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svlad2 [7]
4 years ago
7

Marnie earns $25,000 a year while working at a local bookstore. Because the bookstore did very well this past year, Marnie recei

ved a $500 raise. She consumes part of this additional income and saves part of it. If Marnie’s MPC = 0.75, how much money from her raise will she save?
Business
1 answer:
Umnica [9.8K]4 years ago
8 0

Answer:

Marnie will save = $ 125 from her raise .

Explanation:

raise income = $500

MPC = = 0.75  

Marnie consumer 0.75 of every dollar increase . So total consumption increase = 500 * 0.75 = 375 $

Marnie will save = 500 - 375 = $ 125 from her raise .

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