Answer:
The marginal propensity to save is 0.4
Explanation:
The marginal propensity to save is 1 - marginal propensity to consume.
The marginal propensity to consume is the proportion of an increase in income that the consumers will spend from this increased income and the marginal propensity to save is the proportion of the increase in income that will be saved.
The marginal propensity to consume (MPC) = Change in consumption / change in income
The MPC = (2100 - 1500) / (3000 - 2000) = 0.6
Thus, the marginal propensity to save is 1 - 0.6 = 0.4
The percentage profit = 18%
A profit is made on sale with selling price more than the purchasing price. The purchasing price is also known as the cost price.
Given the selling price = $225000
and the purchasing price = $190000
Since the selling price is more than the purchasing price, there is obviously a profit gained.
Now profit amount = Selling price - Purchasing price
= 225000-190000 = $35000
Profit percentage = (Profit / Purchasing price) x 100%
= (35000 / 190000) x 100%
= 18.42%
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Answer: (63, 50, 44)
Explanation:
Utility is the satisfaction that we derive as consumers when we consume or use a certain product.
Since Bundle A is strictly preferred to bundle B, and bundle B is strictly preferred to bundle C, it means that the value of Bundle A must be more than B and C while that of Bundle B must be more than bundle C.
Therefore, the correct option is B which is (63, 50, 44)
Answer:
The correct answer is letter "B": to reach out beyond its familiar research partners and to access R&D carried out globally.
Explanation:
Open innovation is an approach most companies are taking nowadays because of the need for adapting the goods or services they offer to the rapidly changing world we live in where product life cycles are every time shorter. Open innovation allows firms to obtain help from other domestic or international entities contributing to the development of new items or the modification of existing ones to meet consumers' needs.
The producer surplus from selling the additional unit of the product given the selling price and the cost of production is $9.
<h3>What is producer surplus?</h3>
Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product. The least price the producer should be willing to collect is equal to the cost of production
Producer surplus = price – cost of proeuction
$10 - $1 = $9
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