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The disposable income is 10000 and the level of consumption is 8000. Calculate average propensity to consume.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The disposable income is 10000 and the level of consumption is 8000. Calculate average propensity to consume.

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