Value of MPC when MPS is zero
Determine the value of MPC whenever MPS is zero? Answer: Whenever MPS = 0, MPC = 1 – 0 = 1.
Determine the value of MPC whenever MPS is zero?
Answer: Whenever MPS = 0, MPC = 1 – 0 = 1.
What do you mean by the term Equilibrium? Also state its proper definition.
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Why the value of MPC is not greater than 1? Answer: This is because change in consumption can never be more than change in income.
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