Rock Bottom Gold Company recently repurchased 7 million shares of its common stock for $47 per share. The intent of the repurcha
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An increase in spending of $25 billion increases real gdp from $600 billion to $700 billion. The marginal propensity to consume must be "4".
<h3>What do you mean by Marginal Propensity to consume?</h3>The marginal propensity to consume is refers to as the proportion of any change in income that is spent on consumption.
In economics, this term is used to refer to the measurement made in order to determine consumption when the rent is increased by one unit. This measurement is nothing more than a mathematical relationship to calculate how people invest in consumption or save the income that is increased.
Calculation:
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Answer:
It will produce 1,500 espresso
and 1,800 food processors
Explanation:
As the espresso provides more contribution per machine hours is better to first fullfil the demand for this product:
1,500 espresso / 3 per hous = 500 hours on espresso
1,400 - 500 = 900 hours to produce food processors
outcome: 900 x 2 = 1,800 units