7. suppose the payroll tax reduction for middle-income households has been extended in the amount of $200 billion for the remainder of 2018. assuming the mpc for that income group of households is 0.8 and also assuming that other things stay the same, the increase in gdp under this proposed extension of tax break is expected to increase by (δy)

Abbington company has a manufacturing facility in brooklyn that manufactures robotic equipment for the auto industry. for year 1, abbingtonabbington collected the following information from its main production line: actual quantity purchased-200 units, actual quantity used-110 units, units standard quantity-100 units, actual price paid-$8 per unit, standard price-$10 per unit. atlantic isolates price variances at the time of purchase. what is the materials price variance for year 1? 1. $400 favorable. 2. $400 unfavorable. 3. $220 favorable. 4. $220 unfavorable.