a. Suppose that, if their income rises by $100, all households in Normalia raise their spending by $90. Instructions: Round your answers to one decimal place. The MPC in Normalia is: MPS in Normalia is: b. Suppose that the MPC in South Pangea is 0.7. Instructions: Enter your answer as a whole number. If a South Pangean household earns an extra $100, by how much will they increase their spending?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “a. Suppose that, if their income rises by $100, all households in Normalia raise their spending by $90. Instructions: Round your answers to ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Describe at least two factors of an investment that you would want to consider before putting money into that specific investment
Answers (1)
Music Mogul has arrangements with several stores and retail chains to place their DVDs and digital music machines in prime spots such as near billing counters and at store entrances.
Answers (1)
Imagine that an economy produces two goods, flashlights and fishing lures. In 2015, the economy produced 70 flashlights and 40 fishing lures, and the prices of flashlights and fishing lures were $5 and $12, respectively.
Answers (1)
An office supply store can buy a desk for $300. If the store owner sells the desk for $450, what is the markup based on the selling price?
Answers (2)
Jane reviewed her last monthly statement for her regular savings account. Her beginning balance was $1,808.
Answers (1)
New Questions in Business
Six-month call options with strike prices of $35 and $40 cost $6 and $4, respectively. You plan to create a bull spread call (Buying a call spread) by trading a total of 200 options?
Answers (1)
Lorraine has worked at GHI Inc. for 14 years. GHI has a large building where each divisional unit is located on a different floor.
Answers (1)
Which of the following is the proper sequence of events in an activity-based costing system? a. Calculation of pool rates, identification of cost drivers, identification of cost pools, assignment of cost to products. b.
Answers (1)
Bulldog, Inc. has budgeted sales for the first quarter of the next year to be 30 comma 000 units. The inventory on hand at the beginning of quarter is 5 comma 000 units. The desired ending inventory is 5 comma 000 units.
Answers (1)
Which of the following workers are most likely to be part of a union? (Select four answers.) A plumber A policewoman A writer A sales person A financial adviser An assembly line worker A high school teacher
Answers (1)