Jane Supports Herself at University by Working in a Bookstore

question 5

Multiple Choice

Jane supports herself at university by working in a bookstore earning $300 a month, which she spends entirely every month. If she gets a salary increase of $100 a month, she spends $90 more dollars on consumption expenditure. Jane's MPC is equal to

• A) 0.10.
• B) $90.
• C) 1.00.
• D) 0.50.
• E) 0.90.

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Definitions:

Political Influence

The ability to sway or alter the decision-making process of individuals in power, often exerted through various means such as lobbying, campaigning, or public opinion.

Pennsylvania Population

The number of people living in the state of Pennsylvania, which can refer to historical populations or current demographics.

Class Stratification

Class stratification refers to the division of society into distinct social classes based on factors like wealth, income, education, occupation, and social connections, often influencing individuals' opportunities and quality of life.

Opened Up Opportunities

A phrase referring to the creation or availability of chances or possibilities for progress, improvement, or success.