Given:
ΔY = $5,000, the change in income
ΔS = 50,000 - 54,000 = - 4,000, the change in savings.
By definition,
MPS (Marginal Propensity to Spend) is
MPS = ΔS/ΔY = -4000/5000 = -0.8
The relation between MPS and MPC (Marginal Propensity to Consume) is
MPS + MPC = 1.
Therefore
MPC - 0.8 = 1
MPC = 1.8
Answer:
MPS = 0.8
MPC = 1.8
Using penetration pricing, a company initially charges a low price, both to discourage competition and to grab a sizeable share of the market.
In order to attract customers, the penetration pricing approach entails launching a new good or service at a cheap price. Gaining market share and aggressively attracting clients through low costs are the objectives. In a pricing strategy known as penetration pricing, a product's price is first set very low to quickly reach a large portion of the market and spread word of mouth. The tactic relies on the notion that consumers will transfer to the new brand as a result of the price reduction.
When companies launch a low price for a brand-new good or service, this is known as penetration pricing. Competitors are compelled to match the offer or immediately implement alternative techniques since the first price undercuts it. Customers of rivals could switch to the less expensive product.
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The correct answer is the syndicated panels. Syndicated
panels are responsible for collecting and selling common pools of data, they
made used of unit of measurements and they obtain their data through surveys,
electronic scanner services and diary panels. In addition, they obtain
institutional data from wholesalers, industrial firms and even retailers.
Answer:
The answer is $2,225,000
Explanation:
Cost of acquisition is $1,775,000
Meyer company's share of net income in Gannon corporation:
60% of $1,000,000
0.6 x $1,000,000
= $600,000
Meyer company's share from cash dividend in Gannon corporation
60% of $250,000
0.6 x $250,000
= $150,000
The balance in the equity investment account at December 31, 2021 should be:
$1,775,000 + $600,000 – $150,000
= $2,225,000
