Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Consumption Disposable Income $ 1 , 2 0 0 $ 3 , 0 0 0 2 , 1 0 0 4 , 0 0 0

Consumption
Disposable Income
$1,200
$3,000
2,100
4,000
3,000
5,000
Given the consumption schedule in the table above, the marginal propensity to save is
Part 2
A.
0.1.
This is the correct answer.B.
0.4.
C.
0.7.
D.
0.9.
Your answer is not correct.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Econometrics

Authors: R Hill

4th Edition

1118136969, 9781118136966

More Books

Students also viewed these Economics questions