Consumption equals $32,000 when disposable income equals $40,000. Consumption increases to $38,000 when disposable income increases to

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Consumption equals $32,000 when disposable income equals $40,000. Consumption increases to $38,000 when disposable income increases to $50,000. What is the marginal propensity to consume? The marginal propensity to save?

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Exploring Economics

ISBN: 9781439040249

5th Edition

Authors: Robert L Sexton

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Question Posted: Feb 07, 2013 05:52 AM

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Consumption equals $32,000 when disposable income equals $40,000. Consumption increases to $38,000 when disposable income increases to

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Given data Consumption 32000 Increase in consumption 38000 Disposable income ...View the full answer

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