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UkoKoshka [18]
2 years ago
7

if the marginal propensity to save is 0.12 the marginal propensity to consume(mpc) is the multiplier is

Business
1 answer:
Vlad [161]2 years ago
8 0

Answer:

If the marginal propensity to save is 0.12, the marginal propensity to consume(mpc) is 0.88, and the multiplier is 8.33.

Explanation:

From the question, we are given the following:

mps = Marginal propensity to save = 0.12

The marginal propensity to consume (mpc) and the multiplier can therefore be calculated as follows:

mpc = 1 - mps ........................ (1)

Substituting the values for mps into equation (1), we have:

mpc = 1 - 0.12

mpc = 0.88

Also, we have:

Multiplier = 1 / mps ..................... (2)

Substituting the values for mps into equation (2), we have:

Multiplier = 1 / 0.12

Multiplier = 8.33

Therefore, if the marginal propensity to save is 0.12, the marginal propensity to consume(mpc) is 0.88, and the multiplier is 8.33.

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If you put $50 in a savings account that paid 10% compounded yearly, how much interest would you earn in 3 years?
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Answer:

$66.55

Explanation:

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3 years ago
Cullumber Manufacturing Company purchased 14600 switches to make 6300 units. The standard allows for 2 switches per unit. The co
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Answer:

d. $1,875 unfavorable

Explanation:

Direct material quantity variance is computed as;

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3 0
3 years ago
A salary owed to employees is an example of an accrued expense <br> a. True <br> b. False
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<span>a. True

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SoldByAir provides drone services to the real estate industry, both residential and commercial. The purchasing manager is gettin
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Answer:

The indifference point is 22,381 hours a year.

Explanation:

Giving the following information:

SecureAll:

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In house:

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Variable costs= $21 an hour

First, we need to structure the cost formula for each option:

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Now, to calculate the indifference point, we need to equal both formulas and isolate X:

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3 years ago
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