Question
Assuming that Y or Yd = P1250 and C = P1000, compute for APC & APS and interpret each.Disposable income increased by P525 which caused
Assuming that Y or Yd = P1250 and C = P1000, compute for APC & APS and interpret each.Disposable income increased by P525 which caused consumption spending to increase by P330, compute the MPC & MPS, and the new levels of APC & APS after the income change.Interpret the MPC & MPS.
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Managerial Economics and Strategy
Authors: Jeffrey M. Perloff, James A. Brander
2nd edition
134167879, 134167872, 9780134168319 , 978-0134167879
