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Author Question: Suppose consumption is $7,500 when income is $4,000 and the MPSequals 0.4. When income increases to ... (Read 124 times)

tsand2

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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.


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Marked as best answer by tsand2 on Apr 19, 2019

shayla

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