How much to save from the given amount


Assume that Mr. Brown's MPS=MPC. If he makes an extra $1,000 this year, and this increase in his income does not change his marginal propensities, how much of this $1,000 will Mr.Brown save?

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: How much to save from the given amount
Reference No:- TGS050028

Expected delivery within 24 Hours