This topic contains a solution. Click here to go to the answer

Author Question: Suppose consumption is $7,500 when income is $4,000 and the MPSequals 0.4. When income increases to ... (Read 123 times)

tsand2

  • Hero Member
  • *****
  • Posts: 520

Question 1

Suppose saving is $1,000 when income is $10,000 and the 
MPC equals 0.9. When income increases to $15,000, saving is


◦ $1,500.
◦ $1,400.
◦ $900.
◦ $500.

Question 2

Suppose consumption is $7,500 when income is $4,000 and the 
MPS equals 0.4. When income increases to $6,000, consumption is


◦ $8,050.
◦ $8,300.
◦ $8,700.
◦ $9,500.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by tsand2 on Apr 19, 2019

shayla

  • Sr. Member
  • ****
  • Posts: 323
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 50% of students answer this correctly





 

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

For a complete list of videos, visit our video library