subject
Business, 30.07.2019 06:10 genyjoannerubiera

Suppose economists observe that an increase in government spending of $10 billion raises the total demand for goods and services by $30 billion.(a) if these economists ignore the possibility of crowding out, hat would they estimate the marginal propensity to consume (mpc) to be? (b) now suppose the economists allow for crowding out. would their new estimate of the mpc be larger or smaller than their initial one? explain.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 02:30
The dollar value generated over decades of customer loyalty to your company is known as brand equity. viability. sustainability. luck.
Answers: 1
question
Business, 22.06.2019 12:30
True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product
Answers: 1
question
Business, 22.06.2019 17:00
Cadbury has a chocolate factory in dunedin, new zealand. for easter, it makes two kinds of “easter eggs”: milk chocolate and dark chocolate. it cycles between producing milk and dark chocolate eggs. the table below provides data on these two products. demand (lbs per hour) milk: 500 dark: 200 switchover time (minutes) milk: 60 dark: 30 production rate per hour milk: 800 dark: 800 for example, it takes 30 minutes to switch production from milk to dark chocolate. demand for milk chocolate is higher (500lbs per hour versus 200 lbs per hour), but the line produces them at the same rate (when operating): 800 lbs per hour. a : suppose cadbury produces 2,334lbs milk chocolate and 1,652 lbs of dark chocolate in each cycle. what would be the maximum inventory (lbs) of milk chocolate? b : how many lbs of milk and dark chocolate should be produced with each cycle so as to satisfy demand while minimizing inventory?
Answers: 2
question
Business, 22.06.2019 23:30
Decision alternatives should be identified before decision criteria are established. are limited to quantitative solutions are evaluated as a part of the problem definition stage. are best generated by brain-storming.
Answers: 1
You know the right answer?
Suppose economists observe that an increase in government spending of $10 billion raises the total d...
Questions
question
Mathematics, 06.05.2020 03:26
question
Mathematics, 06.05.2020 03:26
question
Mathematics, 06.05.2020 03:26
question
Mathematics, 06.05.2020 03:26
question
Mathematics, 06.05.2020 03:26
Questions on the website: 13722367