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Lisslv1bsondivhachi Lisslv1bsondivhachi
  • 07-02-2017
  • Business
Answered

The Marginal Propensity to Consume is how much you spend for every dollar your income increases. How much money is spent if MPC is .8 and you have a $10,000 raise?

A$80
B$8,000
C$800

Verified Answer :

neptunemeow
neptunemeow neptunemeow
  • 07-02-2017

I believe it's B.8,000

Answer Link
ShianHagen15
ShianHagen15 ShianHagen15
  • 07-02-2017

B. $8,000, because you replace the 8 with the 10 and that's how you get $8,000.

Answer Link

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