If your disposable income increases from $10,000 to $15,000 and your consumption increases from $9,000 to $12,000, your marginal propensity to consume is:
A.0.8
B.0.6
C.0.4
D.0.2
B. 0.6
Economics
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If a nation abandons its own currency and decides to use another nation's currency as its own circulating currency, this is known as:
a. euro-zoning. b. dollarization. c. a managed float. d. a Western regime.
Economics
The table above gives Cathy's total utility from Mt. Dew. Cathy's marginal utility from the 4th Mt. Dew is ________ units
A) 75 B) 90 C) 15 D) 82.5
Economics