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3 years ago

The marginal propensity to consume is the:

Business

1 answer:

erma4kov [3.2K]3 years ago

4 0

Answer: proportion of extra income that is consumed. (D)

Explanation:

The marginal propensity to consume is the proportion of an additional income that an individual consumes.

For example, if a household earns an extra dollar of disposable income, while the marginal propensity to consume is 0.60 this means that at that dollar, the household will spend 60 cents and save 40 cents.

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Suppose a decrease in the supply of wheat results in an increase in revenue. This indicates that Group of answer choices a. the

Rufina [12.5K]

Answer:

The correct answer is c. the resulting increase in price is proportionately greater than decrease in quantity sold.

Explanation:

if supply decreases and the supply curve shifts to the left the equilibrium price is likely to increase. An increase in revenue after an increase in price would mean that an increase in price is proportionately greater than a decrease in quantity sold.

5 0

3 years ago

Nicole is considering opening a Roth Individual Retirement Account. If she invests into the Roth IRA, determine the amount in th

Mamont248 [21]

The future amount in the account (Roth IRA) is equal to: D. $180,488. 86.

<u>Given the following data:</u>

Principal = $4,291

Interest rate = 2.23%

Time = 30 years

To determine the future amount in the account:

Mathematically, the compound interest for this Roth IRA is given by the formula:

$A = \frac{P(1\;+\;r)^t -1}{r}$

<u>Where:</u>

P is the principal.

r is the interest rate.

t is the number of years.

A is the future amount.

Substituting the given parameters into the formula, we have;

$A = \frac{4291(1\;+\;0.0223)^{30} -1}{0.0223}\\\\A = \frac{4291(1.0223)^{30} -1}{0.0223}\\\\A = \frac{4291(1.93798684094 -1}{0.0223}\\\\A = \frac{4291(0.93798684094)}{0.0223}\\\\A = \frac{4024.901534474}{0.0223}$

A = $180,488.86

Read more on compound interest here: brainly.com/question/25263325

6 0

3 years ago

Do you believe that the world has changed for the better, or for the worse?

taurus [48]

I think both, my reasons are, first, we have more technology and better transportation that will help us, like the technology to take and give to others, and the cars and trains ect. to help us to get from one place to another a bit quicker. Also i think worse because of the green house causes, the cars,oil,and other things we use in our everyday life is slowly ruining the planet, ecosystem ect. there are downsides and upsides to both.

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4 years ago

a variable life insurance agent must be licensed and appointed as a life and variable contract agent, as well as an

irina1246 [14]

A variable life insurance agent must be licensed and appointed as a life and variable contract agent, as well as a broker-dealer. This is further explained below.

<h3>What is a broker-dealer?</h3>

Generally, a member of the Stock Exchange who performs the duties of both a broker and a jobber.

In conclusion, An individual who wishes to sell variable life insurance must first get a license and then be designated as a life and variable contract agent in addition to being a broker-dealer.