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Author Question: Suppose that the consumption function crosses the 45-degree line at a disposable income level of 800 ... (Read 92 times)

rmenurse

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Suppose that the consumption function crosses the 45-degree line at a disposable income level of 800 . Assume further that saving equals 200 when disposable income is 1,300 . This implies that the MPC must equal 0.6.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Every time an individual decides to try out new equipment, or finds better ways to manage money, he or she is exhibiting aspects of:
 a. money management.
 b. entrepreneurship.
 c. strategic management.
  d. capital management.



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mfedorka

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Answer to Question 1

True

Answer to Question 2

b




rmenurse

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


xthemafja

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Reply 3 on: Yesterday
Wow, this really help

 

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