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Rina8888 [55]
3 years ago
11

"If Jason receives his quarterly bonus of $3,000 and spends $2,100 on a computer and puts the rest in his savings account, what

is Jason’s MPC and MPS?"
Business
1 answer:
snow_lady [41]3 years ago
7 0

Answer: 0.70; 0.30

Explanation:

Marginal propensity to consume(MPC) is the additional spending by an economic agent due to a rise in income while the marginal propensity to save is the additional saving by someone due to rise in income.

Increase in income = $3,000

Increase in spending = $2,100

Increase in savings = $3,000 - $2,100 = $900

MPC = $2,100/$3,000

= 0.70

MPS = $900/$3,000

= 0.30

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diamong [38]

Answer:

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Explanation:

7 0
3 years ago
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5 0
3 years ago
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grigory [225]

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Hope this helps!

8 0
2 years ago
If you are interested in buying a new pair of sneakers, you could go to Foot Locker where you will find several different brands
Viktor [21]

Answer:

a. contact efficiency

Explanation:

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3 years ago
1. The classical dichotomy and the neutrality of money The classical dichotomy is the separation of real and nominal variables.
Archy [21]

Answer:

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