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The Marginal Propensity to Consume is how much you spend for every dollar your income increases. How much money is spent if MPC is .8 and you have a $10,000 raise? A. $80 B. $8,…

The Marginal Propensity to Consume is how much you spend for every dollar your income increases. How much money is spent if MPC is .8 and you have a $10,000 raise? A. $80 B. $8,…
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The Marginal Propensity to Consume is how much you spend for every dollar your income increases. How much money is spent if MPC is .8 and you have a $10,000 raise?

A. $80
B. $8,000
C. $800

asked
User Dan Gayle
by
8.2k points

2 Answers

6 votes
B. $8,000, because you replace the 8 with the 10 and that's how you get $8,000.
answered
User Eddy Liu
by
7.5k points
4 votes
I believe it's B.8,000
answered
User Michael Iles
by
7.9k points
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