Question
Question a) Think about your household. Is the concept of consumption function applicable to the behavior of your household? Why or why not? Discuss briefly.
Question
a) Think about your household. Is the concept of consumption function applicable to the
behavior of your household? Why or why not? Discuss briefly.
b) How can you calculate the marginal propensity to save (MPS) of your household?
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Microeconomics A Contemporary Introduction
Authors: William A. McEachern
9th edition
978-0538453714, 538453710, 978-1111415921
