopsony This is Market in which only single buyer is their.
Q: The recession of 2007-2009 caused General Motors' sales to decline by A. 65 percent; 50 percent…
A: When talking abou financial sales of General motors between 2007 to 2015, it can be said that it was…
Q: Using a graph, draw a set of indifference curves that are not locally non- satiated. Explain in…
A: An indifference curve refers to a graphical depiction of a combined product that offers a buyer a…
Q: Given information: Fixed factory overhead costs: $60,000 Fixed selling overhead costs: $12,000…
A: Introduction We have given cost and profit of the firm. Then we have to calculate the equilibrium…
Q: Given the following marginal tax rates and income brackets, calculate the effective tax rate for an…
A: The effective tax rate is the per cent of the income that an individual or an enterprise settles in…
Q: 6. Suppose that for a 1000, the dollar cost of producing a video cameras is C(x) = 500x - 0.003x2…
A: Answer: Given, Total cost function: Cx=500x-0.003x2+10-8x3 where, x⩾1000 Let us first calculate…
Q: Engineering Economics (Ilustrative Problem): A tunnel through a mountain is being considered as a…
A: Benefit Cost Ratio refers to the ratio of the present values of the sum of the benefits to the…
Q: Which of the following will result at the equilibrium price for milk? O Quantity supplied exceeds…
A: Equlibrium price is the price where quantity demanded is equal to quantity supplied. At this price…
Q: Which of the following is NOT an aspect of income inherent in the economic life cycle? Question 35…
A: The measure that depicts the fluctuations that occur in the economy between periods of expansion and…
Q: Manchester United TV Subscription (annual) Value to a non-Manchester United soccer fan Value to…
A: Profit portrays the financial advantage acknowledged when revenue produced from a business action…
Q: Jake is a full-time worker. Today, he is fired from his job, and he suddenly decides to retire. Due…
A: Here, jr is given that that an lost his job and become unemployed, but at the same time, he decides…
Q: Question 91 c) Suppose that the government is interested in raising the tax revenue. The only option…
A: Price Elasticity refers to the responsive in the quantity demanded due to corresponding change in…
Solve it correctly
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
- Consider the following table, which shows a household's disposable income and consumption expenditures. All values are expressed in dollars. Compute the marginal and average propensities to consume for each level of income and fill in the table. (Round your responses to two decimal places) Disposable Income (Y) 0 300 600 900 1,200 1,500 Desired Consumption (C) 420 660 900 1,140 1,300 1,620 MPC-ACIAY NA APC = C/Y₂ NA4. If you save $20 when you experience a $200 rise in your income:(A) your marginal propensity to save is 0.2. (B) your marginal propensity to consume is 0.9.(C) your marginal propensity to consume is 0.1.(D) your marginal propensity to consume is 0.8.The following table shows data for the economy before the decrease in saving. Suppose that the decrease in saving causes consumption to rise from $280 million to $320 million. Assume Say's law holds in this economy. Fill in the data for the economy after the decrease in saving. Before Saving Decrease After Saving Decrease Consumption (C) $280 million $320 million Investment (I) $200 million $ million Government Purchases (G) $250 million $ million Exports (EX) $500 million $500 million Imports (IM) $300 million $300 million As a result of the decrease in saving, total expenditures will .
- You are an economic advisor to the government. Discuss your opinion . a) How COVID-19 pandemic will affect the consumption behavior as well as the investment done by the firms and household for the next two years? b) What are the actions or policies that the government can implement to face this situation? please answers with analysis and --graph (if possible)DI, C and S Given the following income, spending, and savings data, please answer the following questions: Savings (S) Disposable Income (DI) 0 $ $ 50000 $100000 $150000 d. Consumption (C) $ 40000 $ 70000 $100000 $130000 a. Solve for savings at each level of disposable income (DI) and place the values in the blanks above. b. Solve for the marginal propensity to consume (MPC) between each disposable income level. c. Although you were not asked to do so in this example, whenever solving for the APC, you should find that the APC decreases as the DI rises. Why would the APC decrease when the consumption values continue to increase as disposable income increases? State the value for the break level of income.25 1 Calculate the equilibrium level of investment if you have the following equations: C=0.4Yd+20, national income is 1000, government expenditures is 200, tax is 50 Investment =300 O Investment-D350 O Investment3D400 O Investment3D450 O None of the above O
- Consumption expenditures in the U.S. usually account for approximately 40 O 50 O 60 O 70 80 percent of GDP.Yd Consumption Expenditure $ 0 $ 6,000 $ 10,000 $ 14,000 $ 20,000 $ 22,000 $ 30,000 $ 30,000 $ 40,000 $ 38,000 $ 50,000 $ 46,000 Determine break even level of income Determine autonomous consumption If your income level were $30,000, how much would you save? Calculate MPC, MPS, and Multiplier How much equilibrium level of income will increase by if autonomous Investment of $4,000 was made?Choose the correct answer: . If consumption is $25,000 when income is $26,000, and consumption increases to $25,900 when income increases to $28,000, the marginal propensity to consume is: 0,59. (B) 0.65. (C) 0.55. (D) 0.45. 2) Suppose consumption is $10,000 when income is $9,000 and the marginal propensity to save equals 0.1. When income increases to $9,500, consumption will be: $8,500. (B) $10,450. (C) $10,500. (D) $10,050.
- Assume that a nation's marginal propensity to consume (MPC) is 0.75. A highiy productive, cost-cutting technology is developed for the production of commercial airplanes. The total industry expenditure in this nation is $100 million for the immediate acquisition and adoption of this technology. (a) For this nation, identify and explain how much this spending on new technology will change each of the following in the first round: i. Income (GDP) L. Saving i. Consumption (b) Assuming a closed economy and no leakages, identify and explain how much this spending on new technology will change each of the following at the end of the final round: i. Income (GDP) ii. Saving li. Consumption15. If government's spending increases by 60 and marginal propensity to consume is 0.8, how will the increase in equilibrium income be? 65 b) 300 90 d) 250If a household’s income falls from R12 000 to R10 000, and its consumption fallsfrom R9 500 to R8 000, then: choose the correct answer(a) The marginal propensity to consume is ‐0.8. (b) The marginal propensity to consume is 0.75. (c) The marginal propensity to consume is 0.2. (d) The marginal propensity to save is 0.15