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3 years ago

1a. Suppose that, if their income rises by $100, all households in Normalia raise their spending by $80.

Business

1 answer:

Mila [183]3 years ago

4 0

Answer:

0.2

0.8

2000

Explanation:

Marginal propensity to consume is the proportion of disposable income that is spent on consumption

Marginal propensity to consume = amount consumed / disposable income

Marginal propensity to save is the proportion of disposable income that is saved

Marginal propensity to save = amount saved / disposable income

MPC + MPS = 1

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Pease Answer ASAP. I need help with sources to answer the following question:

cestrela7 [59]

Answer:

No, a college degree can help you earn a better salary but nothing is guaranteed. For example, someone with a college degree earns on average around $50,000 per year, while those with only a high school degree earn around $28,000 (that is almost half of a college graduate).

But the salary you earn is not guaranteed, it might be much higher or it might be zero. If you work hard you might get a raise pretty soon or you can get promoted, but if you are lazy then you can get fired.

The income classification is based on income, not on education. There are people who never graduated from college that are extremely rich, e.g. Bill Gates, Mark Zuckerberg, but they are not the majority. That is why they serve as examples so often. Most rich people actually do have a college degree, but they are rich not because of their college degree, but because of their work.

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3 years ago

Suppose a country has a money demand function ( M/P )^d = kY , where k is a constant parameter. The money supply grows by 12 per

mote1985 [20]

Answer:

Part A)

Inflation Rate = 12% - 4%

Inflation rate = 8%

Part B)

If the genuine income was higher, the expansion level would diminish subject to the buyer's spending limitations. As such, they will make a similar measure of cash yet their buying power per dollar will increase.

Part C)

in the current scenario, increment in cash would cause the expansion rate to increment. On the off chance that we consider the past and occasions, for example, hyperinflation, take a gander at what the reason was. Governments were printing cash to pay obligations, which was diminishing the estimation of their money. Right now, would get paid and race to the store to go through their cash in light of the fact that their dollars today may just be worth 50 pennies tomorrow or at times, the following hour. Thus, our answer is if the speed of cash continues developing, expansion will continue developing also. These two factors are star repetitive with one another significance they move together.

5 0

3 years ago

Frictional unemployment is the result of Group of answer choices

Mrac [35]

Answer:

4. the normal process of jobs being created and destroyed.

Explanation:

Frictional unemployment is unemployment that is related to switching of jobs also called transitional unemployment. It occurs when workers leave jobs and get jobs as a result of normal labor tunover in a healthy economy.

In a growing economy frictional unemployment is the lowest type of employment bad there are abundant opportunities for workers.

Quitting a job is a voluntary type of frictional unemployment, while when an employee bis fired it is involuntary type of frictional unemployment.

8 0

3 years ago

Determine the effect upon equilibrium price and quantity sold if the following changes occur in a particular market:a. Consumers

gtnhenbr [62]

Answer:

Explanation:

a. Consumer’s income increases and the good is normal. Equilibrium price stays same and quantity will rise

b. The price of a substitute good (in consumption) increases. Equilibrium price stays same and quantity sold will rise

c. The price of a substitute good (in production) increases. Equilibrium price stays same and quantity sold will rise

d. The price of a complement good (in consumption) increases. Equilibrium price rises and quantity sold will decline.

e. The price of inputs used to produce the good increases. Equilibrium price rises and quantity sold will decline.

f. Consumers expect that the price of the good will increase in the near future. Equilibrium price rises and quantity sold will also rise.

g. It is widely publicized that consumption of the good is hazardous to health. Equilibrium price declines and quantity sold will also decline.

h. Cost reducing technological change takes place in the industry. Equilibrium price declines and quantity sold will rise.

For each of the pair of events indicated below, perform qualitative analysis to predict the direction of change in either the equilibrium price or equilibrium quantity. Explain why the change is indeterminate.

a. Both a and h conditions occur simultaneously. This will raise the equilibrium since good is now cheaper to produce and consumer has more income to purchase it however effect on price will be dubious.

b. Both d and e conditions occur simultaneously. Equilibrium price rises and quantity will decline.

c. Both d and h conditions occur simultaneously. Dubious effect increase in price of complementary good and reduction in cost due to latest technology will offset each other’s effect and equilibrium will not change if the magnitude of both effects is the same

d. Both f and c conditions occur simultaneously Equilibrium price rises and Equilibrium quantity will also rise.

3 0

3 years ago

Milton Friedman stated in his famous article in The New York Times in 1970 that "the social responsibility of business is to inc

BartSMP [9]

Answer:

In this growing economy and competitive world, it is important for any business to maintain a good customer relationship by providing value to the customers. However, focusing only on profit maximization will not benefit the business in the long run.

Focusing on profit maximizing the profit will benefit the organisation in the short term and the company will only think about business interest keeping the costumers and society interest aside.

Explanation:

8 0

3 years ago