The table given below shows the disposable income and consumption of a household. In the table below, the level of saving at a disposable income of $1,200 is:Table 9.1DisposableIncome ($)Consumption (S)1,0008001,1008801,2009601,3001,0401,4001,120a. $1,200b. $950c. $240d. $80e. $1,300

The disposable income is the portion of the income which is left after the deduction of the taxes.…

Answered: Disposable Income ($) Consumption ($)…

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Disposable Income ($) Consumption ($) 1,000 800 1,100 880 1,200 960 1,300 1,040 1,400 1,120

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

The table given below shows the disposable income and consumption of a household. In the table below, the level of saving at a disposable income of $1,200 is:
Table 9.1
Disposable
Income ($)
Consumption (S)
1,000
800
1,100
880
1,200
960
1,300
1,040
1,400
1,120
a. $1,200
b. $950
c. $240
d. $80
e. $1,300

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