Total increase in national income
In an economy the MPC is 0.75. Investment expenses in the economy raise by Rs.75 crore. Compute total increase in national income.
Expert
K = DY/DI = 1/1-MPCDY = DIx1/1-MPC= 75x1/1-0.75= 300 Crore
When raising ticket prices for Brad Paisley concert tickets raises total ticket revenue, in that case the demand for the concert tickets: (i) perfectly price inelastic. (ii) relatively price inelastic
Due to enhancement of technology, the marginal costs of televisions encompass vanished. How will it influence the supply curve of television? Answer: Supply curve w
The economic perspective refer as: 1) macroeconomic phenomena, but not microeconomic phenomena. 2) microeconomic phenomena, but not macroeconomic phenomena. 3) the making of purposeful decisions in a context of marginal costs and marginal benefits. 4) unlimited resour
Business firms least commonly finance investment within new economic capital by: (w) retained earnings. (x) the issuance of common or preferred stocks. (y) borrowing from banks or other financial institutions. (z) gra
I have a problem in economics on Problem on sole Proprietorships. Please help me in the following question. The form of business association with the greatest potential financial liability for its owners is the: (1) Corporation. (2) Sole proprietorshi
If the resource suppliers are paid less than the values of their marginal products [VMPs], then they are stated to be: (i) In equilibrium. (ii) Exploited. (iii) Monopolistic. (iv) Monopsonistic. Can someone please help me in findin
When curve C reflects the long run supply curve as in demonstrated figure for this industry, in that case this is a/an: (w) decreasing cost industry. (x) increasing cost industry. (y) constant cost industry. (z) diseconomies of scale industry.
I have a problem in economics on Agency Shop Agreements-Labor contracts. Please help me in the following question. The labor contracts having agency shop arrangements need: (1) Staff of the firm to pay dues to union. (2) The firm to hire just union me
Can someone please help me in finding out the accurate answer from the following question. The changes in gasoline prices do not change short-run demands for (1) Bigger versus smaller cars. (2) Gasoline. (3) Alternative forms of the transportation. (4) Batteries, Tire
When drought causes ranchers to in advance take cattle to the market, one short-run tendency will be for: (1) The demand for beef to rise. (2) Restaurants to experience shortages of the steak. (3) Prices for pork and lamb to decline. (4) Corn and wheat to become less
18,76,764
1955616 Asked
3,689
Active Tutors
1460725
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!