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Paul [167]
3 years ago
9

Suppose disposable income increases by $2,000 . As a result, consumption increases by $1,500 . Answer the questions based on thi

s information. Where appropriate, enter your answer as a decimal rather than as a percentage.
(a) The increase in savings resulting directly from this change in income is $ ____
(b) The marginal propensity to save (MPS) is The marginal propensity to consume (MPC) is ____
Business
1 answer:
antiseptic1488 [7]3 years ago
7 0

Answer:

$500

0.25

0.75

Explanation:

It is assumed that disposable income is either saved or consumed.

Disposable income = Consumption + Savings

Savings = Disposable income - Consumption

= $2000 - $1500 = $500

MPS = Savings ÷ Income

= 500 ÷ 2000 = 0.25

MPC = Consumption ÷ Income

= 1500 ÷ 2000 = 0.75

MPS + MPC = 1

Alternatively: MPC = 1 - MPS = 1 - 0.25 = 0.75

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The accounting book or computer program where each days transactions are first recorded is called a(n): Journal
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<3
6 0
3 years ago
In January, Dieker Company requisitions raw materials for production as follows: Job 1 $970, Job 2 $1,520, Job 3 $810, and gener
USPshnik [31]

Answer:

Dieker Company

<u>Job Cost Sheet of </u>

                        Job1                             Job2                                   Job3

Materials        $970                            $ 1520                                 $ 810

Factory Labor  $2390                      $ 1730                                  $1560

General Factory

Indirect material  $ 660                     $ 660                                 $ 660

<u>Indirect labor      $ 1920                     $ 1920                                $ 1920</u>

<u>Total                   $ 5940                      $5830                             $  4950</u>

Cost of Job 1

Materials          $ 970

Factory Labor $ 2390

G. Factory        <u>  $ 2580</u>

Total                 $ 5940

Cost of Job 2

Materials          $ 1520

Factory Labor $ 1730

G. Factory        <u>  $ 2580</u>

Total                 $ 5830

Cost of Job 3

Materials          $ 810

Factory Labor $ 1560

G. Factory        <u>  $ 2580</u>

Total                 $ 4950

7 0
3 years ago
Stanley is 21 years of age, single, living at home with Mom, Dad, and his younger sister, but he is not claimed by his parents.
elixir [45]

The document that he needs to complete his FAFSA application is D. None of the above.

FASFA Application is an acronym for The<u> Free Application for Federal Student Aid. </u>This is an application that is done that allows students to be considered for Federal student aid.

The documents that a student needs to complete his FAFSA application include one's security number, the <em>Federal Income tax returns</em>, and every other record of the money that the person has earned.

From the complete question, none of the above options are given, therefore, the correct option is None of the above.

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7 0
2 years ago
housing is a generic term that includes any form of housing that is manufactured by precision techniques in a factory setting an
natita [175]

Factory built Housing is a generic term that includes any form of housing that is manufactured by precision techniques in a factory setting and then transported to the building site for final assembly.

<h3>What is Factory built Housing?</h3>

Factory-Built Housing  can be described as the  residential building as well as  dwelling unit and it can as well be regarded as the individual dwelling room where parts can be stored.

It should be noted that this could be the  combination of rooms,  as well as the building components, assembly,  which help to concealed parts or processes of manufacturing before installation.

Hence , Factory built Housing is a generic term that includes any form of housing that is manufactured by precision techniques in a factory setting and then transported to the building site for final assembly.

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CHECK THE COMPLETE QUESTION:

---------------housing is a generic term that includes any form of housing that is manufactured by precision techniques in a factory setting and then transported to the building site for final assembly.

5 0
2 years ago
A factory produces short-sleeved and long-sleeved shirts. A short-sleeved shirt requires 30 minutes of labor, a long-sleeved shi
Orlov [11]

Answer:

Profit= $5200

Explanation:

let the short sleeved shirt be x and long sleeved shirt be y then according to the given conditions 30x+45y=240(60) minutes---A

also x+y=400------B

multiplying b with 30 gives

30x+30y=12000------C

subtracting C from A 15y= 2400

y= 160 long sleeved shirts and x= 240 short sleeved shirts are made

Profits= 240*11+160*16=$5200

6 0
3 years ago
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