honestly you would need all of them because they are very important to have as you get older
I believe your answer would be C. Speech and Debate. Being a lawyer requires lots of debate, and speech to support your answer and make it more clear.
Answer:
The Marginal Propsensity to Consume is four-fifths
Explanation:
To answer the question, an indirect approach must be used.
- First, we are given data on disposable income and Savings, it is, therefore, easy to assume that we are to calculate the Propensity to Save.
- The Formula for calculating the Propensity to Save is: Change in Savings /Change in Income.
- Change in Savings: $300-$200= $100
- Change in Income: $1,700-$1,200=$500
- MPS= $100/$500= One-fifth
- But hold on: One-fifths Marginal propensity to save is not part of the options, so we continue:
- If Marginal Propensity to Save is One-Fifths, then based on a formula the Marginal Propensity to Consume is the balance of the Subtraction of One-Fifths from One:
- The Marginal Propensity to Consume is therefore four-fifths.
Note:
- If the data given was increase in consumption instead of savings then we would have directly calculated Marginal Propensity to Consume= Change in Consumption/Change in Income or
Answer:
Present Value of the Investment is $17246.
Explanation:
The Discounting formula would be used to discount the future value $20,000 at the required rate of 2.5% for 6 number of years. So the formula is as under:
Present Value = Future Value / (1+r)^n
By putting values, we have:
Present Value = $20,000 / (1+2.5%)^6 = $20000 / 1.120 = $17246
Dawson must invest now $17246 to receive $20000 after 6 number of years.
On a spreadsheet there are two types of variables independent and dependent. Independent variables refer to those that can be changed and their value that is changing. A dependent variable is something that remains the same and the value of it does not change.
