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Author Question: Suppose consumption is $20,000 when income is $32,000 and the MPCequals 0.8. When income increases ... (Read 108 times)

danielfitts88

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on: Apr 19, 2019

Question 1

If consumption is $13,000 when income is $12,000, and consumption increases to $15,000 when income increases to $15,000, the 
MPS is


◦ -0.15.
◦ 0.
◦ 0.33.
◦ 0.40.

Question 2

Suppose consumption is $20,000 when income is $32,000 and the 
MPC equals 0.8. When income increases to $40,000, consumption is


◦ $26.400.
◦ $28,000.
◦ $32,000.
◦ $72,000.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by danielfitts88 on Apr 19, 2019

cuttiesgirl16

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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.
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danielfitts88

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

bbburns21

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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