If one book = 1/8, then you can just multiply it by 3, for the three mystery books. 8x3= 24, so tony has 24 books in all.
Given the marginal propensity to consume (MPC), the miltiplier is given by
Multiplier = 1 / (1 - MPC)
Given that the marginal propensity to consume is 0.8, the multiplier is given by
Multiplier = 1 / (1 - 0.8) = 1 / 0.2 = 5
Answer: 300
We know that 5×3=15. Since we are trying to get 1500 we Multiply 300×5 and get 1500.
<u>How do we know?</u>
- As you can see if you cross out 2 of the 0 in 300 you have 3×5. When you multiply it you get 15.
- Also if you cross out 1 of the 0 in 300 you have 30×5. When you multiply that you get 150.
As you see when you still multiply either of those problems you have 15 in it. So we should know 300×5=1500.
Note: We can also multiply 500×3 and get 1500. You still get the same answer but just switched numbers.
Answer:
Form an equation:
let x be the price of a shirt
Then, the price of a sweater would be x - 5
So you would have:
4(x - 5) + 3x = 200
simplify
4x - 20 + 3x = 200
7x - 20 = 200
add 20 to both sides
7x = 220
divide both sides by 7
x = about 31.43
That means the cost of the sweater would be 31.43 - 5 = 26.43
Multiply all terms by 12/1 to get rid of fractions.
8x+2= -9x+12
Add 9x to both sides
17x+2=12
Subtract 2 from both sides
17x=10
Divide both sides by 17
x=10/17
Final answer: x=10/17
