The Marginal Propensity to Consume Is

question 168

Multiple Choice

The marginal propensity to consume is:

• A) the change in income divided by the change in consumption.
• B) consumption spending divided by income.
• C) income divided by consumption spending.
• D) the change in consumption divided by the change in income.
• E) the change in consumption divided by income.

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Definitions:

Tuition

The fee charged for instruction or teaching, typically in a formal educational institution.

Seven Ps

An extended marketing mix model that includes Product, Price, Place, Promotion, People, Process, and Physical evidence as its components.

Profitability

The ability of a company to generate earnings compared to its expenses and other relevant costs incurred during a specific period.

Seven Ps

An extension of the marketing mix that includes Product, Price, Place, Promotion, People, Process, and Physical Evidence, used to review and define key issues that affect the marketing of its products and services.