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KIM [24]
3 years ago
8

Scenario 34-1. Take the following information as given for a small, imaginary economy: When income is $10,000, consumption spend

ing is $6,500. When income is $11,000, consumption spending is $7,250. Refer to Scenario 34-1. The marginal propensity to consume (MPC) for this economy is
Business
1 answer:
laiz [17]3 years ago
6 0

Answer:

0.75

Explanation:

Marginal Propensity to Consume (MPC) is the change in consumption due to change in income

Change in consumption = $7,250 - $6,500 = $750

Change in income = $11,000 - $10,000 = $1,000

MPC = Change in consumption / Change in income

MPC = 750 / 100

MPC = 0.75

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luda_lava [24]

Answer:

The answer is: reciprocal concessions technique

Explanation:

Reciprocal concessions (or Door in the face) technique is used by an individual (Anya) that tries to persuade or convince someone else (parent) to comply with a large request ($5,000) knowing that their request will probably be rejected. Then they make a second, more reasonable, request that the other party is more likely to accept or agree ($500).

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Does 16 mean no too?

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3 years ago
Belarus has a comparative advantage in the production of linen, but Russia has an absolute advantage in the production of linen.
kodGreya [7K]

Answer: Option (a) is correct.

Explanation:

A country has a comparative advantage in producing a commodity if the opportunity cost of producing that commodity in terms of other commodity is lower than the other country.

A country has a absolute advantage in producing a commodity whose production require less number of resources than the other country.

A country exports the commodity in which it has a comparative advantage and imports commodity in which it has a comparative disadvantage.

Therefore, if both the countries decide to trade then Belarus should export linen to Russia.

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4 years ago
If the price elasticity of demand for insulin is equal to zero then the demand curve for insulin is?
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If the price elasticity of demand for insulin is equal to zero then the demand curve for insulin is - vertical

The demand curve is a graphical illustration of the connection between the price of a good or carrier and the amount demanded for a given period of time. In a standard representation, the rate will seem at the left vertical axis, the quantity demanded at the horizontal axis.

the demand curve, in economics, is a graphic representation of the relationship between product charge and the amount of the product demanded. it is drawn with the rate at the vertical axis of the graph and the amount demanded on the horizontal axis.

The demand curve can be an essential device to apply while companies make pricing decisions. this is because the demand curve can display the price factor wherein the customer responsiveness drops, in addition to the rate point that elicits the highest demand.

Learn more about the demand curve here

brainly.com/question/16790743

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2 years ago
Fargo Inc. is a carbonated beverage manufacturer that has many manufacturing plants around the world. It is planning to shift fr
Aleksandr [31]

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For it's natural environment.

Explanation:

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4 years ago
Read 2 more answers
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