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 53 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?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Some vehicles use a surge tank, which is located at the highest level of the cooling system, with ... Some vehicles use a surge tank, which is located at the highest level of the cooling system, with ...
Reaction 7: The First Substrate-Level Phosphorylation Reaction 7: The First Substrate-Level Phosphorylation
Climate change occurs over millions of years Climate change occurs over millions of years
Nearly all the food that you consume originates on a farm Nearly all the food that you consume originates on a farm
Ramey's study, children from poverty-level families IQ experiment Ramey's study, children from poverty-level families IQ experiment
Average real hourly wages (2010 dollars) by education level, full-time workers aged 17 to 34 in 2011 Average real hourly wages (2010 dollars) by education level, full-time workers aged 17 to 34 in 2011
Video: Introduction to Tuberculosis

For a complete list of videos, visit our video library