If saving function is given as: S=-110 +0.7(Y),then MPC is0.70.4None of these0.3 From the given options, which of thefollowing are not a part of the social cost tobe added to the private cost of a vehiclepowered by gasoline?Ozone pollutionCarbon emissionsNone of the aboveTraffic jam

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Answered: If saving function is given as: S=-110…

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If saving function is given as: S=-110 +0.7(Y), then MPC is O 0.7 0.4 None of these 0.3

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

If saving function is given as: S=-110 +0.7(Y),
then MPC is
0.7
0.4
None of these
0.3

From the given options, which of the
following are not a part of the social cost to
be added to the private cost of a vehicle
powered by gasoline?
Ozone pollution
Carbon emissions
None of the above
Traffic jam

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