Finley Ferguson

27 July, 15:56

The Jones family has a disposable income of $90,000 annually. Assume that their marginal propensity to consume is 0.8 (the Jones family spends 80% of new disposable income on consumption) and that their autonomous consumption spending is equal to $10,000. What is the amount of the Jones family/'s annual consumer spending?

+5

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question ✅ “The Jones family has a disposable income of $90,000 annually. Assume that their marginal propensity to consume is 0.8 (the Jones family ...” in 📘 Social Studies if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.

Search for Other Answers

You Might be Interested in

Early humans were able to move out Asia into North America during an Ice Age because of a land bridge. True or false

How many judges does the court of international trade have? a. 13 b. 2 c. 9 d. 94

Suzie screamed at her little brother, and her mother yelled, "we do not tell in this home!" suzie continues to yell at her brother despite her mother reprimanding her. suzie's behavior is best explained by

Bob, Carol, Ted, and Alice are splitting 25 identical jelly beans. Bob wants at least one jelly bean, Carol wants at least two jelly beans, Ted wants at least three jelly beans, and Alice wants at least four jelly beans.

What landmarks are in philadelphia, pennsylvania

New Questions in Social Studies

The four powerful pillars of democracy are:

What is the counterpart theodicy? what is one problem with the view?

A society in which race and racism are no longer issues would be considered ___. A. post-racial B. Institutionally racial C. Biased D. Mainstream

How did railroads most impact farming in the west during the late 1800s

Marilyn, a 79-year-old widow, has been financially exploited by her neighbor. This type of exploitation is known as