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3 years ago

If consumer income increases by $100 million in the united states and the mpc is .6, by how much will consumption increase?

1 answer:

3 0

<span>The marginal propensity to consume (MPC) is a measure of the proportion of extra income that will be spent on consumption. If an individual receives an extra $100 and spends $60 on consumption then the personâ€™s MPC is 0.60. If consumer income in the United States increases by $100 million and the MPC is 0.60 consumption in the US will increase by $60 million.</span>

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Answer:

Emily’s cost basis in the new building is $900,750.

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On January 1, Year 1, Price Co. issued $190,000 of five-year, 6 percent bonds at 96½. Interest is payable annually on December 3

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Answer:

a) Cash received = $183,350

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As per the data given in the question,

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b) Discount on bonds payable = $190,000 - $183,350

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3 years ago

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Answer:

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