Answer:
Disposible income.
Marginal propensity to consume.
Disposible income, marginal propensity to consume.
The consumption will increase by $800
Explanation:
The consumption function shows the relationship between consumption spending and disposible income.
The slope of the consumption function is the marginal propensity to consume.
Changes in consumption can be predicted by multiplying the change in disposible income by the marginal propensity to consume.
Given: MPC = 0.80
Disposible income increases by $1,000
consumption increase = 0.80*$1000
= $800
Therefore, The consumption will increase by $800.
Answer:
Option (c) is correct.
Explanation:
Stephen can move 70 boxes or bake 28 cookies:
Opportunity cost of moving a box = (28 ÷ 70)
= 0.4 cookies
Opportunity cost of baking a cookie = (70 ÷ 28)
= 2.5 boxes
LeBron could move 24 boxes or bake 6 cookies:
Opportunity cost of moving a box = (6 ÷ 24)
= 0.25 cookies
Opportunity cost of baking a cookie = (24 ÷ 6)
= 4 boxes
Yes, trade is possible.
Stephen has a comparative advantage in baking cookies because of the lower opportunity cost than LeBron, so he is specialized in baking cookies.
On the other hand, LeBron has a comparative advantage in moving boxes because of the lower opportunity cost than Stephen, so he is specialized in moving boxes.
Stockholders, employees and environmentalists are examples of stakeholders whose interests and needs often conflict.
<h3>Who is a
stakeholder?</h3>
A stakeholder can be defined as an independent individual, organization or social group that has an interest in a particular business organization (company), and as such they can either affect or be affected by the decisions taken in the business.
This ultimately implies that, stockholders, employees, investors, and environmentalists are examples of stakeholders whose interests and needs often conflict.
Read more on stakeholders here: brainly.com/question/15532995
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