Fred's Consumption Purchases Fall from $140 000 in 2011 to $100

question 155

Multiple Choice

Fred's consumption purchases fall from $140 000 in 2011 to $100 000 in 2012,as his disposable income falls from $200 000 in 2011 to $150 000 in 2012.Which of the following statements about Fred's consumption is accurate?

• A)Fred's APC in 2012 equals 0.7.
• B)Fred's MPC equals 0.8.
• C)Fred's APC was higher in 2012 than in 2011.
• D)Fred's MPC equals 0.7.

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Definitions:

Business Communications

The sharing of information between people within an organization or between the organization and its customers, partners, or stakeholders for business purposes.

Benefits

Advantages or favorable conditions that an entity offers, often used in the context of employment to describe additional perks beyond salary.

Visual Messages

Information or ideas conveyed through images, symbols, or designs rather than through words or text, to communicate a message effectively.

Cross-Cultural Communication

The process of exchanging, negotiating, and mediating cultural differences through language and behavior in a global context.