Why do we distinguish between autonomous consumption and induced consumption?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (5 reviews)
We distinguish between the two types of consumption for two reasons First each type of ...View the full answer
Answered By
PU Student
cost accounting
financial accounting
auditing
internal control
business analyst
tax
i have 3 years experience in field of management & auditing in different multinational firms. i also have 16 months experience as an accountant in different international firms. secondary school certification.
higher secondary school certification.
bachelors in mathematics.
cost & management accountant
4.80+
4+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
Explain the difference between autonomous consumption and induced consumption.
-
Look at the Keynesian consumption function: C = C0 + (MPC Yd). What part of it relates to autonomous consumption? What part of it relates to induced consumption? Define autonomous consumption and...
-
How do we distinguish between the types of risk in the supply chain?
-
To earn extra money, you and your friends decide to start a carwash. Based on some data you have collected, you predict that when you charge p dollar to wash and detail a car, you will have a demand...
-
Your company is examining a new project. It expects to sell 9,000 units per year at $35 net cash flow apiece for the next 10 years. In other words, the annual operating cash flow is projected to be...
-
A system of equations that has at least one solution is called consistent. A system of equations that has no solutions is called inconsistent. A system with infinitely many solutions is called...
-
A siphon is used to draw water at \(70^{\circ} \mathrm{F}\) from a large container as indicated in Fig. P5.99. The inside diameter of the siphon line is \(1 \mathrm{in}\). and the pipe centerline...
-
Here are the accounts in the ledger of Mishas Jewel Box, with the balances as of December 31, the end of its fiscal year. Cash ....................... $ 13,242 Accounts Receivable ...................
-
A regional electrical distributor currently has 1,000 customers who buy an average of $5,000 per year, generating a 50% margin. From experience, the company knows that 20% of its customers will not...
-
The post-closing trial balance for Heron Consulting Services, inc, at December 31 of the prior year is presented here. The company respond the following transactions during the current year: January...
-
How would your answer in question 6 change if the alternatives read with a relatively high or with a relatively low marginal leakage rate? Explain.
-
Explain how the increases of house prices from 2000 through April 2006 and stock prices from 2003 through 2007 and then the collapse of those prices following their peaks affected household wealth,...
-
Return to the Cox Electric spreadsheet. Build a table of profits based on different volume levels by doing the following: In cell C15, enter a volume of 20,000. Look at each formula in row 14 and...
-
For the Catheter Study, the patients were assessed bimonthly and the measurements about UTIs, catheter blockages, and replacements cover the previous two months. Thus, the patients were under...
-
Perform some exploratory analysis on the DTS study described above. (a) Compute the mean and standard deviation of the HamD scores for the two treatment groups at each time point. (b) Treat repeated...
-
Let \(y \sim \operatorname{Poisson}(\mu)\). (a) If \(\mu=n\) is an integer, show that the normalized variable \(\frac{y-\mu}{\sqrt{\mu}}\) has an asymptotic normal distribution \(N(0,1)\), i.e.,...
-
Suppose that \(\left\{\mu_{i j} ight\}\) satisfy a multiplicative model \[\begin{equation*}\mu_{i j}=\mu \alpha_{i} \beta_{j}, \quad 1 \leq i \leq I, 1 \leq j \leq J \tag{7.30}\end{equation*}\] where...
-
Show that the U-statistic \(\widehat{\sigma}^{2}\) in (1.24) is the sample variance of \(\sigma^{2}\), i.e., \(\widehat{\sigma}^{2}\) can be expressed as \(\widehat{\sigma}^{2}=\frac{1}{n-1}...
-
Use the accompanying graph of y = f(x) to sketch a graph of each equation. (a) y = f(x + 3) - 2 (b) y = f(-x) (c) y = f(x) - y = f(x) 3
-
The following data are supplied for the common stocks of Nikola Corporation, Tesla, Inc. and General Motors: Nikola Corp (NKLA) Tesla Inc. (TSLA) Close Price ($) Close Price ($) 67.53 30.00 40.81...
-
Unemployment is no longer a social problem because unemployed workers receive unemployment benefits and other benefits that make up for most of their lost wages. Comment
-
Why is it so difficult to define full employment? What unemployment rate should the government be shooting for today?
-
Show why each of the following complaints is based on a misunderstanding about inflation: a. Inflation must be stopped because it robs workers of their purchasing power. b. Inflation makes it...
-
Proposed FASB Concepts Statement No. 8, Conceptual Framework for Financial ReportingChapter 4, Elements of Financial Statements seeks to clarify the elements definitions in the following ways except...
-
Professional email Thanks for the feedback, there seems to be a discrepancy in the headings for direct cost and operating cost. It appears that these may have been mistakenly swapped. I would...
-
A company just starting business made the following four inventory purchases in June: # of units Total cost June 1 150 units $520 June 10 200 units 780 June 15 200 units 840 June 28 150 units 660 ...
Study smarter with the SolutionInn App