The marginal propensity to consume tells us by how much consumption expenditure changes when disposable income changes.
<h3>What is marginal propensity?</h3>
In economics, the marginal propensity to consume (MPC) is defined as the proportion of an aggregate raise in pay that a consumer spends on the consumption of goods and services, as opposed to saving it.
<h3>What is the MPC and MPS?</h3>
Key Takeaways. The marginal propensity to save (MPS) is the portion of each extra dollar of a household's income that's saved. MPC is the portion of each extra dollar of a household's income that is consumed or spent.
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Answer:
amount invested at rate 3 % is $20000
and amount invested at rate 2.75 % is $80000
Explanation:
given data
interest = 3%
four times = 2.75%
total annual income from interest = $2800.
solution
we consider here part of money p1 = x
rate r1 = 3%
and
4 time money p2 = 4x
rate r2 = 2.75 %
so we apply interest formula that is
interest = Principal×Rate×Time
2800 = { x × 0.03 × 1 } + { 4x × 0.0275 × 1 }
solve it we get
x = 20,000
and
and 4x will be = 4 × 20,000 = 80,000
so here
amount invested at rate 3 % is $20000
and amount invested at rate 2.75 % is $80000
A seller in connection with a real estate closing is itemized in the Closing Disclosure.
<h3>What is TRID?</h3>
The Consumer Financial Protection Bureau (CFPB) has implemented a set of regulations called TRID in an effort to close some of the gaps that dishonest lenders have previously used to deceive customers. The mortgage information that lenders must offer to borrowers and when they must do so are governed by TRID regulations. TRID regulations also set limits on the fees that lenders may impose and how those costs may alter as a mortgage matures.
The program's goal is to assist borrowers in selecting a mortgage lender who will act in their best interests by helping them comprehend their available mortgage options. When they give you a mortgage or give you an estimate, all mortgage lenders must as of 2015 abide by TRID regulations.
Because they cover material that customers should read and comprehend before making an offer on a home and agreeing to monthly loan payments, TRID guidelines are also frequently referred to as "Know Before You Owe" laws.
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Answer:
The correct option is is A, predatory pricing
Explanation:
Predatory pricing is an illegal approach to pricing where a firm fixes a very low price in order to send competitors out of business.
This is very applicable to a firm that has economies of scale where its cost per unit reduces as more and more units are produced, making it possible to undercut competitors without feeling much impact in profitability.
This approach is against the anti-trust law as it paves for a monopoly market,where only one firm operating in the market determines the price which is not likely to be favorable to consumers
Answer:
<em>A differentiated market</em>
Explanation:
<em>Whenever a business produces initiatives that cater to at least two product categories or targeted groups, a differentiated marketing strategy is applied</em>.
For instance, a retailer may encourage a purchase in at least two towns or locations that caters to people, or even a business can market a brand which appeals to women in at least two age categories.
