hebiancao
hebiancao
03.12.2021 • 
Business

At your future job, you get an unexpected raise from $50,000 a year to $75,000 a year. With the increased income, you decide to increase your consumption from $30,000 a year to $40,000 a year. Calculate your marginal propensity to consume (MPC).

Solved
Show answers

Ask an AI advisor a question