Author Question: If a household's disposable income increases from 50,000 to 100,000 and its consumption increases ... (Read 37 times)

OSWALD · **on:** Jun 30, 2018

If a household's disposable income increases from 50,000 to 100,000 and its consumption increases from 40,000 to 80,000 . the MPS must be _____.
a. 0.4
b. 0.8
c. 0.7
d. 0.2
e. 0.5

Question 2

The opportunity cost of attending college is likely to be higher for a high school graduate who leaves a job grilling hamburgers than it is for a high school dropout who leaves a job working as a computer network administrator.
a. True
b. False
Indicate whether the statement is true or false