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netineya [11]
3 years ago
6

If your income increases by $1,500 and you only consume $900 of it, your marginal propensity to consume would be equal to: a. 0.

60. b. 0.75. c. 600.00. d. 0.40. e. 0.50.
Business
1 answer:
iogann1982 [59]3 years ago
7 0

Answer:

a. 0.60.

Explanation:

Marginal Propensity to Consume is a metric which enables to measure the increase in consumer spending when there is increase in consumer disposable income. The proportion of disposable income with increase in spending is known as marginal propensity to consume.

The correct answer is 0.60. This is calculated by dividing consumption by the spending.

Marginal propensity to consume = $900 / $1,500

Marginal propensity to consume = 0.60.

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How is a command economy different from a mixed economy?
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Presented below is selected information for three regional divisions of Medina Company. Divisions North West South Contribution
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                                                     North     West           South

Contribution margin           $300,300 $499,000 $399,200

Controllable margin            $139,700 $360,600 $209,900

Average operating assets    $997,857 $1,567,826 $1,499,286

Minimum rate of return             13%            14%           9%

return on investment (ROI) = controllable margin / average operating assets

North's ROI = $139,700 / $997,857 = 14%

West's ROI = $360,600 / $1,567,826 = 23%

South's ROI = $209,900 / $1,499,286  = 14%

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North's RI = $139,700 - ($997,857 x 13%) = $9,978.59

West's RI = $360,600 - ($1,567,826 x 14%) = $141,104.36

South's RI = $209,900 - ($1,499,286  x 9%) = $74,964.26

(1) If ROI is used to measure performance, which division or divisions will probably make the additional investment?

North and South divisions should probably make the additional investments since their current ROI is less than 16%

(2) If residual income is used to measure performance, which division or divisions will probably make the additional investment?

All the divisions since their minimum required rate of return is less than 16%.

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