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3 years ago

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

Business

1 answer:

Vlad [161]3 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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Magic Realm, Inc., has developed a new fantasy board game. The company sold 47,500 games last year at a selling price of $67 per

vekshin1

Answer:

See the explanation below.

Explanation:

Magic Realm, Inc. Contribution Income Statement for last year

Details Total ($) Per Unit ($)

Sales revenue (47,500 × $67) 3,182,500 67

Variable cost (47,500 × $47) (2,232,500) (47)

Contribution 950,000 20

Fixed expenses (855,000)

Net operating expenses 95,000

6 0

3 years ago

Select the correct answer.

atroni [7]

Answer:

D. to claim qualified expenses such as deductions or credits

Explanation:

To find - What is the purpose of a 1098 tax form?

Solution -

The correct option is - D. to claim qualified expenses such as deductions or credits

Reason -

Form 1098 T tuition statement is an american IRS tax form filed bu eligible educational institutions(or those filing on the institutional's behalf)

To report payments received and payments due from the paying students.

The institution has to report a form for every student that is currently enrolled and paying qualifying tuition and related expense.

7 0

3 years ago

Which of the following is likely to increase a country's gross domestic product (GDP)?

antiseptic1488 [7]

Answer: In macroeconomics, gross domestic product (GDP) is a macroeconomic magnitude that expresses the monetary value of the production of goods and services of final demand of a country or region during a determined period, normally one year or quarterly.

GDP can be measured by adding up all the final demands for goods and services in a given period. In this case, the destination of the production is being quantified. There are four major areas of spending: household consumption (C), government consumption (G), investment in new capital (I) and the net results of foreign trade (exports-imports).

And it can also be measured by adding the income of all the factors that contribute to the production process, such as wages and salaries, commissions, rents, copyrights, fees, interests, profits, etc. The GDP is the result of the calculation by means of the payment to the factors of the production. All this, before deducting tax.

Thus the statements "b. An increase in Social Security expenses" as government expenses, "c. An increase in retirement and pension benefits to elderly citizens" as subsidies or transfers, and " d. An individual receiving an annual performance bonus of $5,000" as financial interest are likely to increase a country GDP.

3 0

3 years ago

Read 2 more answers

A consulting firm has two departments, Corporate and Government. Computer support is common to both departments. The cost of com

coldgirl [10]

Answer:

Total cost for Corporate = $5,729,015

Total cost for Government = $6,720,985

Explanation:

The computation of Fixed and Variable of corporate and government is given below:-

Fixed cost allocated for Corporate = Fixed computer costs × Number of consultant of Corporate ÷ Total number of consultant

= $9,950,000 × 125 ÷ (125 + 175)

= $9,950,000 × 125 ÷ 300

= $4,145,833

Fixed cost allocated for Government = Fixed computer costs × Number of consultant of Government ÷ Total number of consultant

= $9,950,000 × 175 ÷ (125 + 175)

= $9,950,000 × 175 ÷ 300

= $5,804,167

Variable cost = Total cost - Fixed cost

= $12,450,000 - $9,950,000

= $2,500,000

Variable cost allocated for Corporate = Variable cost × Gigabytes of Storage for Corporate ÷ Total Number of Gigabytes of Storage

= $2,500,000 × 104,300 ÷ (104,300 + 60,400)

= $2,500,000 × 104,300 ÷ 164,700

= $1,583,182

Variable cost allocated for Government = Variable cost × Gigabytes of Storage for Government ÷ Total Number of Gigabytes of Storage

= $2,500,000 × 60,400 ÷ (104,300 + 60,400)

= $2,500,000 × 60,400 ÷ 164,700

= $916,818

Total cost for Corporate = $4,145,833 + $1,583,182

= $5,729,015

Total cost for Government = $5,804,167 + $916,818

= $6,720,985

8 0

3 years ago

For July, White Corporation has budgeted production of 6,000 units. Each unit requires 0.10 direct labor-hours at a cost of $8.5

Sedbober [7]

Answer:

d) $5100

Explanation:

Simply calculate per unit labor cost.

This can be done as follows

Per unit labor cost = hours used by unit * per hour rate

So, Cost = 0.1 * 8.50 = $0.85/ labor cost per unit produced.

Now multiply per unit cost with total units budgeted

Total Labor budget = 6000 * 0.85 = $5,100

Hope that helps.

6 0

3 years ago