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

Question

asked Sep 4, 2023 152k views

1 Answer

Sonia · Answer 1 · 2023-09-10T16:27:26+0000

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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