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andrew-mc [135]
3 years ago
6

The consumption function shows the relationship between consumption spending and _______. The slope of the consumption function

is the _________. Changes in consumption can be predicted by multiplying the change in _______ by the If the MPC
Business
1 answer:
Stella [2.4K]3 years ago
6 0

Answer:

Consumption Function : Relationship between Consumption Spending & Income

Consumption Function Slope = Marginal Propensity Curve  (MPC)

Change in Consumption = Change in Income X MPC

Explanation:

Consumption Function is the curve representing relationship between Consumption spending and Income.

C = a + bY ; where :- C = Consumption , Y = Income ,  a = Autonomous Consumption i.e consumption at 0 level of income , b = MPC i.e additional consumption consumed from additional income = ΔC / ΔY

b = MPC i.e change in C due to additional change in Y = ΔC / ΔY is the slope of Consumption Function

MPC = ΔC / ΔY .

So, change in consumption i.e ΔC = MPC X ΔY  

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At the beginning of Year 1, a company reported a balance in common stock of $166,000 and a balance in retained earnings of $66,0
Vinil7 [7]

Answer:

Explanation:

1.

Shareholders equity = Common stock + Retained earnings

Beg. balance = Common stock+Retained earnings = 166,000 + 66,000 = 232,000

Statement of shareholder's equity

Beg balance 232,000

Issuance of common stock  56,000

Add: Net Income 46,000

Less: Dividends 11,600

End balance 322,400

Balance sheet

There is not information for preparation of balance sheet but following is the layout:

Assets:

Cash

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Liabilities:

Accounts payable

Salaries

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Stockholder's equity:

Common stock 222,000 [166,000+56,000]

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Total 334,000

6 0
3 years ago
A decrease in the number of sellers in the market causes
Arte-miy333 [17]

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Thus, a change in these factors has an impact on the supply curve, which marks the relationship between prices and quantity, in the case of the number of sellers, as the number decreases, so will the quantities available, so the curve would experience a <em>movement to the left</em>.

Answer

(A) the supply curve to shift to the left.

5 0
3 years ago
When it comes to project prioritization, senior management is responsible for?
uranmaximum [27]
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4 0
4 years ago
Which of the following is an example of specialization?(APEX)
sasho [114]

Answer:

B. Pediatrics

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Specialization means focusing on one or a few areas of study, work, or production. A business or an individual concrete on the field where they have a comparative advantage. Specialization increases efficiency as the individual become experts in a particular area. As experts, their productivity increase as they use few resources to achieve a high standard of performance.

Pediatric is a specialized branch of medicine that caters to children. A pediatrician is an expert doctor focusing on treating children, which is specialization.  A hospital, a general practitioner, and an organization are broad terms that don't point a specific line of activity.

4 0
3 years ago
Read 2 more answers
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sertanlavr [38]

Answer:

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