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Jlenok [28]
2 years ago
11

Suppose that consumption is $500 and that the marginal propensity to consume is 0.6. If disposable income increases by $1,000, c

onsumption spending will increase by A. $600 B. $ 3,000 C. $1,360 D. $ 3,750 E. $1,666.67
Business
1 answer:
Lynna [10]2 years ago
8 0

Answer:

A. $600

Explanation:

The formula and the computation of the Marginal propensity to consume are shown below:

Marginal propensity to consume =  Change in consumer spending ÷ Change in disposal income

0.6 = Change in consumer spending ÷ $1,000

So, the change in consumer spending is

= $1,000 × 0.6

= $600

Hence, the consumption that is given in the question is not considered. Therefore, ignored it

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Your will, determination, your passion for doing a particular thing should decide the career you should opt for.

<u>Explanation:</u>

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Feb 13

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What is a Drop-down menu?

A drop-down list (abbreviated drop-down, or DDL; also known as a drop-down menu, drop menu, pull-down list, picklist) is a graphical control element, similar to a list box, that allows the user to choose one value from a list.

When a drop-down list is inactive, it displays a single value. When activated, it displays (drops down) a list of values, from which the user may select one.

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To learn more about Drop-down menu: brainly.com/question/17116743

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8 0
1 year ago
Alfred, a trader at the New York Stock Exchange (NYSE), executes the decisions made by investors and takes action based on reque
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Answer:

Capital Market

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2 years ago
Give the six steps involved in the decision making process​
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Answer:

DECIDE

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Answer:

a. enhances the effectiveness of the advertisement.

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