FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Total planned expenditure (equals total output) is 14,000 when autonomous consumption expenditure is 450. When autonomous consumption expenditure falls to 400, total planned expenditure

image text in transcribed

image text in transcribed
1. Total planned expenditure (equals total output) is 14,000 when autonomous consumption expenditure is 450. When autonomous consumption expenditure falls to 400, total planned expenditure (equals total output) is 13,800. The marginal propensity to consume is A. 0.89 B. 0.75 C. 0.99 D. 0.44 E. 0.03

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Foundations of Macroeconomics

Foundations of Macroeconomics

Authors: Robin Bade, Michael Parkin

8th edition

134492005, 978-0134492001

More Books

Students also viewed these Economics questions

Question

★★★★★
Refer to the interview in Exercise 4.16 (especially to Questions 4 and 7). The general ledger reveals the following annual costs: Supervisors salary ...... $ 64,600 Clerical salaries ...... 210,000...

Answered: 1 week ago

Question

★★★★★
Does mapping rule 15 create relations in 3NF? Discuss.

Answered: 1 week ago

Question

★★★★★
2. Tell students there will be a surprise visitor; then dress up as the author of a story and tell about yourself and your writing.

Answered: 1 week ago

Question

★★★★★
Alomar Company manufactures four products from a joint production process: barlon, selene, plicene, and corsol. The joint costs for one batch are as follows: Direct materials.... $67,900 Direct labor...

Answered: 1 week ago

Question

★★★★★
Question 2 8 ( 2 points ) Which of the following actions of a firm suggests that it uses the freemium approach for applying freeconomics? It provides free services to customers and gets paid for it...

Answered: 1 week ago

Question

★★★★★
Isabella is a 14-year-old Hispanic bisexual female who has come into the Department of Child Safety (DCS) care due to neglect. Isabella's mother, Martina, is 35 years old, a single mother, has an...

Answered: 1 week ago

Question

★★★★★
Floyd Ferris invested $3,000 into an account five years ago. Today his account has grown to have a balance of $3,927.50. Given that his account offered monthly compounding of interest, the APR on...

Answered: 1 week ago

Question

★★★★★
3. (10 points) In this question you will see that soft-SVM can be formulated as solving a regularized ERM rule, which uses a popular error function called hinge loss (see https:...

Answered: 1 week ago

Question

★★★★★
Suppose that Ivanhoe International Ltd. had the following records: 2025 2024 Ending inventory $48650 $27490 Cost of goods sold 222100 210890 What is Ivanhoe's average days in inventory for 2025?...

Answered: 1 week ago

Question

★★★★★
1 . If Custom Call Services does transition to a PTO policy, what are some things that Stan should consider including in the policy to address concerns about absenteeism ?

Answered: 1 week ago

Question

★★★★★
what is the work content and components of the project. It can be described by naming all the activities performed?

Answered: 1 week ago

Question

★★★★★
Gas mixtures. A mixture composed of CO and H2 is contained at 283 kPa. Calculate the partial pressure of the H in kPa in this mixture if the mole fraction of CO is 68 %. Provide the answer to three...

Answered: 1 week ago

Question

★★★★★
A state law allows women to buy beer at 18 and men are allowed under the law to buy beer at 21. If this law was challenged as unconstitutional on grounds of Violation of the 14Lh Amendment Equal...

Answered: 1 week ago

Question

★★★★★
3. If there are reasonable alternatives, think about your decisions based on the different reference points and see if there are any contradictions in the decisions.

Answered: 1 week ago

Question

★★★★★
4. It is only at this point that you can give the problem your full attention in relation to the various ways you have framed the problem.

Answered: 1 week ago

Question

★★★★★
1. To provide an insight into why a communication situation can be perceived differently depending on which psychological framework we choose to use.

Answered: 1 week ago

Previous Question Next Question