If your income increases by $1,500 and you only consume $900 of it, your marginal propensity to consume would be equal to:
What will be an ideal response?
1,500-600(.10)= 0.60.
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When the federal government uses taxation and purchasing actions to stimulate the economy it is conducting
A. monetary policy. B. fiscal policy. C. employment policy. D. incomes policy.
The figure above shows the marginal revenue and costs of a perfectly competitive firm. When 170 units are produced, the
A) firm has total revenue of $2,720. B) firm's total costs are less than $2,720. C) firm is making an economic profit. D) All of the above are true.
Retained earnings are always sufficient to finance a firm's rapid expansion in a high-growth economy
Indicate whether the statement is true or false
The Fourteenth Amendment was applied to the railroads in the Santa Clara County v Southern Pacific Railroad (1886) decision even though the original intent of that amendment had been to protect the property of former slaves
Indicate whether the statement is true or false