1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
Rachel is on her way to an interview for the position of a project manager. She is trying to prepare for this interview by analy
Lubov Fominskaja [6]

Answer:

Leadership.

Negotiation.

Scheduling.

Cost Control.

Risk Management.

Contract Management.

Critical Thinking.

Communication.

7 0
3 years ago
On May 31, Money Corporation's Cash account showed a balance of $13,500 before the bank reconciliation was prepared. After exami
Georgia [21]

The amount of cash that should be reported in the company's balance sheet as of May 31 is $2,975.

<h3>What is a balance sheet?</h3>
  • A balance sheet also referred to as a statement of financial position or a statement of financial condition in financial accounting, is a summary of the financial standing of a person or an organization, including a corporation, private limited company, sole proprietorship, business partnership, government agency, or not-for-profit organization.
  • As of a particular date, such as the conclusion of its financial year, assets, liabilities, and ownership equity are listed. It's common to refer to a balance sheet as a "picture of a company's financial status."
  • The balance sheet is the only one of the four fundamental financial statements that only apply at one particular period in a company's fiscal year.
<h3>Solution -</h3>

Deposits outstanding = $3,050 (+)

actual amount on check my Money corporation = $95 (+)

Service fees = $170 (-)

∴ 3050+95-170=2975

So, the amount of cash that should be reported in the company's balance sheet as of May 31 is $2,975.

Know more about financial statements here:

brainly.com/question/24498019

#SPJ4

7 0
2 years ago
You write one JNJ February 70 put for a premium of $5. Ignoring transactions costs, what is the break-even price of this positio
Law Incorporation [45]

Answer:

$65

Explanation:

The calculation of the break even price for this position is given elow:

Break even price is

= Strike price - premium

= $70 - $5

= $65

The stock goes increase i.e. upwards to $65 so the amount that lose is only $5 but it declines than the stock would be $0

Therefore, the break even price of this position is $65

So, by using the above formula we can get the break even price and the same is to be considered

4 0
3 years ago
CalPERS, the California Public Employees Retirement System, manages over 240 billion dollars in assets. As an example of shared
Sphinxa [80]

Answer:

The correct option is true

Explanation:

Shared activism refers to the use of direct action in achieving a goal as in the case of people refusing to leave a house marked for demolition in order to protect the house from being demolished.

CalPERS as a pension fund manager coupled with being a major shareholder in many of the firms where it holds investment has just employed the strategy of direct intervention known as shared activism in order  that the value of its  portfolio is optimized.

5 0
3 years ago
When a tariff is imposed on a​ foreign-produced product, domestic producers receive a​ ________ price and domestic consumers pay
Fittoniya [83]

Answer: decreased , lesser .

Explanation:

Tariffs are used to restrict imports by increasing the price of goods and services purchased from another country, making them less attractive to domestic consumers . Governments may impose tariffs to raise revenue or to protect domestic industrie especially from foreign competition.

7 0
3 years ago
Other questions:
  • Driving his motorcycle negligently, joe crashes into a streetlight. the streetlight falls onto kim, who is standing nearby, resu
    14·1 answer
  • Twist Corp. has a current accounts receivable balance of $457,615. Credit sales for the year just ended were $2,940,600.a. What
    14·1 answer
  • Bob Burgers allocates manufacturing overhead to jobs based on direct labor hours. The company has the following estimated costs
    11·1 answer
  • Ponderosa Development Corporation (PDC) is a small real estate developer that builds only one style of house. The selling price
    8·1 answer
  • 1. Herb, who keeps his savings in an old coffee can. 2. Karen, a retired school teacher that relies upon her fixed pension to pa
    15·1 answer
  • Jaylan decided she no longer like the car she was leasing and turned it in a year before her lease was up. What kind of fee will
    5·2 answers
  • The following information pertains to Julia &amp; Company: March 1 Beginning inventory = 33 units @ $5.70 March 3 Purchased 14 u
    10·1 answer
  • The following income statement and balance sheets for Virtual Gaming Systems are provided.
    9·1 answer
  • It is fairly easy for coaches to put aside prejudices when selecting team members, determining the starting lineup, or assigning
    11·2 answers
  • PLEASE HELP!<br> Question: Give an example of a Trademark in Business.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!