Answer to Question #328108 in Microeconomics for Alex

Question #328108

If Maria estefan disposable IncomeIncreaseFrom 600 to 650

And her level of personal consumption expenditures increase from 450 to 520 You may conclude that’s her marginal propensity to

Expert's answer

"i=\\frac{\\frac{650-600}{600}}{\\frac{520-450}{450}}=0.54."

Learn more about our help with Assignments: Microeconomics

No comments. Be the first!

Who Can Help Me with My Assignment

There are three certainties in this world: Death, Taxes and Homework Assignments. No matter where you study, and no matter…
How to Finish Assignments When You Can’t

Crunch time is coming, deadlines need to be met, essays need to be submitted, and tests should be studied for.…
How to Effectively Study for a Math Test

Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…