Answer to Question #214117 in Economics for Paballo

Question #214117

ihle’s monthly disposable income increases from R4 900 to R5 300. As a result, his monthly

savings increase from R510 to R670. This implies that his marginal propensity to consume is …

[1] 0,20

[2] 0,40

[3] 0,60

[4] 0,8

Expert's answer

"\\frac{670-510}{5300-4900}=0.4"

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