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

Question

1 Approved Answer

Given a consumption function of C = 40 + 0.8Y, and the value of output is R500 while investment is R210 what is the value

Given a consumption function of C = 40 + 0.8Y, and the value of output is R500 while investment is R210 what is the value of savings

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

Managerial Accounting

Managerial Accounting

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

10th Edition

B010IKDQZM

Students also viewed these Economics questions

Question

★★★★★
Anna Malover is a full-time veterinarian who started her own business five years ago. Anna felt that the market for doggie fashions had a lot of promise, based on her clients' complaints about...

Answered: 1 week ago

Question

★★★★★
Statement of stockholders equity Obj. 2 Marcie Davies owns and operates Gemini Advertising Services. On January 1, 20Y5, Common Stock had a balance of $75,000, andRetained Earnings had a balance of...

Answered: 1 week ago

Question

★★★★★
Did the authors address group similarities and differences?

Answered: 1 week ago

Question

★★★★★
The Pacific Fruit Company in Problem 3-13 has designed its packaging process for boxes to hold a net weight (nominal value) of 9.0 oz of raisins with tolerances of 0.5 oz. Using the process mean and...

Answered: 1 week ago

Question

★★★★★
The following table presents sales forecasts for Golden Gelt Giftware. The unit price is $36. The unit cost of the giftware is $16. It is expected that net working capital will amount to 26% of sales...

Answered: 1 week ago

Question

★★★★★
The accountant for Jean's Dress Shop prepared the following cash budget. Jean's desires to maintain a cash cushion of $10,000 at the end of each month. Funds are assumed to be borrowed and repaid on...

Answered: 1 week ago

Question

★★★★★
Alma, a supplier of rice to school and office canteens within the Kuching and Samarahan area, made the following purchases and supplies during the year ended 31 December 2019. Month of Purchase...

Answered: 1 week ago

Question

★★★★★
On a recent road trip to the Big Easy, the absentee landlord recorded his gasoline purchases in a logbook that he intended to support his rental expenses for the year. The entries are in the table...

Answered: 1 week ago

Question

★★★★★
Using the cost approach to value, determine the value of parcel with land value of $30,000, replacement cost of the building is $50.00 per square foot, with the area of 1,500 square feet, and...

Answered: 1 week ago

Question

★★★★★
"Fina, SA de CV" is dedicated to the sale of furniture, requests your advice to determine the authorized deductions that meet tax requirements, in accordance with the LISR, to determine the tax...

Answered: 1 week ago

Question

★★★★★
The summarized financial statements of Baraka Enterprises Ltd. are as follows: Income statements for the year ended 30 September: 2013 Sh.'000' 2014 Sh.'000' Sales Cost of sales Gross profit...

Answered: 1 week ago

Question

★★★★★
Shweta makes the following choices between various of pairs of cuisines: C({Indian, Japanese}) = Indian C({Ethiopian, Chinese}) = Ethiopian C({Turkish, Thai}) = Turkish C({Japanese, Ethiopian}) =...

Answered: 1 week ago

Question

★★★★★
80-5: The ship-building industry of Bangladesh is a duopoly with only two companies, namely Boatman and Mariners. Their output strategy is 50 or 40 ships a year. Examine the Revenue Matrix given...

Answered: 1 week ago

Previous Question Next Question