If national consumption is $9 billion when disposable income is $0 and if the marginal propensity to
Question:
If national consumption is $9 billion when disposable income is $0 and if the marginal propensity to consume is 0.30, what is consumption when disposable income is $20 billion?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (3 reviews)
dCdy 030 Cy 030 dy 0...View the full answer
Answered By
Felix Onchweri
I have enough knowledge to handle different assignments and projects in the computing world. Besides, I can handle essays in different fields such as business and history. I can also handle both short and long research issues as per the requirements of the client. I believe in early delivery of orders so that the client has enough time to go through the work before submitting it. Am indeed the best option that any client that can think about.
4.50+
5+ Reviews
19+ Question Solved
Related Book For
Mathematical Applications For The Management, Life And Social Sciences
ISBN: 9781337625340
12th Edition
Authors: Ronald J. Harshbarger, James J. Reynolds
Question Posted:
Students also viewed these Mathematics questions
-
If consumption is $5.8 trillion when disposable income is $0 and if the marginal propensity to consume is dC/dy = 1/2y + 9 + 0.8 find the national consumption function.
-
If national consumption is $8.5 billion when disposable income is $0 and if the marginal propensity to consume is dC/dy = 1/2y + 16 + 0.6 find the national consumption function.
-
If consumption is $7 trillion when disposable income is $0 and if the marginal propensity to consume is 0.80, find the national consumption function (in trillions of dollars).
-
Figure is an overhead view of a thin uniform rod of length 0.600 m and mass M rotating horizontally at 80.0 rad/s counterclockwise about an axis through its center. A particle of mass M/3.00 and...
-
Suppose that a system has 5000 objects and 100 domains at some time. 1% of the objects are accessible (some combination of r, w and x) in all domains, 10% are accessible in two domains, and the...
-
In 2020, Bailey Corporation discovered that equipment purchased on January 1, 2018, for $50,000 was expensed at that time. The equipment should have been depreciated over 5 years, with no salvage...
-
Describe parasite drag.
-
Suppose that a countrys money supply is $1,200 million and its domestic credit is equal to $800 million in the year 2005. The country maintains a fixed exchange rate, the central bank monetizes any...
-
To get experience working with a stack, and linked lists , I have to code an EvaluateExpression class. Stacks can be used to evaluate an expression, i.e., (1 + 2) * 4 - 3NOTE: You cannot use the Java...
-
When water is supercooled, it freezes at a temperature below 0.0oC. If 10.9 kJ of heat is released when 2.00 moles of supercooled water at 215.0oC freezes, calculate the molar enthalpy of fusion for...
-
Evaluate the integrals in Problem. 5 dx e*/3 xe
-
Evaluate the integrals in Problem. Check your results by differentiation. 3(5 - x) -3 dx
-
Would you like to work as a manager in that type of company? Why or why not?
-
Rose is single and has total income of 12,300 in 2021-22. She makes a gross deductible payment of 25 during the year. Show her income tax computation for the year and determine the amount of tax...
-
In 2021-22, Peter is granted a 12-year lease on a property, paying a premium of 40,000 to his landlord. He immediately grants a 4-year sub-lease to Paula, receiving a premium from her of 14,000....
-
Vivian Hildenbrand and Tom Hildenbrand began living together in Oregon in 1975 and continuously did so until Toms death in 1984. During this time, pursuant to mutual agreement, they cohabited and...
-
Brenda is a company director and she earns a regular monthly salary of 6,000. In December 2021 she received a 20,000 bonus. She is provided with a diesel-engined company car (registered in January...
-
Smith is an attorney who works at the firm of Johnson & Johnson. He represents Ralph Grant, who is seeking a divorce against his wife, Alice Grant. In their first meeting, Smith learns that Ralph is...
-
Shen Limited reported net income of $32,000 for its latest year ended March 31, 2017. Instructions For each of the five different situations involving the statement of financial position accounts...
-
Stephen Schor, an accountant in New York City, advised his client, Andre Romanelli, Inc., to open an account at J. P. Morgan Chase Bank, N.A., to obtain a favorable interest rate on a line of credit....
-
How does alcohol affect judgment? To provide some insight, an experiment was conducted. A random sample of customers of an Ohio club was selected. Each respondent was asked to assess the...
-
According to a CNN news report 9% of full-time workers telecommute. This means that they do not work in their employers offices but instead perform their work at home using a computer and modem. To...
-
It is an unfortunate fact of life that the characteristics that one is born with play a critical role in later life. For example, race is a critical factor in almost all aspects of North American...
-
Solve for X. Assume X is a 2 x 2 matrix. Do not use decimal numbers in your answer. If there are fractions, leave them unevaluated. X = # 6 X+ 7 = 7 8 X. [24]*+41-41 -5
-
Perform one step of row reduction, in order to calculate the values for x and y by back substitution. Then calculate the values for x and y. Also calculate the determinant of the original matrix....
-
1 23 13 23 -3 23 23 23 23 Let A be the matrix of the quadratic form below. It can be shown that the eigenvalues of A are 6, 9, and 12. Find an orthogonal matrix P such that the change of variable x =...
Study smarter with the SolutionInn App