Calculate the mps and mpc for the family

Assignment Help Econometrics
Reference no: EM13213769

Suppose a family's annual disposable income is $58,000 of which it saves $8000. if their income rises to $64,000 and they paln to ave a total of $9,500 at this income level, calculate the MPS and MPC for this family?

Reference no: EM13213769

Questions Cloud

How to complete the reaction in a dinitration : Why can a first nitration be done at 0 degrees Celsius but the ice bath is removed to complete the reaction in a dinitration
How much the account earns interest per year : How much must you deposit in your retirement account each year for 10 years starting now (i.e., years 0 through 9) if you want to be able to withdraw $50,000 per year forever beginning 30 years from now Assume the account earns interest at 10% per..
What push-pull theory issues : What push-pull theory issues pushed the people effected by the khmer regime out of their country and what reasons pulled them into the united states.
Explain the same woman climbing a mountain needs : A 120 pound woman working in an office consumes about 2200 kcal/day, whereas the same woman climbing a mountain needs 3400 kcal/day.
Calculate the mps and mpc for the family : Suppose a family's annual disposable income is $58,000 of which it saves $8000. if their income rises to $64,000 and they paln to ave a total of $9,500 at this income level, calculate the MPS and MPC for this family
Determine deltah for the combustion of ethanol : Find deltaH for the combustion of ethanol (C2H6O) to carbon dioxide and liquid water from the following data. The heat capacity of the bomb calorimeter
Perimeter protection security : identifying vulnerable areas of perimeter protection security.
What amount would the two transactions added : Assume that a grower of flower bulbs sells its annual output of bulbs to an Internet retailer for $80,000. The retailer, in turn, brings in $125,000 from selling the bulbs directly to final customers. What amount would these two transactions added..
Alarms-security measures to utilize for perimeter protection : 1. What are the most appropriate alarms and security measures to utilize for perimeter protection? Might aesthetics and customer convenience affect perimeter security?

Reviews

Write a Review

Econometrics Questions & Answers

  Find initial cost and net income

Stephen Zehnder, an enterprising engineer, wants to get into business. He is looking at the following two alternatives. He has compiled the cost data for both alternatives as shown in table below. If Stephen wants to have at least a rate of return..

  Compute abbys nominal spending on apples

Abby consumes only apples. In year 1, red apples cost $1 each, green apples cost $2 each, and Abby buys 5 red apples and 2 green apples. In year 2, red apples cost $2, green apples cost $1, and Abby buys 1 red apple and 7 green apples. Compute a ..

  What is the expected cost of labor in the first year

Ford is budgeting $300,000 per year to pay for labor over the next 5 years. If the company expects the cost of labor to increase by $10,000 each year, and the annual interest rate is 10%,  what is the expected cost of labor in the first year

  What is opportunity cost of your day at professional game

Ahead of you is a wonderful weekend. You bought a ticket to see a professional football game. The ticket cost $50 a piece, plus you estimate a cost of $25 each for gas to the game and parking. Since the game is in the middle of the afternoon, you ..

  How much l is needed to produce 100 frisbees per hour

Frisbees are produced according to the production function q = 2K+L where q =output of frisbees per hour, K =capital input per hour, L =labor input per hour. a) If K = 10, how much L is needed to produce 100 frisbees per hour

  What is the standard deviation of acres burned per year

the number of acres burned by forest fires and range fires each year is normally distributed with a mean of 5,300 acres. Last year 4,400 acres burned and it was reported that this acreage was 1.43 standard deviations below the mean.

  What is the probability of exactly 5 defective coins

The U.S. mint, which produced billions of coins each year, has a mean defect rate of 5.2 coins per day. Let X be the number of defective coins produced on a given day. What is the probability of exactly 5 defective coins on a given day

  How to increase profit in fast food restaurant

Imagine you are a consultant hired to give advice to a fast food restaurant which is faced with employees asking for a 25% increase in pay. In order to give good advice, you need more information. Create three to four (3-4) questions that you woul..

  Write the function for the indifference curve

Write the function for the indifference curve and graph it when U=10 and U = 20. b) Write the function for the budget constraint and graph it.c) What are the utility maximizing amounts of X1 and x2 given the budget constraint? d) Would your answer..

  Determine the profit maximizing price and output

Weekly demand and cost relations for Sandpiper Products, Inc., are given by the equations P = $180 - $10Q (Demand) TC = $75,000 + $5Q + $7.5Q2 Where Q is the quantity produced and sold per week. a. Determine the profit maximizing price and output. (Q..

  Determine the value of m1 and m2 multipliers

If the ratio of currency to transaction deposits is 2, the ratio of nontransaction deposits to transaction deposits is 5, the ratio of retail money-market funds to transactions deposits is 1, the ratio of required reserves to transactions deposits..

  How many of each will jane purchase

In each case, draw a budget line that shows her available choices, and indicate her best choice by adding indifference curves. Assume that Jane only cares about the number of peanuts, and not about the size of the bag.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd