Answered: In an economy, autonomous consumption…

In an economy, autonomous consumption is $10. If Income is $90 and the mpc is 0.9, how much is Consumption? O 89 100 O 90 O 91

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

In an economy, autonomous consumption is $10.
If Income is $90 and the mpc is 0.9, how much is Consumption?
O 89
100
O 90
O 91
O O O O

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