Consumption equals 32000 when disposable income equals


Question: Consumption equals $32,000 when disposable income equals $40,000. Consumption increases to $38,000 when disposable income increases to $50,000. What is the marginal propensity to consume? The marginal propensity to save?

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: Consumption equals 32000 when disposable income equals
Reference No:- TGS02239220

Expected delivery within 24 Hours