Act accordingly to the country's situation.
Thta is true. Radical innovation has a significant effect on the market and on the economic activity of the firms in the market. Something that is false about radica innovation is that are evolutionary applications of novel ideas within existing paradigms and that is not true. We can say that this innovation <span>is an invention that destroys or supplants an existing business model.</span>
30 times 80 equal 2400.then 2400 divide by 100 equal 24.now there's your answer.
Answer:
1. The increase in savings resulting directly from this change in income is $500
That is
Increase in savings = Increase in income minus increase in consumption
= 2000 - 1500
= $ 500
2.The marginal propensity to save (MPS) is calculated by dividing the change in savings by the change in income.
That is
ΔS/ ΔY,
Therefore given
Change in savings =ΔS =$500
Change in income =ΔY = $2000
MPS = 500/2000
MPS = 0.25
3.The marginal propensity to consume (MPC) is calculated by dividing change in consumption by changes in come.
That is ΔC / ΔY
Where ΔC = 1500
ΔY = 2000
Therefore MPC = 1500/2000
= 0.75
1. The increase in savings resulting directly from this change in income is $