Question: If Sara's total consumption is $ 1 , 5 0 0 a month, the fraction of her income that she consumes is 6 0 %

 If Sara\'s total consumption is $1,500 a month, the fraction of her income that she consumes is 60%, and her income is $2,000, the amount of money she consumes when her income is zero will be ? 

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

To determine the amount of money Sara consumes when her income is zero we need to calculate the fr... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (2 attachments)

PDF file Icon

663db24c37f33_963490.pdf

180 KBs PDF File

Word file Icon

663db24c37f33_963490.docx

120 KBs Word File

Students Have Also Explored These Related Economics Questions!

Q:

Beauville Furniture Corporation produces sofas, recliners, and lounge chairs. Beauville is located in a medium-sized community in the southeastern part of the United States. It is a major employer in...

Q:

CANMNMM January of this year. (a) Each item will be held in a record. Describe all the data structures that must refer to these records to implement the required functionality. Describe all the...

Q:

The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-6. On December 12, Irene purchased the building where her store is located. She paid...

Q:

The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...

Q:

Managerial Accounting Gallatin Carpet Cleaning is a small, family-owned business operating out of Bozeman, Montana. For its services, the company has always charged a flat fee per hundred square feet...

Q:

The capital account for Minta's Editorial Services, including an additional investment, and a partial work sheet are shown below. REQUIRED Prepare a statement of owner'sequity. GENERAL LEDGER...

Q:

BA 1605: Midterm Recap (Due: Feb. 27, 2015) Name _____________________________ 50 Student ID _____________________________ Section 01B 10:00~11:20 am Section 02B 01:00~02:20 pm [Questions 4 ~ 7] The...

Q:

Sometime in October you answered a student's question with the attachedspreadsheet. A lot of numbers are missing, I believe due to compatibility. Also attached is the assignment information for which...

Q:

Due to erratic sales of its sole product-a high-capacity battery for laptop computers-PEM, Inc, has been experiencing financial difficulty for some time. The company's contribution format income...

Q:

hi, expert, thank you very much for your reply, i really want to paid more for your quality answer, but there is no money left from my bank card, that's the last amount i have, but this work is...

Q:

Please answer ALL blanks. Thank you! Closing entries In this stage of the accounting cycle, you are asked to record closing entries in the general journal and then post them to the general ledger...

Q:

Public money should be spent economically, effectively and with efficiency. The underlying logic for regulation of public procurement is to make sure that public bodies act appropriately with public...

Q:

What are the 3 closest hotels to yours - indicate their name, distance (in km) from your hotel and describe how they would compare Do you consider these hotels to be the main competition for your...

Q:

3. If there are any oboists, there are some bassoonists. If there are any clarinetists, there are some fl utists. Amelia is both an oboist and a clarinetist. Th erefore, some bassoonists are fl...

Q:

Calbear Co. acquired 100% of Stanford Co. on January 1, 2020. Stanford uses the equity method for accounting for its investment in Stanford. The individual company information for Calbear Co. and...

Q:

Velvet Construction Limited is a company with a 30 June year-end and is involved in the construction industry. The company has the following lease agreements on its books: Lease agreement 1:...

Q:

1) Air at 1 atm and 15C with a mass flow rate at 0.15 kg/s flows through a long rectangular duct 7.5 cm by 15 cm. A section of the duct is maintained at 120C, and the average air temperature at exit...

Q:

On January 1, Year 1, Shannon Corporation (SC) acquired 70 percent (70,000 shares of $2 par common stock) of Kanada Corporation (KC) for $30 per share. Shortly after the acquisition the remaining KC...

Q:

6 Theory of Machines 5. A shaft carries five masses A, B, C, D and E which revolve at the same radius in planes which are equidistant from one another. The magnitude of the masses in planes A, C and...

Q:

The model y1 = 1x1 + 1, y2 = 2x2 + 2 satisfies all the assumptions of the classical multivariate regression model. All variables have zero means. The following sample second-moment matrix is obtained...

Q:

Obtain the mean lag and the long- and short-run multipliers for the following distributed lag models: a. yt = 0.55(0.02xt + 0.15xt1 + 0.43xt2 + 0.23xt3 + 0.17xt4) + et. b. The model in Exercise 5. c....

Q:

Use MacKinnon, White, and Davidsons PE test to determine whether a linear or loglinear production model is more appropriate for the data in Appendix Table F6.1. (The test is described in Section...

Q:

Strategy is the total pattern of decisions and actions that position the organization in its environment and that are intended to achieve its long-term goals. Plo8

Q:

How are the four perspectives of operations strategy reconciled? Plo8

Q:

It is important to engage with a wide range of stakeholders, within and outside of the organization, when developing operations strategy. Plo8