If the consumption function is C = 50 + 2Y calculate MPC and MPS when Y =

Question:

If the consumption function is C = 50 + 2√Y calculate MPC and MPS when Y = 36 and give an interpretation of these results.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Mathematics for Economics and Business

ISBN: 978-1292191669

9th edition

Authors: Ian Jacques

See More Books

Question Posted: Apr 18, 2019 09:23 AM

See More Questions

If the consumption function is C = 0.02Y 2 + 0.1Y + 25 find the value of Y when MPS = 0.38.
If the consumption function is C = 300 + 2Y 2 /1 + Y calculate MPC and MPS when Y = 36 and give an interpretation of these results.
If the consumption function is given by C = 0.7 Y + 40 state the values of (a) autonomous consumption; (b) marginal propensity to consume. Transpose this formula to express Y in terms of C and hence...
Melissa is a sole trader. Her capital gains and capital losses for 2020-21 are 27,000 and 700 respectively. She has capital losses brought forward from 2019-20 of 12,900 and she also has unrelieved...
Develop the chemical equation for the stoichiometric combustion of acetylene with pure oxygen. Calculate the oxygen-fuel ratio, the volume percentage of CO2 in the products, and the dew-point...
What is the name of the independent regulator of the accounting profession in the UK?
Three fair coins are tossed, and either heads (H) or tails (T) is observed for each coin. a. List the sample points for this experiment. b. Assign probabilities to the sample points. c. Determine the...
Explain how each of the following factors would probably affect a firms target cash balance if all other factors were held constant: a. The firm institutes a new billing procedure that better...
Prepare the journal entry to record the capitalization of borrowing costs and the recgonition of interest expense if any at December 3 1 , 2 0 1 4 . Account titles are Account Payable, account...
Dry Quick (DQ) is a medium-sized, private manufacturing company located near Timmins, Ontario. DQ has a June 30 year-end. Your firm, Poivre & Sel (P&S), has recently been appointed as auditors forDQ....
A firms production function is Q = 50L 0.01L 2 where L denotes the size of the workforce. Find the value of MPL in the case when (a) L = 1 (b) L = 10 (c) L = 100 (d) L = 1000 Does the law of...
The price of a companys shares, P, recorded in dollars at midday is a function of time, t, measured in days since the beginning of the year. Give an interpretation of the statement: dP/dt = 0.25 when...
The graph of y = ka x passes through the points (1, 6) and (4, 48). Find the values of the constants k and a.
In addition to the strongest military in the world, the United States wields enormous soft power. Define soft power. What factors make the United States powerful when it comes to soft power?
Tampa by the Bay Cardiology practice is experiencing long wait times for new patient appointments. Next available appointment is 30 days. The administrator has asked the practice manager to construct...
In 2013, Idalia Hernndez Ramos, a middle school teacher in Mexico, was a victim of cyber harassment. After discovering that one of her students tweeted that the teacher was a "bitch" and a "whore,"...
Your life couldn't be any better. You just accepted a new role as a senior consultant for a project management services firm in San Francisco, and the move is finally happening. You've got a great...
What are the two "engines" that drive earth's processes, how do they work (basically) and what are their energy sources? How do the "engines" influence and interact with the Earth Systems? (provide a...
Search the Internet for at least three examples where parallel processing is applied. How was the underlying database prepared for this? What were the advantages of this implementation?
In the simple quantity theory of money, what will lead to an increase in aggregate demand? In monetarism, what will lead to an increase in aggregate demand?
In Problem sketch a graph of each equation or pair of equations in a rectangular coordinate system. y = -2/3x - 2
In Problem use the graph of each line to find the x intercept, y intercept, and slope. Write the slope-intercept form of the equation of the line. -5
In Problem use the graph of each line to find the x intercept, y intercept, and slope. Write the slope-intercept form of the equation of the line. -5
Question 3 (24 marks) Wonderful Technology Company Limited sells computers and accessories. Data of the store's operations are as follow: Sales are budgeted at $400,000 for December 2019, $420,000...
Kratz Manufacturing Company uses an activity-based costing system. It has the following manufacturing activity areas, related cost drivers and cost allocation rates: Activity Cost Driver Cost...
You are a Partner with Fix-It Consultants and have been engaged in an advisory capacity with a software company, called MoveFast. The company is seeing a sharp decline in revenue, with the primary...

If the consumption function is C = 50 + 2Y calculate MPC and MPS when Y =

Question:

Step by Step Answer:

C 5027 50 2Y2 MPC F 5027 2 When Y 36 ...View the full answer

Mathematics for Economics and Business

Students also viewed these Mathematics questions