An increase in spending of $25 billion increases real gdp from $600 billion to $700 billion. The marginal propensity to consume must be "4".
<h3>
What do you mean by Marginal Propensity to consume?</h3>
The marginal propensity to consume is refers to as the proportion of any change in income that is spent on consumption.
In economics, this term is used to refer to the measurement made in order to determine consumption when the rent is increased by one unit. This measurement is nothing more than a mathematical relationship to calculate how people invest in consumption or save the income that is increased.
Calculation:
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Answer:
$16,100 favorable
Explanation:
The computation of the direct labor efficiency variance for June is shown below:
= Standard rate × (standard hours - actual hours)
= $23 × (1.3 × 35,000 - 44,800)
= $16,100 favorable
hence, the direct labor efficiency variance for June is $16,100 favorable
The same should be considered and relevant
The primary goal of the financial manager of a profit-seeking organization is to make profits. This will keep the company in a great market position.
Answer: b) $841,666.
Explanation:
Markwell will record the equipment at the present value of the amounts spent to purchase it.
Present value of the cash paid = $175,000
Present value of the noninterest-bearing note after a year = 700,000/(1 + 5%)
= $666,667
Total = 175,000 + 666,667
= $841,667
As per the options;
= $841,666
<span>Top Ramen is a brand of noodles that is widely considered to be an inferior good with a high salt content. What would happen to the equilibrium price and equilibrium quantity of Top Ramen if income went up and the price of salt decreased? If income went up, those who eat Top Ramen may decrease their amount they purchase because Top Ramen is commonly purchased by those who make a smaller amount of money. However, if the price of salt decreased, Top Ramen's price may decrease as well and those who continue to purchase will benefit from paying less money for the Ramen. </span>
