Your department store receipt says that you pay a 5% sales tax on sports equipment. this sales tax is an example of a

assume that autonomous consumption is $1610 billion and disposable income is $11,200 billion. Using the consumption function, ca

Viefleur [7K]

Answer: $9,226

Explanation;

The consumption function is;

Consumption = Autonomous consumption + (Marginal Propensity to consume * Disposable income)

Marginal Propensity to Consume;

=Increase in consumption expenditure/ Increase in Disposable income

= 680/1,000

= 0.68

Consumption = Autonomous consumption + (Marginal Propensity to consume * Disposable income)

= 1,610 + ( 0.68 * 11,200)

= $9,226

6 0

3 years ago

PUILPie CIUILE QUSLU11 00

adell [148]

Answer:

The journal entry to record the issuance of new stocks is:

Dr Cash 164,800

Cr Common stock 72,100

Cr Additional paid in capital in excess of par value 92,700

When you issue new stocks, the common stock account increases by par value (= 10,300 stocks x $7). Any money obtained over par value must be recorded under the additional paid in capital account (= 10,300 x $9).

4 0

3 years ago

From before the financial crisis began in September of 2007 to when the crisis was over at the end of 2009, amount of Federal Re

alexandr402 [8]

Answer: The correct answer is choice A - a huge increase in the monetary base.

Explanation: From before the financial crisis began in September of 2007 to when the crisis was over at the end of 2008, the amount of Federal Reserve assets rose, leading to a huge increase in the monetary base.

4 0

4 years ago

A company received 500 applications for a specific position.30 were given an assignment test. Only 15 were invited to an intervi

morpeh [17]

I think c might be wrong tho

4 0

3 years ago

extreme weather in new york, where the super bowl is scheduled to be played, makes people disinterested in purchasing super bowl

alexira [117]

The following scenarios would place a downward pressure on price:

.The Nile River floods this year add an exceptional amount of silt to the soil, resulting in increased crops of cotton.
An outbreak of mad cow disease causes Americans to abstain from eating beef.
Extreme weather in New York, where the Super Bowl is scheduled to be played, makes people disinterested in purchasing Super Bowl tickets.

The following scenarios would place a downward pressure on price:

An impending unclear holocaust causes people to stock up on twonkies, a popular snack cake provided by many companies

<h3>What would lead to either a upward or downward pressure on price?</h3>

There is an upward pressure on price if demand increases or supply reduces. There is a downward pressure on price if demand decreases or supply increases.

As a result of the slit, there would be an increase in the supply of cotton. This would lead to an downward pressure on price. The mad cow disease would lead people to demand less beef. This would lead to an downward pressure on price. The extreme weather would lead to people not coming for the game. This would lead to an downward pressure on price.

Due to the expectation of the holocaust, there would be an increased demand for twonkies. This would lead to an upward pressure on price.

Here is the complete question:

Decide whether each scenario would lead to upward or downward pressure on the equilibrium price for each good in bold font.

1.The Nile River floods this year add an exceptional amount of silt to the soil, resulting in increased crops of cotton.

2.An outbreak of mad cow disease causes Americans to abstain from eating beef.

3. Extreme weather in New York, where the Super Bowl is scheduled to be played, makes people disinterested in purchasing Super Bowl tickets.

4. An impending unclear holocaust causes people to stock up on twonkies, a popular snack cake provided by many companies

For more information about the change in demand, please check: brainly.com/question/25871620

#SPJ1

3 0

2 years ago