Answer:
If the marginal propensity to save is 0.12, the marginal propensity to consume(mpc) is 0.88, and the multiplier is 8.33.
Explanation:
From the question, we are given the following:
mps = Marginal propensity to save = 0.12
The marginal propensity to consume (mpc) and the multiplier can therefore be calculated as follows:
mpc = 1 - mps ........................ (1)
Substituting the values for mps into equation (1), we have:
mpc = 1 - 0.12
mpc = 0.88
Also, we have:
Multiplier = 1 / mps ..................... (2)
Substituting the values for mps into equation (2), we have:
Multiplier = 1 / 0.12
Multiplier = 8.33
Therefore, if the marginal propensity to save is 0.12, the marginal propensity to consume(mpc) is 0.88, and the multiplier is 8.33.
Discretionary income is the amount of money remaining from
her income after paying federal taxes, other mandatory charges, and necessary
expenditures for living. In this situation, Emily is earning a gross income of
$97,000. When you deduct her necessary expenditures for mortgage, food, and clothing
in the amount of $37,000 and her federal income taxes in the amount of $24,000
from her gross income, you can get her discretionary income which is $36,000.
Answer:
Work in process = $72,220
Factory Overhead = $1,098
Explanation:
DATA
No. Material Job No. Amount
945 Fiberglass 78 $20,240
946 Plastic 93 $9,890
947 Glue Indirect $1,098
948 Wood 99 $3,622
949 Aluminium 108 $38,468
Required: Amount of materials transferred to Work in Process and Factory Overhead?
Solution
Work in process = sum of all direct material cost
Work in process = $20,240 + $9.890 + $3,622 + $38,468 = $72,220
Factory Overhead = sum of all indirect material cost
Factory Overhead = $1,098
Answer:
b. The wants and needs of individual customers can be more directly targeted
Explanation:
Mass marketing by definition "is the advertising or promotion of a product, good or service to a wide variety of audiences with the expectation of appealing to as many as possible". If we analyze one by one the options we have this:
a. A large pool of potential customers exists.
Thats one of the alternatives in order to use mass marketing in order to indentify potential customers.
b. The wants and needs of individual customers can be more directly targeted.
This one is NOT a method or a way to apply the mass marketing since that's a technique to classify the info from subjects.
c. Scale economies, if achieved, can generate the ability to charge low prices while still remaining profitable.
Thats one alternative that can be applied if we use mass marketing
d. Firms can still differentiate their brands from the competition through creative promotions.
That's one alternative since we can see and create potential customers with this alternative.
e. Scale economies (economies of scale) can potentially be obtained.
For this case is one of the options in order to apply mass marketing since "Economies of scale are cost advantages reaped by companies when production becomes efficient".
