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 answer-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...
Whirly Corporation's contribution format income statement for the most recent month is shown below: Required: (Consider each case independently): 1. What would be the revised net operating income per...
For the DOS, use the three-level depression diagnosis and variable MS for marital status as defined in Section 4.2.2 to test for uniform association, assuming that both the depression diagnosis and...
1. Do you think EasySpa would benefit from hiring a compensation professional? How? 2. How can Jay convince the CEO to hire a compensation professional?
Conclusion: Highlight key areas of the paper above and synthesize the information that is included Macro-Level Systems Perspective The target group of single mothers in Wisconsin has been impacted by...
The owner of a medium- size electronics company is concerned about cash flow. The company operates in a growing industry and produces a product that is in high demand. The owner feels that cash flow...
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...
Which of the sequences whose nth terms appear converge, and which diverge? Find the limit of each convergent sequence. = an sin NTT 2
What are the challenges and opportunities associated with multiculturalism and cultural pluralism as governance frameworks for managing diversity within multicultural societies, and how can policies...
Silicon wafers are being inspected for faults. The number of faults per wafer is distributed as a Poisson random variable with rate parameter = 4. i. What is the probability of observing 3 or more...
How can participatory approaches to cultural policymaking, grassroots cultural initiatives, and community-based cultural development projects empower marginalized cultural groups, amplify their...
Read this case study and then respond with how you would handle this situation: Randy is a person who frequently offends others due to his honest and open expression. He oftentimes says things...
Social workers apply theories, models, and perspectives to understand biological, social, cultural, psychological, and spiritual development. Social workers need to have an understanding of the...
The vector 5.2 A has a magnitude of 34 m and points in the positive x direction. Find (a) The x component (b) The magnitude of the vector A.
Which of the followingcarbocations is the least stable? CH3CH2 . CH3CHCH3 CH3 I . CH3C0 T CH3 IV. V. CH3 CH3CCH2 CH3
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
1. Consider the following pseudocode. What does it produce? Set a = 0 Set b = 0 Set c = 1 Set d = 1 Report the value of d Repeat until a equals 10 Set d = b + c Set b = c Set c = d Add 1 to a Report...
3. It has been observed that a particular plant's growth is directly proportional to time. It measured 2 cm when it arrived at the nursery and 2.5 cm exactly one week later. If the plant continues to...
List four equivalent forms for the rational expression. x-2 x+9

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