How much do consumers spend with incomes

Assignment Help Microeconomics
Reference no: EM13337822

If the consumption function is C = $200 billion + 0.9Y, 

a) How much do consumers spend with incomes of $6.75 trillion? 

b) How much do they save?

Reference no: EM13337822

Questions Cloud

What price and quantity maximize total revenue : Alexander Machine Tools faces the demand curve P = $70 - 0.001Q. What price and quantity maximize total revenue? What is the price elasticity at this point?
What is the size of the labor force what is the official : Assume the following data for a country: total population, 500; population under 16 years of age or institutionalized, 120; not in labor force, 150; unemployed, 23; part-time workers looking for full-time jobs, 10. What is the size of the labor force..
What does the wto do that differentiates it from the section : In terms of trading bloc characteristics, how does the EU (European Nation) compare with the 50 States in the U.S. ?
Beer and pizza are complements because they are often enjoy : Beer and pizza are complements because they are often enjoyed together.When the price of beer rises, what happens to the supply, demand, quantity supplied, quantity demanded, and the price in the market for pizza
How much do consumers spend with incomes : How much do consumers spend with incomes of $6.75 trillion
What are the income effects from an increase in the price : What are the income effects from an increase in the price level, P, for a household that has a positive value of initial nominal bonds, B0, if B0 is zero or negative?
How do they matter to you as an individual who is part : Two of the major macroeconomic measures that tell us how 'healthy' the economy is are "the unemployment Rate" and "the rate of Inflation".
Explain which intellectual property appears the most : Explain which intellectual property appears the most difficult for a business owner to protect. Provide support for your answer.
What price-quantity combination maximizes the profits : Monopoly manager has the demand and cost functiones as P=200-2Q and C(q)=2000+3Q2

Reviews

Write a Review

Microeconomics Questions & Answers

  Future economic glowth

Future economic glowth

  Why hyperinflation has such a devastating impact n economies

Explain why hyperinflation has such a devastating impact n economies. Explain what it takes to stop hyperinflation Describe the three types of unemployment. What types of government programs would be most effective in combating each type of unempl..

  Which shifts aggregate demand to the left

other things the same, a fall in the economys overall level of prices tends to 1.rise both the quantity demanded and supplied of goods and services 2.rise the quantity demanded of goods and services, but lower the quantity supplied3.lower the quantit..

  Which two division managers at king size manufacturing

The manager defends this decision because, he says, his division has been providing the bulk of the profits for the company. Division J is smaller, and its manager syays that it is time to make the divisions more even in size.

  Explain the rapid development in india

In 1999, India did not have shopping malls. It now has more than 100 malls. explains this rapid development.

  Property tax effect on foreign investment

Assume you were appointed economic adviser to a less developed country in Africa. The country seeks to encourage capital formation and wants to raise the rate of saving of its own residents and encourage foreigners to invest in their country.

  Fixed factor in the short run

In the economic theory of the company, we generally discuss only 2-factors, labor and capital, and in short run labor is variable factor and capital is the fixed factor of production.

  Research a company that has implemented integration strategy

Explicate how the company was either helped or harmed by the intensive strategy it chose. Try to identify a way this strategy could have been improved. With you second company tell how it could benefit for the intensive strategies it has not implem..

  Moral limits of markets

The "Moral Limits of Markets" by Michael J. Sandel.

  How the demand for a commodity is represented

Assume that demand for a commodity is represented by the equation P = 10 - 0.2 Q d, and supply by the equation P = 2 + 0.2 Qs where Qd and Q s are quantity demanded and quantity supplied, respectively, and P is the Price.

  Explain how manufacturing costs flow

A job order cost accounting system is fully integrated into the general ledger of a company. Identify the major general ledger accounts used in a job order cost system

  Style of an academic journal article

Write your paper in the style of an academic journal article. The in-class readings, as well as articles published in The Rand Journal,

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