Jack Nelson, a Supervisor in the Hardware Department at Sears

question 71

Multiple Choice

Jack Nelson, a supervisor in the hardware department at Sears, received a $3,000 increase in his
Annual disposable income. Suppose his marginal propensity to consume is 0.80. How much of the
$3,000 increase will Jack spend on consumption?

• A)$2,500
• B)$3,000
• C)$2,400
• D)$2,750
• E)$2,200

---

Definitions:

Ferns

A group of non-flowering plants that reproduce via spores, featuring large leaves and lacking seeds and flowers.

Rhizoids

Thin, root-like structures found in non-vascular plants, fungi, and some protists, serving primarily for attachment and in some cases, absorption.

Sporophyte

The diploid, spore-producing phase of plants and algae that undergo alternation of generations, in contrast to the haploid gametophyte phase.

Diatoms

Single-celled, photosynthetic protists with a two-part silica shell.