Which of the Following Is the Correct Formula for the Marginal

question 85

Multiple Choice

Which of the following is the correct formula for the marginal propensity to consume?

• A) MPC = 1 ÷ (1 - MPC).
• B) MPC = (total consumption)÷ (total disposable income).
• C) MPC = 1 - MPS.
• D) MPC = (change in consumption)+ (change in disposable income).

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Definitions:

Red Algae

A group of primarily aquatic photosynthetic organisms known for their reddish pigments, which allow them to live at greater depths than many other photosynthetic species.

Green Algae

A diverse group of photosynthetic organisms found in various aquatic environments, considered important precursors to land plants and characterized by green chlorophyll pigments.

Brown Algae

A group of photosynthetic, multicellular marine algae, including many seaweeds, in the class Phaeophyceae.

Malaria

A life-threatening disease caused by parasites that are transmitted to people through the bites of infected female Anopheles mosquitoes.