Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Macroeconomics Expert

Q1. Describe the marginal propensity to consume and describe why it is always less than one?

Q2. Suppose that the Graeme had $200,000 of disposable income and spent $180,000 on consumption in the year 2006 and had $300,000 of disposable income and spent $240,000 on consumption in the year 2007.

a) Determine Graeme's average propensity to consume in the year 2006?

b) Determine the Graeme's average propensity to consume in the year 2007?

c) Determine the Graeme's marginal propensity to consume?

d) If Graeme's income rise to $400,000 in the year 2008, how much would he be likely to spend on consumption that year? Illustrate the average propensity to consume?

e) If Graeme's income reduce to $100,000 in the year 2008, how much would he be likely to spend on consumption that year? describe the average propensity to consume?

Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M910190

Have any Question? 


Related Questions in Macroeconomics

Steve was employed by a temporary employment agency and was

Steve was employed by a temporary employment agency and was assigned to a department store during the Christmas shopping season. While lifting a heavy box, he strained his back and then required medical care and rehabili ...

Bnks are holding nearly 25 trillion in excess reserves

Banks are holding nearly $2.5 trillion in excess reserves. Explain why increased business uncertainty about future sales coupled with asymmetric information could explain why bankers are holding their reserves rather tha ...

Assignment descriptionfor this assignment you will research

Assignment Description For this assignment, you will research and write an APA research paper about environmental policies, including the following: • Choose 1 U.S. environmental law. State the name of the law and the da ...

Assignmentmany leadershipmanagement training programs eg

Assignment Many leadership/management training programs (e.g. MBA degrees) are focused upon transferring quantitative/ numerical/technical skills which produce graduates with a short-run perspective who profess to have t ...

All else held constant is a major problem facing all

"All else held constant" is a major problem facing all methods of estimating the demand for business products. Compare and contrast how the marketing and economic approaches deal with this problem. Please use examples.

Explain why the kinked demand curve model of oligopoly

Explain why the "kinked demand curve" model of oligopoly represents a game theory approach to oligopolistic behavior.

What efforts have been made and by whom to promote

What efforts have been made and by whom to promote alternative crops to peasants in Central and South America?

Stolls pasty farms has contracted you to do an economic

Stoll's Pasty Farms has contracted you to do an economic analysis of the regional market for pasties and you have been operating under the assumption that a pasty is a pasty is a pasty - in other words, one pasty is just ...

Suppose ralph and ed have the only store that sells toilet

Suppose Ralph and Ed have the only store that sells toilet bowls in northern Maine. Their nearest competitor is 211 miles away, and these two men have a reputation for producing high-quality toilet bowls. Graphically ill ...

Thinking back on what you have learned in this course

Thinking back on what you have learned in this course, identify the single most important economic principle learned and explain why it was more significant than any other principle or concept.

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen