Refer to the information provided in Figure 23.1 below to answer ...

[jessicacav]

TY

[chjcharjto14]

You're welcome

[itsmyluck]

Question 1

Refer to the information provided in Figure 23.1 below to answer the question(s) that follow.










Refer to Figure 23.1. The 
________ for this household is 0.5 and the 
________ is also 0.5.

◦ MPC; 
MPS
◦ MPC; consumption function
◦ MPS; saving function
◦ consumption function; saving function

Question 2

Refer to the information provided in Figure 23.1 below to answer the question(s) that follow.










Refer to Figure 23.1. [-500 + 0.5
Y]
 is this household's

◦ MPC.
◦ MPS.
◦ saving function.
◦ consumption.

[swimkari]

Answer 1

MPC; 
MPS

Answer 2

saving function.

[gonzo233]

Question 1

Refer to the information provided in Figure 23.1 below to answer the question(s) that follow.










Refer to Figure 23.1. At income level ________, this household's saving is greater than zero and this household's consumption is greater than zero.

◦ -$200
◦ $800
◦ $1,000
◦ $1,500

Question 2

Refer to the information provided in Figure 23.1 below to answer the question(s) that follow.










Refer to Figure 23.1. [500 + 0.5
Y] is this household's

◦ MPC.
◦ MPS.
◦ saving function.
◦ consumption function.

[bblaney]

Answer 1

$1,500

Answer 2

consumption function.

[gonzo233]

Thank you!

[bblaney]

Always glad to help...

[lunatika]

Question 1

Refer to the information provided in Figure 23.1 below to answer the question(s) that follow.










Refer to Figure 23.1. This household saves ________ at an income level of $400.

◦ -$300
◦ -$250
◦ $0
◦ $250

Question 2

Refer to the information provided in Figure 23.1 below to answer the question(s) that follow.










Refer to Figure 23.1. This household consumes ________ at an income level of $3,000.

◦ $1,000
◦ $1,450
◦ $2,000
◦ $3,500

[fauacakatahaias]

Answer 1

-$300

Answer 2

$2,000