Suppose Consumption Is $60,000 When Income Is $90,000 and the MPS

question 143

Multiple Choice

Suppose consumption is $60,000 when income is $90,000 and the MPS equals 0.25. When income increases to $100,000, consumption is

• A) $90,250.
• B) $85,000.
• C) $70,000.
• D) $67,500.

---

Definitions:

Organizational Goals

The strategic objectives or targets that an organization aims to achieve, which guide its operations and decision-making processes.

Facilitate

To make an action or process easier or more likely to occur by providing necessary support or resources.

Teams Competency

The collective skills, abilities, and knowledge that enable a group of individuals to collaborate effectively towards common objectives.

Team Approach

A method in which individuals work collaboratively towards a common goal, maximizing each member's strengths and compensating for weaknesses.