1. What is the MPC and APC all about? Can you compare and contrast these concepts? Is it better to have a high propensity to consume or lower? What do you want for yourself? Speculate over which people in our country fit the high versus low category?
2. What are the key features of the consumption function? What causes consumption to rise and fall? Is wealth and credit more important than income? Does the level of consumption deserve concern today?
Answers
The MPC (Marginal Propensity to Consume) and APC (Average Propensity to Consume) are concepts used in economics to measure consumer spending patterns and behavior.
MPC: The Marginal Propensity to Consume refers to the proportion of an additional dollar of income that a consumer spends on consumption. It measures the change in consumption resulting from a change in income. For example, if the MPC is 0.8, it means that for every additional dollar of income, a consumer will spend $0.80 on consumption.
APC: The Average Propensity to Consume represents the proportion of total income that a consumer spends on consumption. It is calculated by dividing total consumption by total income. For example, if the APC is 0.75, it means that a consumer spends 75% of their income on consumption.
Having a higher propensity to consume generally indicates higher consumer spending, which can stimulate economic growth and increase aggregate demand. On the other hand, a lower propensity to consume implies higher savings, which can be beneficial for future investments and stability.
As for personal preferences, it depends on individual circumstances and goals. Some people may prioritize immediate consumption and derive satisfaction from spending, while others may prioritize saving for future needs or investments.
Speculating on which people in a country fit the high versus low propensity to consume category is difficult as it can vary based on various factors such as income levels, cultural norms, financial literacy, and personal preferences.
The key features of the consumption function are: Consumption is influenced by income: As income increases, consumption tends to increase, but at a diminishing rate. This relationship is captured by the marginal propensity to consume (MPC).
Wealth and credit can impact consumption: While income is a primary determinant, wealth (accumulated assets) and credit availability can also influence consumption decisions. Higher wealth and easier access to credit can potentially lead to increased consumption.
Consumption can rise and fall due to various factors: Changes in interest rates, consumer confidence, taxation, government policies, and economic conditions can all affect consumption levels. For example, during an economic downturn, consumers may reduce spending due to uncertainty and reduced income.
Concerns regarding the level of consumption: The level of consumption can be a topic of concern from multiple perspectives. Excessive consumption without sufficient savings can lead to financial instability and vulnerability. Additionally, high levels of consumption can put pressure on resources, contribute to environmental issues, and affect sustainability.
Overall, the consumption function is a complex relationship influenced by various factors, including income, wealth, credit, and economic conditions. It is important to strike a balance between consumption and savings to ensure financial well-being and sustainability.
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Related Questions
Gold has historically functioned as money. This is due, in part, to the willingness of others to accept it as valid payment for goods and
services. In this case, gold is functioning as an) (1 point)
Answers
The willingness of others to accept gold as a valid payment for goods and services made gold a medium of exchange. In other words, gold was used to facilitate commercial exchanges when these became more developed.
Money has changed and developed over time, it has always been used to make business practices more simplified and standardized.
Some examples of the use of a medium of exchange were salt, which was a rare mineral that was offered in trade, hence the word salary.
Therefore, gold began to be used as a means of exchange from the need to use coins with greater durability.
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Jessi has received a loan to start her new bakery. She wants to make sure that she spends the money wisely, getting all of the machinery, tools, and ingredients that she will need to make her bakery a success. What should Jessi make FIRST to make to make sure to manage her money so that she prioritizes what she needs for her bakery?
buying plan
sales forecast
profit margin
investment
Answers
Since Jessi has received a loan to start her new bakery, and he wants to make sure that she spends the money wisely, getting all of the machinery, tools, and ingredients that she will need to make her bakery a success. What she should make FIRST to make sure to manage her money so that she prioritizes what she needs for her bakery is a "buying plan" (Option A)
What is the definition of a "Buying Plan"?A buying plan, sometimes known as a buying club, is a sort of plan that obligates a buyer to purchase products on a fixed timetable, to acquire items that a seller may deliver without warning, or to pay membership fees in exchange for the right to purchase at a supposedly discounted price.
Goods planning and procurement is a systematic strategy used by retailers to predict merchandise inventory requirements and negotiate the best terms with suppliers.
Typically, retailers employ a centralized buyer or team of buyers that supervise the chain's purchasing process. They may have additional local or regional merchandise managers that supervise merchandise implementation in stores.
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In your own words, define Personal Finance??
Answers
A person who is involved in personal finance engages in the process by which they manage their money and save for the future. They also invest for the future by managing their money. The firm offers a wide range of services related to financial planning, banking, insurance, indemnification, contracts, assets, retirement planning, and monetary and estate planning.
Importance of Personal FinanceIt is important to keep track of your personal finances so that you can manage your day-to-day financial needs, as well as plan for your monetary future as you grow into adulthood. You will be better off if you have a grasp on personal finance, regardless of whether you decide to invest in the future or plan for retirement, the sooner you do so.
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A bank agreed to lend a merchant $10,000 for one year at 8% interest. The loan proceeds were to be disbursed within two weeks. The merchant intended to use the loan proceeds to purchase a specific shipment of carpets for resale at an expected profit of $5,000 but said nothing about these plans to the bank. The bank failed to disburse the proceeds and refused to assure the merchant that it would do so. The merchant was able to secure a loan from another lender at 10% interest for one year. However, by the time the merchant started the application process for a substitute loan, it was too late to pursue the opportunity to buy the shipment of carpets. In an action against the bank for breach of contract, which of the following amounts is the merchant likely to recover?
Answers:
A. Nothing, because damages lost opportunities are not recoverable.
B. Nothing, because the parties failed to tacitly agree that the merchant would be entitled to damages in the event of a breach by the bank.
C. The difference in cost over time between a loan at 10% and a loan at 8%.
D. $5,000, the merchant's foreseeable loss.
Answers
Answer: C. The difference in cost over time between a loan at 10% and a loan at 8%.
Explanation:
The first bank cannot be held liable for damages relating to the loss of the opportunity to buy the carpets because they were not informed of it and so could not have made a decision based on it.
Another thing they cannot be held liable for is the merchant's inability to get another loan in time because it is assumed that there are other banks that the merchant could have gone to. What they can be held liable for however, is the difference in the types of loans.
The merchant had to get a loan with a higher interest rate because they couldn't honor their agreement so they will pay the difference in interest between their loan and the one the merchant was able to get.
List 7 types of media's with notes about them. Or less.
Answers
Answer:
good
Explanation:
Print Media (Newspapers, Magazines)
Broadcast Media (TV, Radio)
Outdoor or Out of Home (OOH) Media.
Internet.
PLEASE HELP !!!
If you are not interested in a particular job, simply ignore efforts the company makes to contact you.
T OR F
Answers
It is false because it's important to maintain a professional and respectful attitude towards potential employers or the company, even if you're not interested in the job. Ignoring their attempts to contact you could harm your professional reputation and future job prospects.
A company is a legal entity that is formed to carry out business activities. It is usually created by a group of individuals who come together to achieve a common goal of providing goods or services to customers in exchange for money.
The purpose of a job provided by the company is to provide individuals with a means to earn a living, develop skills and experience, and contribute to society through their work.
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Select the correct answer.
If the present value of an investment is $5,000, what will be its future value in three years if you apply a compound interest of 5 percent to it?
A.
$5,770
B.
$5,778
C.
$5,877
D.
$5,788
Answers
Answer:
D) 5,788
Explanation:
Hope this helps:)
define permanent office in one sentence
Answers
Answer:
A permanent office is also known as the long term office. It is established for the production and distribution of goods and services over a long period of time.
Explanation:
Mark me brainlistOne cost of starting your own business is
A. Loan payments on a small business loan
B. Escrow
C. Revenue
D. PMI
Answers
Answer:
A. Loan payments on a small business loan
Explanation:
One cost of starting your own business is loan payments on a small business loan.
business has considered the environment to be a. a limited supply. b. a scarce commodity. c. costly. d. free and nearly limitless
Answers
Business has historically considered the environment to be free and nearly limitless. The correct is option D
This means that companies have operated under the assumption that natural resources such as water, air, and land were readily available and did not need to be factored into the cost of doing business.
However, this mindset has been proven to be unsustainable and harmful to the environment. Natural resources are not limitless and are often overused or mismanaged, leading to degradation and pollution. As a result, the environment is now considered to be a limited supply, a scarce commodity, and often costly to preserve and maintain.
Businesses must now take into account the impact of their operations on the environment and factor in the cost of sustainable practices in order to ensure a healthy planet for future generations. This shift towards environmentally conscious practices is not only important for the health of the planet, but also for the long-term success and viability of businesses.
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a bond that is characterized by a fixed periodic payment schedule
Answers
Career pathways never overlap.
A.
True
B.
False
Answers
Answer: Your answer should be False! For me, career pathways always overlap!
Explanation: Thank you for the points!!
This communication channel is typically used to provide an audience with information about a product or service, usually for informational or persuasive purposes. It is a one-way communication in a visual medium.
Answers
Answer:
Online advertisement
Explanation:
In the ever-increasing technological world, online advertising is an extremely elaborate solution for the sale of any item or service or for the information about that item or service.
The use of online advertisements is usually an elaborate way of providing detailed information about goods and services in which information about goods and services is provided to individuals viewing through movable images, communication in the online advertising technological world.
This is a large medium of information as well as it is also a proper means of giving unilateral information.
How are logical operators used?
To identify and correct errors
O To make decisions
O To determine a problem
O To create a plan
Answers
Answer:
To identify and correct errors
Explanation:
paid Rs 1,00,000 to so Mrs Shakya as an advance to purchase office furniture.
It's journal voucher.....
Answers
Answer:
Dr. BE Mrs shakya, advance for furniture and fixtures
Cr. NRB
A study has found, among 100 students at a school, that enrollment in drama classes is correlated with high rates of participation in social-
service projects. What can we conclude from this correlation for this population?
O Both of the above
O Neither of the above.
O Drama classes cause increased volunteerism
Volunteering causes interest in drama,
Answers
Explanation:
Correlation does not lead to causation, no matter how strong the correlation may be. You'll need to do an experiment to see if one variable causes the other. There may be other factors that aren't being considered here. We consider these confounding variables.
An example of correlation doesn't lead to causation could be this: In the summertime, ice cream sales increase and the amount of sunburns increase. Both ice cream sales and sunburns are strongly positively correlated. Does eating ice cream cause a sunburn? The answer is "no" because clearly the sun is responsible for that. So the sun would be the confounding variable here. Specifically, the amount of sunlight exposure would be key here.
guysss i need helpppp
what color is a carrot plzzzzzz this teacher is on my a.ss about it
Answers
Answer:
BLUE Hope this helps :)))))
Explanation:
............
Answer:
totally megenta
Explanation:
☺️☺️☺️☺️☺️☺️☺️☺️
why was bank of america industry successful at one point
Answers
Answer:
Bank of America (NYSE:BAC) has had its fair share of missteps over the past decade, but it's also had successes. Topping the list for the latter is the progress it's made in mobile banking, which has enabled the bank to slash operating expenses in its consumer banking segment.
You can get a sense for Bank of America's success in this regard by looking at the number of people who use its mobile application. In the most recent quarter, the bank boasted 19.6 million active mobile users. That's five times the number it had in 2009. To put this in perspective, Bank of America has 60 million total clients within 45 million households.
The impact on Bank of America's transaction mix has been dramatic. Mobile check deposits are up by a factor of 10 since 2012, and now account for 16% of all deposit transactions at the North Carolina-based bank. If you also factor in ATM transactions, two-thirds of Bank of America's deposit transactions are now automated. That compares to only 35% in 2009.
Explanation:
Help me ITs EASY TAKE A LOOK
Answers
Answer:
a) Employees (Staff)
Chief Executive officer (Owner)
b) Government
Share holders
The ______is a financial statement detailing a firm's assets, liabilities, and owners' equity.
A. balance sheet
B. statement of cash flows
C. manufacturing statement
D. income statement
Answers
The income statement is a financial statement detailing a firm's assets, liabilities, and owner's equity. Thus, option 'D' is the correct option.
What is an income statement?One of a company's financial accounts, an income statement or profit and loss account, lists the company's revenues and costs for a specific time period. It describes the process through which revenues are converted into net income or net profit.
A period of time is represented by an income statement (as does the cash flow statement). The balance sheet, on the other hand, only depicts one point in time. There are two ways to create an income statement. The Single Step Income Statement calculates the net income by adding up all receipts and deducting all costs.
In order to get at the net income, the Multi-Step income statement makes a number of calculations, beginning with the gross profit and moving on to operational expenditure estimation. then, after taking the gross profit into account, you get income from operations.
Therefore, option 'D' (income statement) is the correct option.
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clark co., a u.s. corporation, sold inventory on december 1, 2021, with payment of 12,000 british pounds to be received in sixty days. the pertinent exchange rates were as follows: dec. 1 spot rate: $ 1.831 dec. 31 spot rate: $ 1.976 jan. 30 spot rate: $ 1.768 what amount of foreign exchange gain or loss should be recorded on december 31?
Answers
Clark Co. should record a foreign exchange gain of $1,740 on December 31, 2021.
How to calculate the Value of foreign exchange gainClark Co., a U.S. corporation, sold inventory on December 1, 2021, with payment of 12,000 British pounds to be received in sixty days.
To determine the foreign exchange gain or loss recorded on December 31, we need to consider the relevant spot rates:
- Dec. 1 spot rate: $1.831
- Dec. 31 spot rate: $1.976
On December 1, the receivable amount in U.S. dollars is calculated as 12,000 pounds * $1.831 = $21,972.
On December 31, the receivable amount in U.S. dollars is recalculated based on the new spot rate:
12,000 pounds * $1.976 = $23,712.
The difference between these two amounts represents the foreign exchange gain or loss.
In this case, it's a gain: $23,712 - $21,972 = $1,740.
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Which loan created a habit where the borrower kept coming back to request an extension?
Answers
Answer:
Extension proposals are not rare because of the buyer's perspective of bridging finance as well as the explanations for both the requirements can indeed be broad. The much more common explanations are.
Explanation:
It has required longer than planned to secure planning approvals. When a transaction has been negotiated, the borrower awaits an exchange of contracts. Additional resources as well as time are needed by the creditor to accomplish his project. Refurbishment analysis was suddenly postponed.Before actually refinancing the debt, the creditor waits for something like a new lender to conclude his thorough research. Throughout the final moment, the buyer of the creditor's property backs out, causing the borrower to bring the estate back into the marketplace. Throughout the last minute, the previous buyer refinancing the property backs out, obliging the creditor to find some mortgage company.It will be able to skip a set number of initial payments if you get a loan extension. Because of the buyer's perspective of bridging extension, finance proposals are common, and the explanations for both demands can be quite extensive.
Obtaining planning approvals has taken longer than anticipated.The borrower awaits the exchange of contracts after a transaction has been negotiated. The creditor will require additional money as well as time to complete his project.The investigation of refurbishment was abruptly postponed.The creditor waits for something like a new lender to finish his or her comprehensive research before refinancing the debt.The buyer of the creditor's property backs out at the last minute, forcing the borrower to relist the property on the market.The prior buyer refinancing the property backs out at the last minute, forcing the creditor to locate another mortgage provider.For more information related to borrower's habits on extension requests, refer to the link:
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an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
Answers
What do economies of scale, the ownership of essential raw materials, and patents have in common?.
Answers
The economies of scale, possession of required raw materials and patents are considered entry barriers in the market.
What do you mean by entry barriers?
Entry barriers refers to hurdles that restrict new organizations to enter any market segment. So when any organization decides to enter should check on these obstacles.
There are many barriers faced by organizations to get enter into the market which includes economies of scale, arrangements of funds, the policy of governing structure and so on.
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explain the conflict of interest involving nike, the nfl, and colin kaepernick. how are they all involved with one another?
Answers
The conflict of interest involving Nike, the NFL, and Colin Kaepernick is that Nike has a contract with Kaepernick as their brand ambassador, while the NFL had blackballed Kaepernick from the league after he took a knee during the national anthem to protest racial injustice and police brutality against Black people in America.
The NFL has a partnership with Nike to be the exclusive provider of uniforms and sideline apparel for all NFL teams, which created a tricky situation since Kaepernick's protest took place during the playing of the national anthem before games.
The NFL was facing backlash from fans and even the President of the United States for allowing Kaepernick and other players to kneel during the anthem, which they saw as a form of disrespect to the American flag and the military.
This led to Kaepernick not being signed to any NFL team for the past few seasons, which was widely believed to be a result of his activism and peaceful protest.
However, Nike's decision to make Kaepernick the face of their "Just Do It" campaign in 2018, with the tagline "Believe in something. Even if it means sacrificing everything," reignited the conversation around Kaepernick's protest and sparked new debate around the intersection of sports and politics.
Nike's move was seen as bold and controversial, but also as a smart business decision that aligned with the company's values and appealed to its target audience of young, socially conscious consumers.
In conclusion, the conflict of interest involving Nike, the NFL, and Colin Kaepernick stems from their overlapping business relationships and divergent political views on issues of racial justice, police brutality, and freedom of expression.
While Nike has chosen to embrace Kaepernick's activism as a marketing strategy, the NFL has tried to distance itself from his protest to avoid alienating its fan base and damaging its brand image.
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What is the education level of a majority of the Power, Structural, and Technical Systems workers?
Answers
Answer:
bachelor’s degree or apprenticeship
Explanation:
Given that Power, Structural, and Technical Systems workers require the knowledge of engineering, hydraulics, pneumatics, electronics, power, structures, and controls to the field of agriculture to become successful in the field. The majority of the workers in this field possess bachelor's degrees.
However, given that the role involves practical and on the job experience, some of them start as an apprentice right as High school leavers or Diploma.
Hence, in this case, the correct answer is "bachelor’s degree or apprenticeship"
What other cost categories are not reflected in the budget above? And how much do you estimate they will cost
you per month?
Answers
The correct answer to this open question is the following.
Although there are no options attached we can say the following.
The other cost categories that are not reflected in the budget above are the following.
Monthly internet subscription, recreational center, laundry, school expenses, entertainment, home supplies, and drugstore. (which include, cream, shampoo, soap, toothpaste, etc.)
And how much do you estimate they will cost?
Monthly internet subscription $15
Recreational Center $25
Laundry $30
School expenses $20
Entertainment $100
Home supplies $25
Drugstore (which include, cream, shampoo, soap, toothpaste, etc.) $50
The key here is not only to have a good budget but respect it and follow through. Otherwise, you will have problems at the end of the month trying to make ends meet.
EverFi question for Unit rates with budgets...
Answers
Zoe is trying to decide how to divide her time between her job as a wedding photographer, which pays $22 per hour for as
many hours as she chooses to work, and as a fossil collector, in which her pay depends on both the price of fossils and the
number of fossils she finds. Earnings aside, Zoe is indifferent between the two tasks, and the number of fossils she can find
depends on the number of hours a day she searches, as shown in the table below:
a. Using this information, compute the lowest price that Zoe would accept per fossil in order to justify her spending more
time collecting fossils and less time working as a wedding photographer.
Instructions: Complete the table below. Enter your responses rounded to the nearest penny (two decimal places).
Hours
per day
1
Lowest price Zoe
Total fossils would accept per
per day
fossil
6
$
2
11
$
3
3
15
$
4
18
$
5
20
$
Answers
The lowest price Zoe would accept per fossil is
Hours per day Lowest price Zoe would accept per fossil
1 $3.67
2 $4.40
3 $5.50
4 $7.33
5 $11
The relationship between the lowest price and the number of fossils collected is called the supply curve.
What is the lowest price Zoe would accept per fossil?
In order to determine the lowest price Zoe would accept per fossil we have to determine the marginal output of fossils per day and then divide the result by $22.
Marginal output of fossils when :
Fossils is 6 per day : 6Fossils is 11 per day : (11 - 6) / (2 - 1) = 5Fossils is 6 per day : (15 - 11) / (3 - 2 = 4Fossils is 6 per day : (18 - 15) / (4 - 3) = 3Fossils is 6 per day : (20 - 18) / (5 - 4) = 2Lowest price :
22/6 = 3.6722/ 5 = 4.422 / 4 = 5.522 / 3 =7.3322 / 2 = 11To learn more about supply curves, please check: https://brainly.com/question/26073189
"What a given group of people appreciates" are their ___________. A. Cultural contexts b. Culture shock c. Cultural education d. Cultural values Please select the best answer from the choices provided A B C D
Answers
Answer:
d. Cultural values
Explanation:
Cultural values are the values and norms that are followed by a distinct society or a group of people. In other terms, values and norms developed within the society to form its basis are said to be the cultural values. The people believe, follow, and appreciate the values. They help in defining the ways of living and leading the life. The behavior, nature, and thinking of the society is influenced or structured as per the cultural values.
Answer:
D
Explanation:
I just took the assignment