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Maksim231197 [3]
3 years ago
13

Advanced Analysis) Suppose that the linear equation for consumption in a hypothetical economy is:

Business
1 answer:
natima [27]3 years ago
5 0

Answer:

0.8; 0.2; $360; 90%; 10%

Explanation:

Linear equation for consumption is as follows:

C = 40 + 0.8Y

suppose that income (Y) = $400

MPC = 0.8

Marginal propensity to save = 1 - Marginal propensity to consume

MPS = 1 - 0.8

       = 0.2

C = 40 + 0.8Y

C = 40 + 0.8 × 400

   = $360

Therefore, consumption is $360.

Average propensity to consume ( APC):

= Consumption ÷ Income level

= 360 ÷ 400

= 0.9

= 90%

We know that income is either consumed or saved, therefore,

Y = C + S

$400 = $360 + S

S = $40

Average propensity to save ( APS):

= Savings ÷ Income level

= 40 ÷ 400

= 0.1

= 10%

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2 years ago
Team members can collaborate on ideas using telepresence. <br> a. True <br> b. False
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That statment is true
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3 years ago
Due to ____, market forces should realign the cross exchange rate between two foreign currencies based on the spot exchange rate
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Answer:

The correct answer is C

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So, because of covered interest arbitrage, the market forces realign the cross exchange rate among two countries grounded on spot exchange rates of two currencies.

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3 years ago
In the recent years, prices of basic food commodities such as corn, rice, and wheat have increased sharply. A recent article in
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Answer:

I, II and III.

Explanation:

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If government of a nation sets a price ceiling below the equilibrium price level then this will increase the quantity demanded for the product because now goods become more affordable to the consumers and decreases the quantity supplied because it will become less profitable for the producers.

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3 years ago
When Bill is alone with Sally, he apologizes by saying, "I'm sorry about getting angry yesterday. I should have informed you soo
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Answer:

  • <u><em>Remedy</em></u>

Explanation:

This question comes with these answer choices:

  • a. remedy.
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<h2>Solution</h2>

Saying sorry is not enough in most cases. The apology should include efforts to remedy or reduce the harm caused. Some kind of compensation.  

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Start by establishing the consequences of your action on the offended person and then implement a remedy.

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