Answered: If mpc = 0.8 and the additional income…

If mpc = 0.8 and the additional income is P12,000, how much is the additional consumption? How much is the additional savings? show the computations

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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If mpc = 0.8 and the additional income is P12,000, how much is the additional consumption? How much is the additional savings? show the computations

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