Answer:
MPC = 0.75
Explanation:
Marginal Propensity to Consume (MPC) is a part of Keynesian macroeconomic theory and is calculated by the change in consumption divided by the change in income. It quantifies the increased consumption which occurs with an increase in disposable income



Answer:
1) True, because MR = P[1-1/e] demand is elastic if e> 1. Thus for e>1 MR is positive.
2) False, because for elastic demand increase in price will lead to fall in revenue.
3) False, because MR will be zero.( MR = P[1-1/e], put e = 1)
4) True, because MR will be positive
5) FaIse
Yes, an economy would benefit if it gives more resources to agriculture.
<h3>What is Agriculture?</h3>
This refers to the planting of crops, rearing livestock, and other agricultural practices for personal consumption or sale.
Hence, we can see that agriculture is important to every economy because food is needed to both feed the country and also for export purposes and this would benefit the economy because it would reduce the importation of food that can be home-grown.
Read more about agriculture here:
brainly.com/question/24674970
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