Decrease of autonomous consumption

Reference no: EM13688666

What affect does a decrease of autonomous consumption of 100 have on income if propensity to consume is .2?

Reference no: EM13688666

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Find peters optimal consumption bundle : There are two goods in the world, pumpkins (x1) and apple cider (x2). Pumpkins are $2 each. Cider is $7 per gallon for the first two gallons. After the second gallon, the price of cider drops to $4 per gallon.

Damages should be commensurate with the actual damages : In 2002, the Ninth Circuit court agreed that the punitive damages were too high given a US Supreme Court decision that punitive damages should be commensurate with the actual damages.

Willing to pay to purchase the bond : Lucy Lampkin wants to purchase a bond with a face value of $7,000 and a bond rate of 6% per year, payable at 3% semiannually. The bond has a remaining life of 5 years.

Suppose a firms production function : Suppose a firms production function is given by Q= L^1/2 * K^1/2. The marginal product of labor and the marginal product of capital are given by: MPL= K^1/2 /2L^1/2 and MPk= L^1/2/2K^ 1/2.

Decrease of autonomous consumption : Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 ..

What is the relative income hypothesis : What is the relative income hypothesis? Evaluate this statement: “Once income exceeds the subsistence level, individual perceptions of the adequacy of their economic performance depend almost solely on relative as opposed to absolute position.”

Identify three firms you might want to work : Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 ..

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