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Crazy boy [7]
3 years ago
8

Suppose two successive levels of disposable personal income increases from $16 to $21 billion and the change in consumption spen

ding between these two levels of disposable personal income is $2 billion, then the MPC will equal _____.
Business
1 answer:
Montano1993 [528]3 years ago
5 0

Answer: 0.4

Explanation: MPC, that is, marginal propensity to consume is used to quantify the consumption induced. As we know that, MPC is calculated as follows :-

MPC\:=\:\frac{Chane\:in\:consumer\:spending}{change\:in\:income}

MPC\:=\:\frac{2}{21-16}

MPC\:=\:\frac{2}{5}

                 = 0.4

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The answer is E.

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I hope this answer helps.

4 0
3 years ago
If the law of increasing opportunity costs is operable, and currently the opportunity cost of producing the 101st unit of good X
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4 0
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Jeremy is an effective leader who is capable of helping his subordinates complete their tasks. However, he is considered intimid
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Transactional leadership style

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