What determines the slope of a consumption function?
Question:
What determines the slope of a consumption function?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (7 reviews)
The slope of a consumption function is determined by the marginal propensity to consume MPC The cons...View the full answer
Answered By
Simon kingori
I am a tier-one market researcher and content developer who has been in this field for the last six years. I’ve run the freelancing gamut; from market research, data mining and SEO/SMM to copywriting, Content Development, you name it, I’ve done it. I’m extremely motivated, organized and disciplined – you have to be to work from home. My experience in Freelancing is invaluable- but what makes me a cut above the rest is my passion to deliver quality results to all my clients- it’s important to note, I've never had a dissatisfied client. Backed by a Masters degree in Computer Science from MOI university, I have the required skill set and burning passion and desire to deliver the best results for my clients. This is the reason why I am a cut above the rest. Having taken a Bsc. in computer science and statistics, I deal with all round fields in the IT category. It is a field i enjoy working in as it is dynamic and new things present themselves every day for research and exploration.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The slope of a consumption function in an economy is 0.6. Suppose tax increases from Ksh. 100 to Ksh.250 what will be the effect on equilibrium income if the original value of equilibrium income was...
-
The 2023 financial statements of Outdoor Waterworks Inc. follow: Outdoor Waterworks Inc. Income Statement For Year Ended December 31, 2023 Net sales Cost of goods sold: Inventory, Dec. 31, 2022...
-
What determines the slope of a profit graph?
-
Suppose you are interested in purchasing AT&T stock. You know that AT&T stock has had an average rate of return of 8 % over the last 5 years. Explain how you could use descriptive statistics to help...
-
The income statement of Marcessa Company is presented Additional information: 1. Accounts receivable decreased $520,000 during the year, and inventory increased $140,000. 2. Prepaid expenses...
-
A heat engine that operates on a Brayton cycle has a pressure ratio of 5 and uses as its working substance a gas for which the heat capacity ratio \(C_{P} / C_{V}\) is 1. 333 . You wish to replace...
-
For the reaction \(\mathrm{CO}(\mathrm{g})+2 \mathrm{H}_{2}(\mathrm{~g}) ightarrow \mathrm{CH}_{3} \mathrm{OH}(\mathrm{g})\), with increase in pressure the degree of conversion (a) Decreases (b)...
-
Lindo Company incurs annual fixed costs of $80,000. Variable costs for Lindos product are $40 per unit, and the sales price is $64 per unit. Lindo desires to earn an annual profit of $40,000....
-
What are some of the issues related to sustainability and packaging? Briefly identify and explain the issues that you have identified ?
-
What is the marginal propensity to consume, and how is it related to the marginal propensity to import?
-
What does the 45-degree line show?
-
Decide whether the situation described involves a permutation or a combination of objects. (a) A telephone number (b) A Social Security number (c) A hand of cards in poker (d) A committee of...
-
Working with a group of classmates, describe one syntactic, one semantic, and one pragmatic rule for each situation: a. Asking an acquaintance out for a first date. b. Declining an invitation to a...
-
Complete the following sentences: a. Women __________ b. Men __________ c. Latinos __________ d. European Americans __________ e. African Americans __________ f. Older people __________ Now share...
-
Identify one culture with which you currently interact or could interact in the future. Collect information on communication rules and norms in that culture through library/internet research and...
-
With a group of classmates, compile a list of reference groups you use to define your self-concepts. You can recognize them by answering several questions: a. Select one area in which you compare...
-
Improve your perception-checking ability by developing complete perception-checking statements for each of the following situations. Be sure your statements include a description of the behavior, two...
-
The following data were taken from the 2013 annual reports of Biogen Idec, Inc., and Amgen Inc. Both companies are leaders in biotechnology. All dollar amounts are in mi l lions. Required a. For each...
-
Consider the advantages and disadvantages of extending property rights so that everyone would have the right to prevent people imposing any costs on them whatsoever (or charging them to do so).
-
April Industries employs a standard costing system in the manufacturing of its sole product, a park bench. They purchased 60,000 feet of raw material for $300,000, and it takes 5 feet of raw...
-
Mateo makes gizmos. He would like to set up a system to help him manage his business. The gizmos are made in a standard process. There is a certain amount of material and labor that goes into each...
-
Fiona cleans offices. She is allowed 5 seconds per square foot. She cleans building A, which is 3,000 square feet, and building B, which is 2,460 square feet. Will she finish these two buildings in...
-
Job ordering costing system accumulates costs by individual product units. This method applies not only to individual inventory items but also batches of inventory items; It calculates manufacturing...
-
How can advanced process control systems be utilized to optimize multivariable operations in a large-scale chemical plant, particularly when dealing with highly nonlinear processes and time-varying...
-
Acme Manufacturing is a B2B company located in Riverside, CA, designs and manufactures several product lines which are mainly supplied to the OEM (Original Equipment Manufacturer) Market. One of...
Study smarter with the SolutionInn App