Question
If the proportion of the total disposable income spend on consumer goods and services is 94.1 percent and if consumers spend 80 percent of each
If the proportion of the total disposable income spend on consumer goods and services is 94.1 percent and if consumers spend 80 percent of each additional dollar, what is
a) the APC?
b) the APS?
c) the MPC?
d) the MPS?
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An Inquiry Into The Nature And Causes Of The Wealth Of Nations
Authors: Adam Smith, R H Campbell
1st Edition
0865970068, 9780865970069
