Which of the following changes in disposable income would lead to the smallest increase in consumption?
a. a $20,000 increase in disposable income, if MPC equals 0.5
b. a $12,000 increase in disposable income, if MPC equals 0.75
c. a $15,000 increase in disposable income, if MPC equals 0.6
d. a $30,000 increase in disposable income, if MPC equals 0.25
d
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A chemical factory and a fishing club share a lake. Producing chemicals creates water pollution that harms the fish. The marginal social cost, private marginal cost, and marginal social benefit from producing chemicals are in the figure above
If polluting is legal and no one owns the lake into which waste is dumped, then the amount of chemicals produced each week will be A) 0 tons. B) 4 tons. C) 8 tons. D) None of the above answers is correct.
When entering the Chinese market, McDonalds had to confront:
A) mainly technical issues. B) mainly political issues. C) mainly cultural issues. D) all of the above.