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777dan777 [17]
2 years ago
15

Consider a hypothetical closed economy in which households spend $0.60 of each additional dollar they earn and save the remainin

g $0.40.The marginal propensity to consume (MPC) for this economy is ???, and the spending multiplier for this economy is ???.
Business
1 answer:
Liono4ka [1.6K]2 years ago
8 0

Answer: Marginal propensity to consume = $0.60

              Spending multiplier = $2.5

Explanation: The MPC can be calculated using following equation :-

MPC=\frac{change\:in\:consumption}{change\:in\:spending}

MPC=\frac{\$0.60}{\$1}

               = 0.60

Similarly, we can calculate spending multiplier as :-

Spending\:multiplier\:=\:\frac{1}{1-MPC}

Spending\:multiplier\:=\:\frac{1}{1-0.60}

                                            = $2.5

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Explanation:

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When should a single payment loan be considered?

If your loan amount of money is high, if you choose a single payment, you will pay a lower interest.

You might, for example, save $12,000 and try to spend $10,000 on shopping like a holiday or a bell. You don't want to deplete your savings because you have a single credit for payment. This can save more money in the future you will pay $10,000 for the loan without dropping the bank account.

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2 years ago
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olasank [31]

The correct answer is A. A publisher prevents its employees from using office computers for personal use.

Explanation

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Contracts Capstone 18 of 25Items 36:16 Assignment completion: 72.00% Item 18After selecting an answer, more information on the t
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Answer: The creditor will be able to recover $1,350

Explanation:

The amount that the creditor will be able to recover will be the contract price less the damages for the minor breach by the company.

In this case, the company finished all of the tasks except for the cleaning of the oven. Since this is minor with regards to the contract, the company will be seen to have performed its contract.

Since we are told the cost of finishing the job was 10% of the contract cost, this will be regarded as a minor breach, therefore, the owner of the condominium cannot avoid the payment of the price of the contract price. In this case, the creditor will be able to recover ($1500 - $150) = $1,350.

4 0
2 years ago
Suppose a society begins by producing 3 units of X and 4 units of Y and then alters production to 4 units of X and 4 units of Y.
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Answer:

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3 years ago
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Answer:

<em>Documentary evidence  </em>

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