Answer: The answer is $ 1 billion.
Explanation:
MPC stands for the marginal propensity to consume.
If MPC is 9 it implies that the multiplier is 10 i.e 1/(1-0.9). The rise in aggregate demand is equal to multiplier times change in government expenditures so to boost aggregate demand by 10 billion dollar government has to increase expenditure by Dollar 1 billion.
Answer:
pat should drive if saving half an hour is worth $0.50 or more
Explanation:
Marginal cost is the additional cost generated by producing an additional unit of output.
Marginal cost of taking the bus = 1 / 2 = 0.50
Marginal utility is the additional utility derived from consuming one more unit of a good
Marginal utility per good = marginal utility / price of the good
Pat should take the action that would yield him the highest utility given the marginal cost
So,pat should drive if saving half an hour is worth $0.50 or more
Explanation:
Financial health of the company.
Company's brand value.
Work culture and environment.
wages and salary ofc
Answer:
1/3
Explanation:
What is the size of MRSTO = 1 /3
The marginal rate of substitution calculates the rate at which a consumer would give up a unit of one good in exchange for one unit of another good while maintaining the same level of utility.
Savings account cause you will save money for the future
