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Natali5045456 [20]
2 years ago
6

In a private closed economy, (a) the marginal propensity to save is 0.25, (b) consumption equals income at $120 billion, and (c)

the level of investment is $40 billion. What is the equilibrium level of income?
Business
1 answer:
Andreas93 [3]2 years ago
7 0

Answer:

$280 billion

Explanation:

An economy reaches the equilibrium when there is an equal amount of supply and demand.

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The correct answer is C.

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<u>The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).</u>

We need to calculate the net operating income:

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Total variable cost= (20 + 10)*120,000= (3,600,000)

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-0.11% a year

Explanation:

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3 years ago
1) Explain in brief the creations of controlled environment for off season vegetable farming.
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Answer:

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