Everything Else Held Constant,if Total Consumption Increases from $600 to $800

question 97

Multiple Choice

Everything else held constant,if total consumption increases from $600 to $800 because of an increase of disposable income of $400,then the mpc is equal to

• A)0.2.
• B)0.4.
• C)0.5.
• D)0.6.

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Definitions:

Low-fat, Low-calorie Diet

A nutritional plan that reduces fat and calorie intake to aid in weight loss and improve overall health.

Delegation

The assignment of authority to another person to carry out specific activities, often used in the context of management and leadership.

Authority

The power or right to give orders, make decisions, and enforce obedience.

Collaborating

Working jointly with others or together especially in an intellectual endeavor to achieve a common goal or produce a combined effect that would not be possible individually.