Which one of the following reasons makes it easier to forecast the impact of an income change on consumption for hand‑to‑mouth consumers than for consumption smoothers? It is easier because hand-to-mouth consumers save a large portion of their income. the marginal propensity to consume is 1 for consumption smoothers. hand-to-mouth consumers only spend their permanent income. hand-to-mouth consumers spend their entire income as they earn it.

Do it! review 16-3 the assembly department for right pens has the following production data for the current month. beginning work in process units transferred out ending work in process 0 22,500 16,000 materials are entered at the beginning of the process. the ending work in process units are 70% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs. materials conversion costs the equivalent units of production