Jane Supports Herself at College by Working in a Bookstore

question 297

Multiple Choice

Jane supports herself at college 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) 1.00.
• B) 0.90.
• C) $90.
• D) 0.10.
• E) 0.50.

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Definitions:

Working Women

Refers to women who are engaged in paid employment, highlighting the social and economic contributions they make as well as the challenges they face.

World War II

A global conflict that lasted from 1939 to 1945, involving most of the world's nations, including the great powers, eventually forming two opposing military alliances, the Allies and the Axis.

Consumerism

The cultural and economic order that encourages the acquisition of goods and services in ever-increasing amounts.

Credit Cards

Financial instruments issued by banks allowing cardholders to borrow funds with which to pay for goods and services with the promise to repay the bank, along with agreed charges, at a later date.