The marginal propensity to consume tells us by how much consumption expenditure changes when disposable income changes.
<h3>What is marginal propensity?</h3>
In economics, the marginal propensity to consume (MPC) is defined as the proportion of an aggregate raise in pay that a consumer spends on the consumption of goods and services, as opposed to saving it.
<h3>What is the MPC and MPS?</h3>
Key Takeaways. The marginal propensity to save (MPS) is the portion of each extra dollar of a household's income that's saved. MPC is the portion of each extra dollar of a household's income that is consumed or spent.
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It should be noted that the contribution margin is first used to cover fixed expenses.
<h3>
What is contribution margin?</h3>
The contribution margin simply shows you the aggregate amount of revenue that is available after variable costs to cover fixed expenses.
Contribution margin is first used to cover fixed expenses. Once the break-even point has been reached, the contribution margin becomes profit.
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Answer:
A facility that will make you wanna do things that you wouldn't. This place will drive you insane, please shoot me
Independent, classroom, activist, pragmatic
Answer:
$15 trillions
Explanation:
The computation of the GDP is shown below:
GDP = Consumption + Investment + Government purchase + Net exports
where,
Consumption = $10 trillions
Investment = $2.5 trillions
Government purchase = $3 trillions
Net exports = Exports - imports
= $1 trillion - $1.5 trillion
= -$0.5 trillion
So, the GDP would be
= $10 trillions + $2.5 trillions + $3 trillions - $0.5 trillions
= $15 trillions
= 13.5 trillions
