ZuoTi.Pro
Question

A consumer may increase his or her saving by Question 8 options: 1) working more hours...

A consumer may increase his or her saving by

Question 8 options:

1)

 working more hours and consuming more goods in the present period.

2)

 working more hours and consuming fewer goods in the present period.

3)

 working fewer hours and consuming more goods in the present period.

4)

 working fewer hours and consuming fewer goods in the present period.

5)

 working more hours and paying less taxes in the present period.
business   economics   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Answer : Option 2 is correct. As consumer may increase his or her saving because the consumer has work more hours and consumed less goods in order to earn maximum return and profit.

0 0
Add a comment
Know the answer?
Add Answer to:
A consumer may increase his or her saving by Question 8 options: 1) working more hours...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • The supply of loanable funds (the source of funds) consists of Question 1 options: a) Total domestic saving a...

    The supply of loanable funds (the source of funds) consists of Question 1 options: a) Total domestic saving and net foreign saving. b) Investment and net exports. c) Total domestic saving and investment. d) Only total domestic saving. Question 2 (1 point) Saved Assuming all else held constant, an increase in net exports will lead to Question 2 options: a) an increase in net foreign saving. b) a decrease in the source of funds. c) a decrease in the trade...

  • 15. How may an engineer reinstate his or her license that has lapsed for more than...

    15. How may an engineer reinstate his or her license that has lapsed for more than three years? (a) By making a personal appearance before the Board asking for reinstatement. (b) By paying all appropriate renewal and penalty fees. (c) By submitting an application covering the period of non-renewal, paying all appropriate fees, and taking and passing an examination if required. (d) By petitioning the Executive Officer for reinstatement, providing the petition is signed by no less than four registered...

  • 2 Two Period Model of Consumption/Saving Decisions with Taxes (8 points) Assume a consumer who has...

    2 Two Period Model of Consumption/Saving Decisions with Taxes (8 points) Assume a consumer who has current period income y200, future period income y-150, current taxes t = 40, and future taxes t' 50, and faces a market interest rate of r-5 percent or .05. The consumer would like to consume such that e'=e*(1+r) if possible. However, this consumer is faced with a credit market imperfection, in that no borrowing is allowed. That is s must be greater or equal...

  • 3. A consumer lives for two periods. His income in period 1 is Y, and his...

    3. A consumer lives for two periods. His income in period 1 is Y, and his income in period 2 is Y.,. The consumer is free to lend and borrow at zero interest rate (r=0 and R=1+r=1). Y, = Y, = 10. (a) What is the price of consumption in period 1 in terms of consumption in period 2? (How many units of period 2 consumption must the consumer give up to get an additional unit of consumption in period...

  • Suppose Bob consumes two goods *; and *a. His budget is $20 and the market prices...

    Suppose Bob consumes two goods *; and *a. His budget is $20 and the market prices of *1 and ta are P1 = 2 and Pa = 2 respectively. The utility of Bob of consuming $1 units of X1 and 42 units of Iz is u (31. 12) = V7+2 Vs Suppose that the price Pa drops from $2 to $1. The subsitution effect of the price change of P. is a. Bob consumes more * and consumes the same...

  • Keep the Highest: 7/8 Attempts: 75 4. Income taxes Aa Aa Jeff, a resident of Econoland, currently works 20 hours a week and earns an annual income of $80,000. The following table shows income tax rat...

    Keep the Highest: 7/8 Attempts: 75 4. Income taxes Aa Aa Jeff, a resident of Econoland, currently works 20 hours a week and earns an annual income of $80,000. The following table shows income tax rates in Econoland Annual Income Tax Rate 10% Up to $80,000 From $80,000 to $120,000 20% 30% Over $120,000 This is an example of a income tax After paying income taxes, Jeff receives per year If Jeff works an additional 10 hours a week (30...

  • 8. Darlene decides to spend two hours sunbathing in the afternoon rather than working at her...

    8. Darlene decides to spend two hours sunbathing in the afternoon rather than working at her job which pays $10 per hour. Darlene’s tradeoff is A. the beautiful tan she obtains from sunbathing for those two hours. B. the $20 she could have earned working for two hours. C. nothing, because she enjoys sunbathing more than working. D. nothing, because she enjoys working more than sunbathing. E. nothing, because she spent $20 for suntan lotion and cold beverages to consume...

  • If a consumer is spending a small portion of his or her income on a good,...

    If a consumer is spending a small portion of his or her income on a good, then the demand for the good is likely to be inelastic. True False A consumer is in equilibrium when the slope of his or her indifference curve is equal to his or her budget constraint. True False The below figure shows the various combinations of the goods X and Y that yield different levels of utility. Figure 7.3 In Figure 7.3, if the price...

  • Economists use the word equity to describe a situation in which Question 9 options: 1) each...

    Economists use the word equity to describe a situation in which Question 9 options: 1) each member of society has the same income 2) those in society who have the least will receive the most 3) the benefits of society's resources are distributed fairly among society's members 4) society is getting the most it can from its scarce resources Productivity is defined as the 1) amount of labor which can be saved by replacing workers with machines 2) number of...

  • QUESTION 1 The total measure of satisfaction from consuming a specified number of goods is called...

    QUESTION 1 The total measure of satisfaction from consuming a specified number of goods is called Marginal costs Utility Marginal Utility total costs QUESTION 2 The amount of satisfaction from the last unit consumed. average costs total utility Marginal utility marginal costs QUESTION 3 As more and more of a product in consumed, ________________. marginal utility stays the same marginal utilty increases marginal utility turns into average utility marginal utility decreases QUESTION 4 If the marginal utility per dollar is...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT