If the value of MPC is 0.25 Find the value of MPS.

Q: What determines the slope of a consumption function?

A: Consumption, represented as expenditure for utility acquirement. Consumption involves the ultimate…

Q: What is a qualitative forecasting model, and when is its use appropriate?

A: Forecasting refers to making predictions based on past and present data and analyzing the trends.…

Q: If you were studying the following relationship, which variable would be exogenous and which would…

A: Endogenous variables are those variables whose values are determined in the model. It is also called…

Q: Change in consumer incomes Change in prices of соmpeting products Change in prices for raw materials…

A: The demand and supply curves both are the functions of price and quantity. There are many factors…

Q: what does it mean to have a linear correlation? Give an example of one.

A: Correlation can be defined as a linear relationship between two variables. The value of correlation…

Q: Define time preferences for consumption

A: The time preference of consumption shows the strength of satisfying the desire in present rather…

Q: Can MPC be negative or greater than 1? Why or why not

A: Marginal propensity to consume (MPC):  MPC measures the change in spending on consumption with the…

Q: Which of the following is not a continuous variable? Time to complete this question. Interest rate.…

A: Continuos variable can take any value in a particular interval. Example; Weight of students in…

Q: Consumers become pessimistic about the state of the economy and futureproductivity growth.

A: If consumers become pessimistic about the state of the economy and futureproductivity growth, the…

Q: What is meant by the tetm "random walk "? Under what conditions will consumption function follow…

A: The Random walk theory of consumption states that the consumption patterns of consumers cannot be…

Q: The best example of a marginal change is     A change in anybody's income for a long time     A…

A: In economics, marginal analysis is made to compute the maximum or minimum value according to the…

Q: The functional relationship between savings and income is known as _________ function

A: # Saving is one of the component of income which remains unconsumed.  Savings can be zero or even…

Q: Find the APC when consumption is said to be 192 and the income is 246

A: Basically in the given question Consumption value is = 192 Income is given = 246 APC = ?

Q: The slope of IC2 from A to B is: Good X 10 IC 8 ICz 10 12 Good Y 00

A: Indifference curve shows different combinations of two goods that give same level of utility.

Q: What are the stages of econometrics research

A: Econometrics is the quantitative application of statistical conclusions, economic theory, and…

Q: What is a probit model vrs. a logit model?

A: Probit and Logit model are used when we need to predict or analyze the binary dependent variable.In…

Q: Find APC if consumption is $300 and income is $3000

A: The information being given is:- Consumption = $300 Income = $3000 APC = ?

Q: Define the term inventories?

A: Inventories refer to the stock of goods of a firm or business.

Q: Find APC if consumption is $300 and income is $3000.

A: Given data: Consumption, C=$300 Income, Y=$3000

Q: In the two-period model, which equation represents the consumer's lifetime budget constraint? +c'…

A: In this question, we will derive the consumer lifetime budget constraint. Let  period  1 consumption…

Q: # Calculate MPC when it is given that the value of MPS Is 0.66

A: # We know that when we do the summation of MPS and MPC we always get 1  That is:- MPS + MPC = 1

Q: Examine the following statement and determine the accuracy of the statement.  Cars are considered…

A: P(own price) and Qd are negatively related which means that with the rise in P, the Qd will fall…

Q: Explain how the income from production is distributed to labor and capital according to the…

A: It shows the division of National income among factors of production. The assumptions made under…

Q: consumption per worker is increasing.

A: In the Solow growth model, steady state level is achieved when the investment and the depreciation…

Q: What is a probit model?

A: The Probit model is used in a regression analysis where the dependent variable is dichotomous i.e.…

Q: The change in consumption is $300 and change in income is $1000 Find the value of MPC

A: The marginal propensity to consume (MPC) measures the proportion of a unit of the consumer's income…

Q: Calculate MPC when MPS is given to be as 0.9

A: # We know well that the sum of MPS and MPC is given as 1 MPS + MPC = 1

Q: Solve for the MPK, assuming that the MPL in the production of smartphones is 50 per smartphone per…

A: with the given information, MPL = 50 MRTS = 1/4

Q: What are the pros and cons of businesses using predictive models to make decisions?

A: The predictive models are the models which would result in the prediction of the sales or the…

Q: Why does the rate of return from education in surveys tend to lean bias upwards or downwards?

A: Education investments can be measured in terms of their rate of returns. To set policy guidelines…

Q: What is a logit model?

A: A Logit Model is the binomial regression model, better known as Logistic Regression. Using logistic…

Q: why the consumption of non durables relatively smooth as compared to durables

A: Durable goods are basically considered as those goods which have the long life value. And can be…

Q: What is good and bad uncertainty in economics? Please include math

A: Uncertainty is described as the situation which has no probability of prediction. It is a situation…

Q: 3- Given the way the MPI is designed, there are some aspects that may not be captured. For instance,…

A: True the Master Patient Index (MPI)  is one of the tools that discusses about the broad function and…

Q: If the disposable income is $1000 and consumption expenditure is $ 750. Find the AP

A: The disposable income = $1000 Consumption expenditure = $750

Q: The reason for TVC curve to be S shaped is the law of ___________

A: # the total variable cost is one of the constituent of the total cost of the firm. The total cost of…

Q: Identify any three non‐income determinants of consumption

A: The consumption function shows the functional association between the gross national income and…

Q: If consumption is $5000 and income is $10,000 Calculate APC

A: The information being given is:- Consumption = $5000  Income = $10,000  We have to calculate the…

Q: The upward-sloping TVC curve explains why an increase in production increases the TC.

A: According to the production theory, a firm always works towards maximizing its profit and a firm…

Q: HDI vs GNI formula to create scatterplot

A: HDI also called Human Development Index is a measure of average achievements of various human…

Q: From the following data, Level of income = 3200 Autonomous consumption = 400 Investment = 900…

A: As per the question, Income is valued as = 3200 The autonomous consumption = 400 The investment…

Q: Use the information in the table below to answer questions about the economy of Watis. a. Complete…

A: Answer: Introduction: MPC (marginal propensity to consume): it refers to the change in consumption…

Q: Find the level of savings when consumption is $610 and the income is $111

A: Generally in the given question Consumption amount is =$610 Income is = $111 Savings = ?

Q: what does (D1/P0) represent?

A: This formula represents the following stated in the next step.

Q: Given the scatter diagram in Figure 8-1, what is the MPC (your best estimate)?   a.  1     b.  2/3…

A: MPC is marginal propensity to consume. It is percentage of income that is spent on consumption.

Q: decreasec increased better trai a decreas

A: demand for labor is derived from the output which a firm demand.