Answer: The marginal propensity to consume (MPC) in the given equation is 0.5.
The formula above is in slope intercept form. The MPC is like the slope of the equation. It gives the change in consumption, C, over the change in income, Y.
For example, if we let Y = 1, then the consumption will go from 200 to 200.5. It was a change of 0.5 over 1. Or just 0.5.
Answer:
The numbers are 12 and 36
Step-by-step explanation:
x + y = 48
x - y = 24
Add y to both sides of the equation
x = 24 + y
Substitute new value for x into first equation
24 + y + y = 48
Add y's together
24 + 2y = 48
Subtract 24 from both sides of the equation
2y = 24
Divide both sides of the equation by 2
y = 12
48 - 12 = 36
The numbers are 12 and 36
Hope this helps :)
= 8/2 = 4