The change in disposable income is $200 and the change in saving is $50.What is the marginal propensity to consume (MPC)?
A) 0.25
B) 0.50
C) 0.66
D) 0.75
E) There is not enough information to answer the question.
D
Economics
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If Cheesy Cheese agrees to sell its cheese to Fresh Pizza on the contractual condition that Fresh Pizza purchases 100 percent of the cheese needed to make its pizzas from Cheesy Cheese, this is an example of ________.
A) a horizontal contract B) a tying arrangement C) an exclusive dealing contract D) a requirements contract
Economics
The stable outcome of the game in the figure shown will be:
A. Nike charges a low price, and Adidas charges a high price. B. Nike and Adidas both charge a high price. C. Nike charges a high price, and Adidas charges a low price. D. Nike and Adidas both charge a low price.
Economics