iii. Calculate MPC for the following data:  Y1=2500​​​C1=1500 Y2=5000 ​​​C2=2500

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter5: Business And Economic Forecasting
Section: Chapter Questions
Problem 7E: The Questor Corporation has experienced the following sales pattern over a 10-year period: Compute...
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The year 2015

Base Year Price Index = (120)

 

Base Year Output = (4 million)

 

The year 2016

Current  Year Price Index = (140)

Current  Year Output = (5 million)

iii. Calculate MPC for the following data: 

Y1=2500​​​C1=1500

Y2=5000 ​​​C2=2500

 

 

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