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Author Question: If a household experiences a 880 increase in consumption with a 1,100 increase in disposable income, ... (Read 123 times)

jhjkgdfhk

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on: Jun 30, 2018
If a household experiences a 880 increase in consumption with a 1,100 increase in disposable income, what is the slope of that household's saving function?
 a. 0.20
  b. 2.0
  c. 0.80
  d. 0.08
  e. 0.25

Question 2

When considering whether or not to consume a second slice of cake, an individual is following marginal thinking if she compares the total cost of consuming both the first and second slices with their total benefit before making a decision.
 a. True
  b. False
  Indicate whether the statement is true or false


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SeanoH09

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

False


jhjkgdfhk

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Reply 2 on: Jun 30, 2018
Excellent

kishoreddi

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Reply 3 on: Yesterday
:D TYSM

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