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3 years ago

The permanent income hypothesis suggests that consumer:

Business

1 answer:

zimovet [89]3 years ago

5 0

Answer: d. spending depends on income people expect over the long term, rather than on current income.

Explanation:

The permanent income hypothesis states that people will spend money at a level equal to their permanent income which is their expected long-term average income.

The consumption function states that consumption is equal to autonomous consumption and consumption is dependent on disposable income.

The savings function shows the relationship between savings and income.

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With its current levels of input use, a firm's MRTS is 1/3 (when capital is on the vertical axis and labor is on the horizontal

bixtya [17]

Answer: A. the firm could produce 3 more units of output if it increased its use of capital by one unit (holding labor constant).

Explanation:

The Marginal Rate of Technical Substitution(MRTS) is calculated as follows:

= Marginal product of labor / Marginal product of capital

= 1 / 3

Marginal product of labor = 1

Marginal product of capital = 3

This means that if one unit of labor is used, it produces 1 unit of output.

If one unit of capital is used however, it produces 3 units of output.

If a firm therefore used one unit of capital and kept labor constant, it could produce 3 units out output.

4 0

3 years ago

A bicycle repair company conducted segmentation research and then targeted their direct mail coupons for a first bike tune-up to

Kamila [148]

Answer:

Who am I trying to reach?

Explanation:

Targeting and segmentation is the process by which a company focuses marketing activities regarding a particular product to a defined customer profile.

Certain criteria like income, age, location, culture and so on can be used as a basis for segmentation.

Basically the question that segmentation and targeting answers is - Who am I trying to reach?

In the given scenario the bicycle repair company conducted segmentation research and then targeted their direct mail coupons for a first bike tune-up to that identified customer segment.

So they answered who they want to sell to.

8 0

3 years ago

answer the two questions relating to demand and the law of demand. a. which can cause a shift in the demand curve? a change in t

fredd [130]

One thing that can cause a shift in the demand curve is a change in one of the determinants of demand.

The law of demand can be shown as Pat wants to buy more candy bars at $1 than at $2

<h3>What does the law of demand say?</h3><h3 />

The law of demand posits that people will demand more of a good when the price is lower as opposed to when it is higher. This is why Pat will want to buy more candy bars when the price is lower at $1 as opposed to $2.

The demand curve will shift when there is a change in one of the determinant of demand such as the income of people and the price of substitutes.

Find out more on the law of demand at brainly.com/question/24500422

#SPJ1

7 0

2 years ago

Realists argue that the __________ is the key unit of analysis in international relations, whereas neorealists argue that the __

Delvig [45]

The answers are state, and international system

I hope that helped

5 0

3 years ago

The market for breakfast cereal is currently in equilibrium. Suddenly there is a storm that destroys the wheat that farmers had

lutik1710 [3]

Answer:

Explanation:

It will need to decrease Because the wheat is gone, so it decreases the amount of cereal made.

8 0

3 years ago