1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
exis [7]
2 years ago
8

At your future job, you get an unexpected raise from $50,000 a year to $75,000 a year. With the increased income, you decide to

increase your consumption from $30,000 a year to $40,000 a year. Calculate your marginal propensity to consume (MPC).
Business
1 answer:
seropon [69]2 years ago
4 0

The Marginal propensity to consume is 0.4

Here, we are calculating the marginal propensity to consume (MPC).

Change in Income = New Income - Old Income

Change in Income = $75,000 - $50,000

Change in Income = $25,000

Change in Consumption = New Consumption - Old Consumption

Change in Consumption = $40,000 - $30,000

Change in Consumption = $10,000

Marginal propensity to consume = Change in Consumption / Change in Income

Marginal propensity to consume = $10,000 / $25,000

Marginal propensity to consume = 2/5

Marginal propensity to consume = 0.4

Therefore, the Marginal propensity to consume is 0.4.

Read more about MPC:

<em>brainly.com/question/13957387</em>

You might be interested in
What are doctors paid by in the US and in the UK?
Wewaii [24]
Hope this helped you
5 0
3 years ago
Read 2 more answers
In the Month of March, Digby received orders of 159 units at a price of $15.00 for their product Drat, and in April receives an
zhannawk [14.2K]

Answer: 0

Explanation:

Accrual accounting method simply means when revenue or expenses are written down and recorded at the time that the transaction took place and not when payment was gotten.

The revenue that is recognized on the March income statement will be 0. This is because the delivery was in April and none took place in March.

7 0
3 years ago
The Federal Reserve System and the New York Stock Exchange regulations currently require the short seller to have an initial mar
lutik1710 [3]

Answer:

Correct answer is 50%

Explanation:

The appropriate response is half.  

The Regulation T of the Federal Reserve Board requires the equalization for all short deal records to be at any rate 150% of the estimation of the protections at the time the deal is started.  

This implies when the short deal is started, as we are selling the offers first, our record will have the 100% estimation of the offers sold (as we receipts of cash from selling) in addition to an extra edge prerequisite of half of the estimation of the short deal.  

For instance, on the off chance that I am short selling an offer whose cost is $100, at that point when I short sell the offer, my record equalization will become $100, as receipts of the deal.  

Along these lines, at the hour of inception of offer, my record equalization ought to be 150% of the estimation of short deal = 150% of $100 = $150. The separation of this sum is  

100% of $100 = $100, which gets credited to my record  

in addition half of $100 = $50, which is the edge necessity at the inception of short deal.  

In this way, Initial edge necessity is atleast half of the cost of the stock.  

The student ought not befuddle the underlying edge necessity with the base upkeep edge.  

The base support edge required to be kept up is 25%. This implies the short dealer ought to consistently have an edge (not balance) of 25% in the record. In the event that the edge goes beneath 25%, at that point the edge require the distinction sum is actuated, which the short dealer is required to pay to keep on keeping her situation in the market unaltered.  

Be that as it may, beginning edge required to be kept up is half.

8 0
3 years ago
On January 1, a machine with a useful life of 5 years and a salvage value of $15000 was purchased for $115000. What is the depre
grandymaker [24]

Answer:

Annual depreciation (year 2)= $20,000

Explanation:

Giving the following information:

Purchase price= $115,000

Salvage value= $15,000

Useful life= 5 years

<u>To calculate the annual depreciation under the straight-line method, we need to use the following formula:</u>

<u></u>

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (115,000 - 15,000) / 5

Annual depreciation= $20,000

5 0
3 years ago
A chain of parking garages recently offered customers the ability to pay for parking on their mobile phone instead of paying at
Fittoniya [83]

Answer:

Contact-less payment technology

Explanation:

In contact-less payment, payment is made without any physical contact between the payer and receiver business. This payment mechanism makes use of NFC (near the field communication) technology.  

Contact-less payment mechanism reduces cost for staffing and also removes need for collection of cash. This means that parking facilities are managed remotely.  

7 0
3 years ago
Other questions:
  • Praxis Corp. forecasts the following income statement for the next year:
    15·1 answer
  • The hotel chain Ritz-Carlton uses the phrase "Ladies and gentlemen taking care of ladies and gentlemen" to demonstrate the compa
    13·1 answer
  • Joshua wants to set certain mid-term goals for himself. What kind of time frame would his goals need to qualify as mid-term goal
    11·2 answers
  • Some observers had argued that Uber’s greatest problem was not any of its scandals, but its CEO Travis Kalanick. Now that Kalani
    8·1 answer
  • The information below pertains to Barkley Company for 2015.
    15·1 answer
  • The amount of money left in a checking account after the checks and the service charges have been deducted is called the:
    11·2 answers
  • Why is it important to show your application essay to members of your support group or family before you turn it in?
    11·1 answer
  • Edward is a member of the Knights of Columbus, a religious group dedicated to voluntary service to the benefit of society. He al
    6·1 answer
  • A course that costs $500 will allow you to get a job that pays $2 more per hour than your current job. How many hours will you n
    14·1 answer
  • Total 17500 shirts are produced and sold. The selling price is $22, variable cost per unit is $18 and fixed cost is $ 80000. If
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!