Question: 5 . At an income of $ 1 0 0 , 0 0 0 , I spent $ 9 0 , 0 0 0 on

5.At an income of $100,000, I spent $90,000 on consumer goods. When my income rose to
$200,000, I spent $160,000 on consumer goods. My marginal propensity to consume is:
a.0.9
b.0.8
c.0.7
d. $70,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Q:

Why did Marvel have to file for bankruptcy? What is your assessment of Perelman's proposed restructuring plan - the one proposed in January 1997, not the one "floated" to analysts in November 1996....

Q:

CHAPTER IS COMPARATIVE CONVOYSTE ACQUE STATEMENTS |^ ^` Tears dee Dee It, Too. Dec 31, Foot. and the $1. 2006 20 07 20 06 20.05 Cost of goods sold 100.03|$ 100.0^| } 100.0^ Gross margin 3. 7:420...

Q:

CHAPTER IS COMPARATIVE CONVOYSTE ACQUE STATEMENTS |^ ^` Tears dee Dee It, Too. Dec 31, Foot. and the $1. 2006 20 07 20 06 20.05 Cost of goods sold 100.03|$ 100.0^| } 100.0^ Gross margin 3. 7:420...

Q:

I am having difficulty filling out the deduction part to this 1120 page one. Page 1 of 5 ACC 316 Fed Tax II 1120 Corporation Tax Project The purpose of this project is to give you an idea of what...

Q:

please help soon its due soon During the first calendar quarter of 2016 Wiliams Corporation is planning to manufacture a new product and introduce it in two regions. Market research indicates that...

Q:

Topics Included can be : Consumer Behavior and Utility Maximization Production and Cost The Theory of Consumer Choice Elasticity and Its application The Market Forces of Demand and Supply Demand ,...

Q:

Document Review Simulation -- Harris and Carly Franklin - SPRING 2022 Answer the 15 items below on Blackboard in the Document Review Simulation Spring 2022 tab under Course Material. See your...

Q:

INTRODUCTION Flash Inc. is a United States-based semiconductor designer and manufacturer. All its manufacturing operations are based in the United States, but it has customers worldwide, especially...

Q:

please I need a sloution for this one amount for each of the designated areas of the Form 1120, U.S. Corporation Income Tax Return. Enter all amounts as positive values. For each item, enter the...

Q:

Something is missing on schedule M-1. XYZ is a calendar-year corporation that began business on January 1, 2020. For the year, it reported the following information in its current-year audited income...

Q:

If 718 protons in a stream of protons pass through a tissue in one milli second, find the electric current passing through the tissue.

Q:

In the early 20th century, Max Weber proposed the bureaucraticmodel as an ideal organizational formone that is logical,rational, and efficient. Thinking about Webers model, complete the...

Q:

The LSUS Corporation has beginning long - term debt of $ 8 0 0 and ending long - term debt of $ 7 9 0 . The beginning and ending total debt balances are $ 1 , 2 2 0 and $ 1 , 3 6 0 , respectively....

Q:

please do profit and loss template

Q:

Teamwork. Your instructor will place you in a group and ask your group to design an online questionnaire to gather data about college students preferences about the following: a. energy drinks f....

Q:

At the request of your dentist, Jennifer Ryan, you surveyed the patients who had checkups at her office during May to determine their dental floss preference. Data gathered from 73 patients are...

Q:

Teamwork. Work with two or three of your classmates to design an experiment to determine how people react to receiving compliments. After getting feedback on your design from members of another team,...