This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The marginal propensity to consume represents A) the level of consumption that occurs if ... (Read 16 times)

big1devin

  • Hero Member
  • *****
  • Posts: 583
on: Jun 30, 2018
The marginal propensity to consume represents
 
  A) the level of consumption that occurs if disposable income is zero.
  B) the ratio of total consumption to disposable income.
  C) total income minus total taxes.
  D) the change in output caused by a one-unit change in autonomous demand.
  E) the change in consumption caused by a one-unit change in disposable income.

Question 2

Disposable income equals
 
  A) income minus saving.
  B) income minus both saving and taxes.
  C) consumption minus taxes.
  D) the sum of consumption and saving.
  E) none of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nathang24

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

D


big1devin

  • Hero Member
  • *****
  • Posts: 583
Reply #2 on: Jun 30, 2018
Thank you


nathang24

  • Sr. Member
  • ****
  • Posts: 314
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

China’s 8% annual increase in oil consumption China’s 8% annual increase in oil consumption
Hiatal hernia. (a) The hernia occurs when the stomach protrudes through the diaphragm and into the t Hiatal hernia. (a) The hernia occurs when the stomach protrudes through the diaphragm and into the t
Diesel combustion occurs when fuel is injected into the hot, highly compressed air in the cylinder. Diesel combustion occurs when fuel is injected into the hot, highly compressed air in the cylinder.
Water consumption by type of use Water consumption by type of use
You Need to Consume Carbohydrates Daily You Need to Consume Carbohydrates Daily
The quaternary level of protein structure as seen in hemoglobin The quaternary level of protein structure as seen in hemoglobin
Video: Krebs cycle : Formation of acetyl coenzyme A and Electron transport chain

For a complete list of videos, visit our video library