For the consumption function C = 10 +
I -
,
(a)find the marginal propensity to consume when I = 16;
(b)find the marginal propensity to save with I = 16.

Name: For the consumption function C = 10 + I - , (a)find the marginal propensity to consume when I = 16; (b)find the marginal propensity to save with I = 16.
Brand: Quizplus
Rating: 4.9 (45 reviews)

Question

For the consumption function C = 10 +  
I -  
,
(a)find the marginal propensity to consume when I = 16;
(b)find the marginal propensity to save with I = 16.

Quizplus · Accepted Answer

The Answer of For the consumption function C = 10 +  
I -  
,
(a)find the marginal propensity to consume when I = 16;
(b)find the marginal propensity to save with I = 16.

For the Consumption Function C = 10