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What would be the slope of the consumption schedule or line for a given economy?
The slope of the consumption schedule, or line, in an economy represents the marginal propensity to consume (MPC), which measures the change in consumption resulting from a change in income. A steeper slope indicates a higher MPC, meaning consumers are likely to spend a larger portion of any additional income, while a flatter slope suggests a lower MPC, with consumers saving more of their additional income. This slope is crucial for understanding how changes in income levels affect overall consumption and economic activity.
What additional criteria must be met for a variable to be considered ordinal that is not a requirement for nominal-level measurement?
Just one criterion: it must be possible to put the levels of the variable in order. For example, people in a population might be categorised in terms of their incomes as low income, medium income and high income. In this instance, the income levels display an inherent ordering. Please see the link.
How is gross income different from net income?
net income is gross income less expenses
How do you calculate our annual income?
i am not good in maths, but generally we can calculate annual income by multiplying our monthly income by 12.. as if know how much is our monthly income.. similarly by multiplying, we can find annual income on behalf of weekly income, or daily income or even on hourly income...
Whats the difference between tax free income and taxable income?
You pay tax on taxable income and you don't on tax free income
The additional income from selling one more unit of a good?
Marginal Revenue
What is additional income?
Additional income is income you make apart from you main occupation. This can range from scrapping metal to babysitting. Depending on what you do for this additional income, you may or may not have to pay taxes on it.
What are the benefits of investing in covered calls and how can they help generate additional income in the money?
Investing in covered calls can provide a steady stream of income through premiums received from selling call options on stocks you already own. By selling covered calls, investors can generate additional income while potentially limiting downside risk. This strategy can be beneficial in a stable or slightly bullish market, as it allows investors to earn income even if the stock price remains flat or slightly increases.
Does selling old furniture count as income and do you have to pay income taxes on it?
yes
What was Primary income for Rembrandt?
Selling his paintings.
How much income do you get when you have a child?
You don't get any additional income for having a child.
Is store supplies expense a selling or general and administrative expense?
It is a selling expense to be accounted for on the Income Statement under Selling Expenses.
What are the importance of selling concept of marketing?
The Importance of Selling =because it's a good source of income D:o:N:e
Is selling a home for more than you paid for it considered income?
NO
Is selling on eBay considered self employment income?
babandjajdkdkd
Revenue income examples?
Income comes from selling a product. Income can also come from a business leasing a facility or land to another business.
Where are selling and administrative expenses found on the multiple-step income statement?
Selling and administration expenses are found under income statement after gross profit section and for the calculation of net profit
