The Table Below Shows Disposable Income and Desired Consumption for a Closed

question 105

Multiple Choice

The table below shows disposable income and desired consumption for a closed economy with no government. TABLE 21-2 Refer to Table 21-2.The marginal propensity to consume is equal to

• A)0.2.
• B)0.4.
• C)0.6.
• D)0.67.
• E)0.8.

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Definitions:

Decision Support System Technology

Decision support system technology comprises computer-based tools and applications designed to assist in making informed decisions by analyzing large amounts of data and presenting actionable information.

Vroom-Jago

A decision-making model that helps leaders choose the best course of action by considering the importance of the decision and the involvement of team members.

Group-Oriented

A focus on teamwork and collective goals rather than individual achievements.

Vroom-Jago Leader-Participation Model

A decision-making framework that helps leaders determine the level of involvement of team members in the decision-making process.