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. An autoregressive model is given by: Yt = 20.58 + 0.046 yt-1 + 0.01Yt-2 where Y, = sales of a product. Explain the meaning of the terms in this autoregressive model. b. Write the expressions for...
-
Identify three objects for an ATM system.
-
1. If you were representing the Company in this case, what argument (facts and reasons) could you make that the confidentiality agreement had a legitimate business purpose and was applied...
-
A gas station on a lake sells fuel to boaters. Falling fuel prices throughout the country have decreased the gas station's costs, but over the same period, the lake has become an increasingly popular...
-
Express Co. purchased equipment on March 1, 2015, for $95,000 on account. The equipment had an estimated useful life of five years, with a residual value of $5,000. The equipment is disposed of on...
-
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,...
-
The following costs incurred by the exploration department of Matrix Energy Corporation during 2018. REQUIRED: Give the entries to record these transactions. Shooting rights.... Bottom-hole...
-
The loadability of short transmission lines (less than \(25 \mathrm{~km}\), represented by including only series resistance and reactance) is determined by ________; that of medium lines (less than...
-
The \(A B C D\) parameters, which are in general complex numbers, have units of ________, ________, ________, and ________, respectively.
-
Express the no-load receiving-end voltage \(V_{\mathrm{RNL}}\) in terms of the sendingend voltage, \(V_{S}\), and the \(A B C D\) parameters.
-
Shunt reactive compensation improves transmission-line ________, whereas series capacitive compensation increases transmission-line ________.
-
For short lines less than \(25 \mathrm{~km}\) long, loadability is limited by the thermal rating of the conductors or by terminal equipment ratings, not by voltage drop or stability considerations....
-
Use vectors to prove that for any four numbers a, b, c, and d. (a + b) (c + d) = (ac + bd)
-
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...
-
Silverton Confectionery is a growing Berkshire-based company specialising in selling quality chocolates and sweets at higher than average prices through newsagents and confectioners. At present their...
-
4. X, the proprietor of a departmental store, decided to calculate separate profits for his two departments L and M for the month ending 31st January. Stock on 31st January could not be valued for...
-
What level of confidentiality should be attached to the preparation and handling of a memorandum of law? Why? Assume you have been working for a legal specialist in estate law for a number of years...
Study smarter with the SolutionInn App