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."

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