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inessss [21]
3 years ago
9

Suppose that when Sue’s disposable income is $10,000, she spends $8,000, and when her disposable income is $20,000, she spends $

14,000. Sue’s autonomous consumer spending is equal to __________ and her MPS is equal to __________.
Business
1 answer:
soldier1979 [14.2K]3 years ago
7 0

Answer:

The correct answer is: 2,000; 0.4

Explanation:

We can write the initial consumption function as,

C = a + bY

8,000 = a + 10,000b

a = 8,000 - 10,000b

The new consumption function is,

14,000 = a + 20,000b

Putting value of a in this function

14,000 = 8,000 - 10,000b + 20,000b

14,000 - 8,000 = 10,000b

b  = \frac{6,000}{10,000}

b = 0.6

Putting the value of b in the initial function,

8,000 = a + 10,000 \times0.6

a = 8,000 - 6,000

a = $2,000

The marginal propensity to consume or b is 0.6.

The marginal propensity to save will be

= 1 - 0.6

= 0.4

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Veseljchak [2.6K]

Answer:

$100,000

Explanation:

Accounting profit = Revenue - Explicit Cost

$4,100,000 - $4,000,000 = $100,000

Accounting profit does not taken into account opportunity cost or implicit cost. The implicit cost here is the amount of interest forgone by starting the store

This interest rate would have been earned if he left the money in his account

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2 years ago
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drek231 [11]

Answer:

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2 years ago
Customers who face the same general needs of the marketplace but are likely to experience them months or years earlier than the
inn [45]

Answer:

Letter B is correct. <em>Lead Users</em>.

Explanation:

Term developed by prof. Eric von Hippel, Lead Users are those users who are able to transform, adapt and modify a company's product or service for their own benefit, as they face the same market needs a while before regular users.

For Prof Eric von Hippel, there are four steps in developing Lead Users:

  1. Preparation,
  2. Needs and Trends Identification,
  3. Lead Users Identification, and
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The premise is that the Lead Users method is effective in identifying innovation and product trends that need to be developed for a market for your needs.

3 0
3 years ago
Exercise 9-5 Sandhill Co. purchased a new machine on October 1, 2017, at a cost of $80,010. The company estimated that the machi
Dovator [93]

Answer:

2017 = $2,598 and 2018 = $10,390

Explanation:

The computation of the depreciation expense for the second year is shown below:

= (Original cost - residual value) ÷ (useful life)

= ($80,010 - $7,280) ÷ (7 years)

= ($72,730) ÷ (7 years)  

= $10,390

In this method, the depreciation is same for all the remaining useful life

For 2017, the depreciation expense would be

= $10,390 × 3 months ÷ 12 months

= $2,598

The three months is calculated from the October 1, 2017, to December 31, 2017

And, in 2018 it would be $10,390

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3 years ago
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vazorg [7]

You’ve been specially selected to win our grand prize. Contact us to collect it!” This is probably a scam.

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2 years ago
Read 2 more answers
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