You are given the following information :
Savings function, S, is a function of income Y , ie S=sY)
Consumption C, is a function of income Y ie C=c(Y)
Total income Y is equal to consumption C, plus savings S, assuming a closed economy ie Y=C+S
(a) Use the above information to derive a savings function given Consumption function C=a+bY (b) Graphically draw the savings function derived in (a) above • (c) Given the consumption function C=200+0.75Y
Draw a graph to demonstrate that consumption is an increasing function of income
Compute the change in consumption when consumer's income increase from Ksh 200. 00 to ksh 300. 00 ​
Answers: 3
Business, 22.06.2019 00:00, billey32
Exercise 4-6 the following balances were taken from the books of alonzo corp. on december 31, 2017. interest revenue $86,000 accumulated depreciation—equipment $40,000 cash 51,000 accumulated depreciation—buildings 28,000 sales revenue 1,380,000 notes receivable 155,000 accounts receivable 150,000 selling expenses 194,000 prepaid insurance 20,000 accounts payable 170,000 sales returns and allowances 150,000 bonds payable 100,000 allowance for doubtful accounts 7,000 administrative and general expenses 97,000 sales discounts 45,000 accrued liabilities 32,000 land 100,000 interest expense 60,000 equipment 200,000 notes payable 100,000 buildings 140,000 loss from earthquake damage 150,000 cost of goods sold 621,000 common stock 500,000 retained earnings 21,000 assume the total effective tax rate on all items is 34%. prepare a multiple-step income statement; 100,000 shares of common stock were outstanding during the year. (round earnings per share to 2 decimal places, e. g. 1.48.)
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Business, 22.06.2019 20:30, BeverlyFarmer
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Business, 23.06.2019 00:30, jaydanicole22
Industrial engineers who specialize in ergonomics are concerned with designing workspace and devices operated by workers so as to achieve high productivity and comfort. a paper published in this research area reports on a study of preferred height for an experimental keyboard with large forearm-wrist support. a sample of 31 trained typists resulted in an average preferred height of 80.0 cm
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You are given the following information :
Savings function, S, is a function of income Y , ie S=sY)...
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