I don't know how to do this can anybody show how to do this problem?

Senneco asked Mar 28, 2023

98,622 views

10 votes

Senneco asked Mar 28, 2023

2.5k points

Your comment on this question:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Email me at this address if my answer is selected or commented on:Email me if my answer is selected or commented on

Privacy: Your email address will only be used for sending these notifications.

13 votes

Answer:

A. $300

Step-by-step explanation:

Increase in consumption = MPC * increase in income

= 0.6 * 500

= $300

mpc = marginal propensity to consume

homeworkstudycom

Soumya Das answered Apr 3, 2023

3.2k points

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers