The most obvious benefit of specialization and trade is that they allow us to: <span>Consume more goods than we otherwise would be able to consume
When we do specialization, we could produce the goods that provide competitive advantage for us so we can produce that goods in a huge amount.
After that, we can trade the goods with other goods (which gives competitive advantage to other country) and trading countries could consume goods on a huge amount.</span>
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:
investment in FedEx = 4410000
Unrealized holding gain = 420000
Explanation:
given data
FedEx common stock = 42,000 shares
market value = $95
market value = $105
to find out
what amount will it be reported in the 2019 balance sheet
solution
we know that It is coming under available for sale security since the shares hold is less than majority of outstanding shares
and here
investment in FedEx =42,000 × 105
investment in FedEx = 4410000
and
Unrealized holding gain is = ( 105 - 95 ) × 42000
Unrealized holding gain = 420000
Answer:
Use the IRS Get My Payment tool to track stimulus money
For the third stimulus check: It's worth visiting the IRS' online portal designed to track the status of your 2021 payment. Generally, it should tell you when your check will be processed and how you'll receive it: for example, as a paper check in the mail.
Explanation:
