If Consumption Is $30,000 When Income Is $35,000, and Consumption

question 136

Multiple Choice

If consumption is $30,000 when income is $35,000, and consumption increases to $36,000 when income increases to $43,000, the MPC is

• A) 0.65.
• B) 0.75.
• C) 0.80.
• D) 0.95.

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Definitions:

Current Products

Goods or services that are being manufactured or sold right now, reflecting the latest designs, features, or technology.

International Markets

Marketplaces that extend beyond national borders, where businesses can trade goods and services across countries.

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A growth strategy where a business seeks to sell its existing products or services into new geographic areas or markets to attract new customers.

Yum! Brands

A multinational corporation that operates or licenses Taco Bell, KFC, Pizza Hut, and other fast-food restaurant chains worldwide.