All categories

1 year ago

The consumption function shows how an increase in influences . a. income; households' aggregate planned expenditure

Business

1 answer:

77julia77 [94]1 year ago

3 0

The consumption function shows how an increase in Disposable income influences consumption expenditure.

Consumption expenditure:

Consumer spending, often known as personal consumption expenditures (PCE), is the amount spent by or on behalf of US citizens on products and services. BEA releases annual, quarterly, and monthly estimates of consumer expenditure on a nationwide scale. recently released.
C = c+bY is described by the consumption function equation. The value of total consumption will rise if the value of (By) is higher. It clearly states that if income rises, expenses must follow like. We must take into account the fact that the pace of income growth exceeds the rate of expenditure growth.
Consumption examples include getting a new pair of shoes, a hamburger at a fast food joint, or services like having your house cleaned. Additionally, the term "consumer spending" is frequently used.

Learn more about consumption expenditure here brainly.com/question/14315731

#SPJ4

You might be interested in

Grouper Ltd. estimates sales for the second quarter of 2017 will be as follows.

Alona [7]

Answer:

July production = 2,660 units

raw materials per unit = $6

ending inventory of raw materials = 50% of next month production

<h2> RAW MATERIALS PURCHASES</h2>

April May June

units to be produced 2,200 2,130 2,330

+ ending inventory 1,065 1,165 1,330

EU raw materials

- beginning inventory -1,100 -1,065 -1,165

<u>EU raw materials </u>

total direct materials

purchases (in units) 2,165 2,230 2,495

cost of direct materials $6 $6 $6

total purchases $12,990 $13,380 $14,970

8 0

4 years ago

Under a perpetual inventory system, the journal entry to record the purchase of inventory on account will include a:

Andrew [12]

<span>Debit accounts payable and credit cash</span>

3 0

3 years ago

The evidence of debt and personal promise to repay that debt is called

xz_007 [3.2K]

This evidence will be called 'Note'

6 0

3 years ago

Extra units that are held in inventory to reduce stockouts are called a. demand variance. b. reorder point. c. safety stock. d.

vampirchik [111]

Extra units that are held in inventory to reduce stock outs are called just-in-time inventory. The term inventory refers to both the raw materials utilized in production and the finished commodities that are ready for sale. The first-in, first-out method, the last-in, first-out approach are used for inventory valuation.

Inventory turnover is a major contributor to revenue production and, subsequently, to profits for the company's shareholders, making it one of a company's most valuable assets. Work-in-progress items, finished goods, and raw materials make up the three categories of inventory. It is classified as a current asset on the asset side of a company's balance sheet.

To learn more about inventory, click here.

brainly.com/question/15118949

#SPJ4

7 0

2 years ago

Four Seasons Hotels sell private residences in several of their properties and send direct mail to prospective residents asking

vazorg [7]

Answer:

lead generation

Explanation:

Based on the information that is describing the situation at hand it seems that In terms of direct marketing, this is known as lead generation. This term refers to the activities or tasks that a company undergoes in order to attract potential customers towards their products or services. Which is what Four Seasons Hotels are doing by sending direct mail to their potential customers in order to attract them towards their hotels.

4 0

3 years ago

The consumption function shows how an increase in ______ influences ______. a. income; households' aggregate planned expenditure

The consumption function shows how an increase in influences . a. income; households' aggregate planned expenditure