If your income increases from $40,000 to $48,000 and your consumption increases from $35,000 to $39,000, your marginal propensity to consume (MPC) is

When Erica’s income changes from $1000 to $1500, her consumption changes from $700 to $1100. Erica’s Marginal Propensity to Consume = Group of answer choices a. 0.2 b. We do not have enough information to answer this question c. 1.25 d. 0.8 e. 0.6 f.  0.4

Calculate marginal propensity to consume from the following Equilibrium income $350 Consumption expenditure at zero income $20 Investment $50

If your income increases from $50,000 to $70,000 and your savings increases from $3,000 to $5,000, your marginal propensity to save (MPS) is:

Calculate the value of MPS when the value of MPC is 0.13

How much more would you spend if you won a $1,000 lottery prize?  Why might your average and marginal propensities to consume differ?

If the value of average propensity to save is -0.9 what will be the value of average propensity to consume

The marginal propensity to consume is  a)the average amount of income that is consumed or spent b)the ratio of consumption to income c)the ratio of the change in consumption to a change in income d)the ratio of income to consumption

True or False? In the long-run general equilibrium, MPK = MPL.

Use the Lagrange multiplier method to optimize the objective function xy subject to the constraint 10x + 2y = 100.