BuyFind

Economics:

10th Edition
BOYES + 1 other
Publisher: Cengage Learning
ISBN: 9781285859460
BuyFind

Economics:

10th Edition
BOYES + 1 other
Publisher: Cengage Learning
ISBN: 9781285859460

Solutions

Chapter
Section
Chapter 9, Problem 10E
Textbook Problem

What is the marginal propensity to consume if :

a. Consumption increases by $75 when disposable income rises by $100?

b. Consumption falls by $50 when disposable income falls by $100?

c. Saving equals $20 when disposable income equals $100 and saving equals $40 when disposable income equals $300?

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