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riadik2000 [5.3K]
3 years ago
10

Suppose that when disposable income decreases by $2,000, consumption spending increases by $1500. Given this information, we kno

w that the marginal propensity to consume (MPC) is
Business
1 answer:
sdas [7]3 years ago
4 0

Answer:

the marginal propensity to consume is 0.75

Explanation:

The computation of the marginal propensity to consume is shown below:

MPC = Change in consumption ÷Change in disposable income

where,

The Change  in consumption is 1500

ANd, the Change in disposable income is 2000

So,

MPC is

= $1,500 ÷ $2,000

= 0.75

hence, the marginal propensity to consume is 0.75

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3 years ago
Current Attempt in Progress
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Answer:

units

Explanation:

                                                            Units   Unit Cost      Total Cost

April 1 inventory                                    250  $28      $ 7,000  

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April 23 purchase                                  400        36       14,400

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4 0
3 years ago
Ned is a head of household with a dependent son, Todd, who is a full-time student. This year Ned made the following expenditures
UNO [17]

Answer: D. $600 included in Ned's medical expenses

Explanation:

The amount that Ned can include in his itemized deductions will be the $600 that's included in Ned's medical expenses.

It should be noted that the medical expenses will be under the itemized deductions. On the other hand, the other options will be under the miscellaneous itemized deductions. Therefore, the correct option is D.

5 0
3 years ago
A company took delivery of $50,000 of new inventory and agreed to pay cash to the supplier within 30 days. Which of the followin
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Answer:

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Explanation:

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Since the inventory is a purchase which increases the inventory so the respective account is debited and the account payable is credited as its increases in current liabilities

So, no impact on total stockholders

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B. Paying of your entire credit card balance can lower your credit score.

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