Question
When disposable income equals $800 billion, consumption expenditure equals $600 billion and when disposable income equals $1,000 billion, consumption expenditure equals $760 billion. What is
When disposable income equals $800 billion, consumption expenditure equals $600 billion and when disposable income equals $1,000 billion, consumption expenditure equals $760 billion. What is the marginal propensity to consume?
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Economics of Strategy
Authors: David Besanko, David Dranove, Mark Shanley, Scott Schaefer
6th edition
978-1118273630, 111827363X, 978-1118319185
