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Table 12-7
-Given Table 12-7 below,fill in the values of the marginal propensity to save (MPS)and the marginal propensity to consume (MPC).Show that MPC + MPS = 1.
Markup Percent
The percentage added to the cost price of goods to cover overhead and profit.
Markup Percent
The markup on the original cost of goods intended to cover running costs and generate profit.
Selling Price
The amount of money a buyer pays to acquire a product or service from a seller.
Markup Percent
A percentage added to the cost price to determine the selling price.
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