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

Author Question: If consumption is $60,000 when income is $80,000, and consumption increases to $68,000 when income ... (Read 67 times)

james9437

  • Hero Member
  • *****
  • Posts: 568
on: Apr 19, 2019

Question 1

If you save $20 when you experience a $80 rise in your income


◦ your 
MPS is 0.4.
◦ your 
MPC is 0.75.
◦ your 
MPC is 0.8.
◦ your 
MPS is 0.8.

Question 2

If consumption is $60,000 when income is $80,000, and consumption increases to $68,000 when income increases to $90,000, the 
MPC is


◦ 0.2.
◦ 0.4.
◦ 0.6.
◦ 0.8.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by james9437 on Apr 19, 2019

nhea

  • Sr. Member
  • ****
  • Posts: 305
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


james9437

  • Hero Member
  • *****
  • Posts: 568
Reply #2 on: Apr 19, 2019
TY


nhea

  • Sr. Member
  • ****
  • Posts: 305
Reply #3 on: Apr 19, 2019
You're welcome


« previous next »
 

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

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.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

The mortality rate in the United States increases with age and is lower for women than men at every ... The mortality rate in the United States increases with age and is lower for women than men at every ...
Global Stratification: Income of the World's Nations Global Stratification: Income of the World's Nations
Income Distribution in the United States, 2009 Income Distribution in the United States, 2009
Determination of Income Inequality Determination of Income Inequality
How the Return to Education Affects the Distribution of Income How the Return to Education Affects the Distribution of Income
Philip wants to supplement his pension by $415 per month with income from his investments. His ... Philip wants to supplement his pension by $415 per month with income from his investments. His ...
Video: Introduction to Photolithography - WC, BLF, PA, Hard and Soft baking

For a complete list of videos, visit our video library