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

Senneco asked Mar 28, 2023

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Senneco asked Mar 28, 2023

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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

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Soumya Das answered Apr 3, 2023

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