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poizon [28]
3 years ago
5

Scenario 34-2. The following facts apply to a small, imaginary economy. • Consumption spending is $6,720 when income is $8,000.

• Consumption spending is $7,040 when income is $8,500. Refer to Scenario 34-2. The marginal propensity to consume for this economy is Group of answer choices 0.840. 0.83. 0.64. 0.56.
Business
1 answer:
Temka [501]3 years ago
3 0

Answer:

0.64

Explanation:

Marginal propensity to consume is given by the ratio of the change in consumption spending to the change in income.

In this scenario, the change in consumption spending is:

\Delta CS = \$7,040-\$6,720\\\Delta CS = \$320

The change in income is:

\Delta I = \$8,500-\$8,000\\\Delta CS = \$500

The marginal propensity to consume for this economy is:

MPC=\frac{\Delta CS}{\Delta I}=\frac{\$320}{\$500} \\MPC =0.64

The answer is 0.64.

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Vilka [71]

Incomplete question. However, it would be inferred you want to know the requirements to calculate net income.

<u><em>Explanation</em></u>:

Remember, net income is total revenue minus total cost. Since Apple anticipates selling 100,000 units, if we assume the fixed cost to be $2,400 and the variable cost $34, and selling price unit is $150.

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The Net income is therefore $11,600,000.

7 0
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OLEGan [10]
The answer is ‘not necessarily. Jerry has the ability to buy a new car, but we don't know if he also has the willingness to buy a new car.’ Because willingness goes hand in hand with this scenario. Many people has the ability to buy things since they have the money for it but unfortunately, the lack the willingness to buy something can affect this scenario. If he lacks willingness, he won't able to buy the new car. The question here is, is he willing to buy the car?
3 0
3 years ago
Increased flexibility in scheduling has become an important benefit for employers to offer because of:
Katyanochek1 [597]

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KatRina [158]
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6 0
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Answer:

The option for this question are the following:

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The problem we had when we talked about feedback was that it focused on aspects of the past. Communication was thought of as something of the moment, without determining an intention to take it to another level. The ‘feed’ forward would come into play here.

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8 0
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