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3 years ago

If income increases by $100 and consumption increases by $75, the slope of the consumption function equals _____.

Business

1 answer:

Rainbow [258]3 years ago

8 0

Answer:

3/4

Explanation:

The marginal propensity to consume mpc, is the slope of the consumption function and it is what this question requires us to find

We have income increase to be = 100 dollars

Then consumption increase = 75 dollars

MPC = increase in consumption ,75/increase in income 100

= 75/100

= 3/4

Therefore the marginal propensity to consume also called the slope is 3/4

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When businesses form voluntary, collaborative partnerships with environmental organizations and regulators to achieve specific o

Dahasolnce [82]

Answer: Environmental partnerships.

Explanation:

It is important to understand that for most and all business to thrive there have to be an enabling environment for that to happen. Environment play a key or major role to the growth of any business and as such most business pay keen attention to their environment and do every means to ensure it is vulnerable for them to operate well. The partnership between organizations and seeking a operational environment to do their business is known as environmental partnership.

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3 years ago

Suppose that the total utility from consuming one unit of good X is 54 utils, the total utility of two units of good X is 74 uti

mars1129 [50]

Answer: a. 10 utils

Explanation: The marginal utility from consumption of the third unit of goods is gotten by taking the difference between the total utility derived from three units of goods and the total utility derived from two units of goods.

Total utility from three units = 84 utils

Total utility from two units = 74 utils

84 - 74 = 10 utils which is the marginal utility of the third unit.

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3 years ago

______ refers to changes in behavior, cognitions, values, language, cultural activities, personal relational styles, and beliefs

sergeinik [125]

Answer:

2. acculturation

Explanation:

Acculturation -

It is process where the cultural , psychological and social changes are balanced between any two cultures , which adapting the prevailing one in the society , in referred to as acculturation.

In this method , the people adapts to a particular new culture of the society.

In order to learn and adapt and live along with the society .

The people actively tries to adapt to the new prevailing culture by increasing participation.

Hence , from the given information of the question,

The correct term is acculturation.

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3 years ago

If a journal entry and posting for the use of one month of rent from the prepaid rent account during the year is accidently omit

tensa zangetsu [6.8K]

Answer:

Expenses will be understated, hence, Net Income will be overstated.

Rent prepaid will be overstated, hence, current assets will be overstated.

Explanation:

Ordinarily, rent prepaid is meant to be credited every month to the tune of the the value that has been consumed and then added to period expenses to reduce net income.

In the statement of Financial Position, the same amount that has been consumed should be used to reduce balance in rent prepaid account, otherwise, current assets will be overstated if no adjustment is made.

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3 years ago

UP Forklifts sells two products, large forklifts and small forklifts. A large forklift sells for $80,000 per unit with variable

Pepsi [2]

Answer:

The break-even point in total units is 70

Explanation:

Particulars Large Fork Lift Small Fork Lift Total

Selling price Per Unit $80,000 $60,000

Less: Variable Cost Per Unit $24,000 $11,000

Contribution per unit $56,000 $49,000

Sales Mix 1 4

Total Contribution per $56,000 $196,000 $252,000

sales mix

Contribution per unit of sales mix ($252000/5) $50,400

Fixed Costs $3,528,000

Break-even point in total units ($3,528,000 / 50,400) 70

6 0

3 years ago