Answer:
c) the incentive structure accompanying market prices.
Explanation:
The invisible hand explains the unintentional social advantages of ego-interested actions of people, a term first proposed by Adam Smith in The Theory of Moral Sentiments, published in 1759, referencing it with respect to the distribution of revenues.Administrators offer multiple incentives, that are bonuses or encouraging variables that push the person to function effectively and in the long term interest of the principal. The incentive structures contain price / referral fees, annual bonuses and compensation for performance
Answer:
Autonomous consumption is <u>$1,000</u> and the marginal propensity to consume is <u>0.9</u>.
A consumer whose income increases by $100 will increase consumption by <u>$90</u>.
Explanation:
Given C = 1000 + 0.9Y
Autonomous consumption refers to consumption expenditure of consumers that does not depend on income. Therefore, autonomous consumption is therefore the consumption expenditure made by the consumers when they do not have income or when income is zero (i.e. when Y = 0).
Substituting for Y = 0 into the consumption function, we can obtain autonomous consumption is follows:
Autonomous consumption = 1000 + (0.9 * 0) = 1,000
The marginal propensity to consume refers to the proportion of the increase in disposable income that is spent on the consumption of goods and services by a consumer. From the consumption function, the marginal propensity to consume is 0.9.
Since marginal propensity to consume is 0.9, a consumer whose income increases by $100 will therefore increase consumption by $90 (i.e. $100 * 0.9 = $90).
Answer:
How are we suppose to know??????
Explanation:
Discretionary meaning is the ability to make decisions based on one’s own judgement and experience. It involves the consideration of many factors, including ethical and moral considerations, and is often used in situations where there is no clear answer or the situation is complex.
What is Discretionary?
Discretionary refers to a decision that is left up to you. You have the choice not to take regular baths; keep in mind, though, that your friends could perhaps disagree together on this. Bathing is a discretionary act. When money isn't set aside for a specific use, it's often referred to as discretionary. How discretionary funds should be used is up to the decision-makers in charge. The word discretion is the root of the word discretionary, which can be defined as "the right to decide stuff based on one's own judgement." If you're given a task to finish at your discretion, you can choose how to do it — as well as whether you want to do it at all.
To learn more about Discretionary
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