The marginal propensity to consume (MPc) is: Total consumption in a given period
ID: 1215755 • Letter: T
Question
The marginal propensity to consume (MPc) is: Total consumption in a given period divided by total disposable income The percentage of total disposable Income spent on consumption That part of the average consumer dollar that goes to the purchase of final goods. The traction of each additional dollar of disposable income spent on consumption If in the aggregate, consumers spend 90 cents out of every dollar received: The MPC is 90 The MPC is .9 The MPC is 1.9 The MPC is 1 Money is an indicator of the scarcity of wants. anything that the government classifies as a trade commodity. anything that sellers accept in exchange for goods and services. a form of barter.Explanation / Answer
5. (d) the fraction of each additional dollar of disposabe income spent on consumption.
6. (b) The MPC is 0.9.
7. (c) anything that sellers accept in exchange for goods and services.
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