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Nookie1986 [14]
2 years ago
14

If the MPC is 0.60 and disposable income decreases from $11,000 billion to $10,000 billion, savings will decrease by

Business
1 answer:
marissa [1.9K]2 years ago
3 0

Answer:

the decrease in the savings is $600 billion

Explanation:

The computation of the decrease in the savings is shown below;

The difference in the income is

= $11,000 billion - $10,000 billion

= $1,000 billion

Now the decrease in the savings is

= 0.60 × $1,000 billion

= $600 billion

Hence the decrease in the savings is $600 billion

The same is to be considered and relevant

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Solving for dominant strategies and the Nash equilibrium
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Question Completion:

Matrix payoff:

                                              Sharon

                                  Left              Right

Paolo     Left              8,  3             4,   4

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Answer:

The only dominant strategy in this game is for ___Paolo______ to choose ____Right______.

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Explanation:

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b) The Nash Equilibrium concept determines the optimal solution in a non-cooperative game in which each player (e.g. Paolo and Sharon) lacks any incentive to change their initial strategies. This implies that each player can achieve their desired outcomes by not deviating from their initial strategies since each player's strategy is optimal when considering the decisions of the other player.

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3 years ago
The outdoor clothing company Patagonia, Inc. pledges one percent of the company's annual revenue to environmental causes around
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g "If the unit sales price is $16, variable costs are $4 per unit and fixed costs are $14,000, how many units must be sold to ea
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Answer:

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Explanation:

Income = Total revenue - Total cost

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total Fixed cost = $14,000

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Q = 14,500

I hope my answer helps you

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