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jek_recluse [69]
4 years ago
13

Marissa, a product manager, thinks her company's InstaCup coffee maker is currently in the growth stage of the product life cycl

e. If so, the profits for the InstaCup coffee maker ___ and the number of competitors ____.
Business
1 answer:
Elenna [48]4 years ago
6 0
Increased, decreased or remained the same.
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A. $600

Explanation:

The formula and the computation of the Marginal propensity to consume are shown below:

Marginal propensity to consume =  Change in consumer spending ÷ Change in disposal income

0.6 = Change in consumer spending ÷ $1,000

So, the change in consumer spending is

= $1,000 × 0.6

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