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natali 33 [55]
3 years ago
15

Suppose disposable income increases by $2,000 . As a result, consumption increases by $1,500 . Answer the questions based on thi

s information. Where appropriate, enter your answer as a decimal rather than as a percentage.
The increase in savings resulting directly from this change in income is:_______
The marginal propensity to save (MPS) is:_________
Business
1 answer:
zlopas [31]3 years ago
8 0

Answer:

The increase in savings resulting directly from this change in income is $500

The marginal propensity to save (MPS) is 0.25

Explanation:

In order to calculate The increase in savings resulting directly from this change in income we would have to make the following calculation:

increase in savings resulting directly from this change in income= increase in income - increase in consumption

increase in savings resulting directly from this change in income= $2,000 - $1,500

increase in savings resulting directly from this change in income=$500

The Marginal propensity to save = increase in savings/increase in income =

Marginal propensity to save = $500/$2.000

Marginal propensity to save =0.25

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3 years ago
Krepps Corporation produces a single product. Last year, Krepps manufactured 20,000 units and sold 15,000 units. Production cost
slega [8]

Answer:

Under variable costing, the company's net operating income for the year would be $60,000 lower than under absorption costing.

Explanation:

The computation of the operating income under variable costing is shown below:

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5 0
3 years ago
What is demand in marketing?
solniwko [45]

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5 0
3 years ago
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Inez was content with her job at Pieces Packaging until the company added two levels of supervision, lowered bonuses, and decrea
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Answer:

hygiene

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I hope you find this information useful and interetsing! Good luck!

3 0
3 years ago
Ramon, a single taxpayer with no dependents, has adjusted gross income for 2018 of $98,000 and his itemized deductions total $19
amid [387]

Answer:

taxable income is $79000

Explanation:

given data

gross income = $98000

deduction = $19000

to find out

taxable income

solution

we know taxable income is calculated as

taxable income = gross income - deduction  ....................1

here personal exemption is not claim in 2018 taxes

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put here value in equation 1

taxable income = 98000 - 19000

taxable income = 79000

so taxable income is $79000

6 0
4 years ago
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