Question
Assume Angela's disposable income is $800 and her boss gives her a $100 raise. Her consumption increased from $600 to $650. Which of the following
Assume Angela's disposable income is $800 and her boss gives her a $100 raise. Her consumption increased from $600 to $650. Which of the following is true?
A. MPC = .8
B. MPS = .8
C. MPC = .75
D. MPS = .75
E. MPC = .5
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Issues in Economics Today
Authors: Robert C. Guell
8th edition
1259746399, 1259746390, 978-1259746390
