If Marginal Propensity to Save Equals 0

question 85

Multiple Choice

If marginal propensity to save equals 0.50,then the marginal propensity to consume is:

• A)1.25.
• B)0.50.
• C)0.70.
• D)1.00.

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Definitions:

Time Between Service

The period or interval between successive services rendered to customers or maintenance of equipment.

Service Factor

A multiplier used in operational and manufacturing settings to account for potential variability in demand or system overload capacity.

M/M/S

A model used in queueing theory representing a system with multiple servers where arrivals and service times are Poisson distributed and exponentially distributed, respectively.

Average Time

The mean value that represents the central tendency of a set of times, often used to summarize the typical amount of time required for a process.