Jack Nelson, a Supervisor in the Hardware Department at Sears

question 53

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

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Definitions:

Cannabis Abuse

The problematic use of cannabis that negatively impacts health, social, or occupational functioning.

Perceptual Disturbance

An alteration in the way sensory information is interpreted or experienced, possibly leading to misinterpretations of one's environment.

Intoxicaton

The condition of having physical or cognitive functions impaired by the excessive consumption of alcohol or drugs.

Alcohol Abuse

A pattern of drinking that results in harm to one's health, interpersonal relationships, or ability to work.