Determine his marginal propensity to consume
Determine his marginal propensity to consume? Gabriel disposable income increase from R20 000 to R25 000. As a result his saving increases from R300 to R4500.
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They should be easy to forecast, provided market participants have adaptive expectations. they should be easy to forecast, provided market participants have rational expectations.
Bo-Peep's demand for sheep is given by the S = 600 - 10P, where P is the price per sheep and S is the number of sheep that Peep will buy. If the price of sheep = $40 each, determine how many sheep will Peep buy?
Explain how much money would the consumer need in order to have the same utility level after the price change as before the price change?
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What is the share of total income that will go to land if the economy is competitive so that factors of production are paid the value of their marginal products?
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