Consumption expenditures are a function of ________

A) the real interest rate
B) disposable income
C) autonomous consumption
D) all of the above
E) none of the above

D

Economics

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Jerry is interested in purchasing a washing machine. The price of the machine is $500. The probability that the machine will break down is 20% every year

If the machine breaks down in the first year and Jerry holds a warranty, he receives a new washing machine worth $400 that year. If the machine breaks down after two years and he holds a warranty, he receives a new machine that is worth $300 after the second year. The price of a warranty for two years is $100. The market interest rate is 5%. Is buying the warranty a good investment for Jerry? Explain your answer. Show all the necessary calculations.

Economics

________ saw the home as a workplace which could be made more efficient. Her husband Frank (an efficiency expert in factories) wrote a book about their marriage and twelve children, Cheaper by the Dozen, which has been made into movies

a. Eleanor Shively b. Evelyn Draper c. Ellen R. Richards d. Lillian Gilbreth

Economics