Table 1 Disposable Income $50,000 Consumption $40,000 Disposable Income $20,000 Table 2 Use the information in Table 1 to calculate the APC and the APS. Saving $4,000 5. Use the information in Table 2 to calculate the APC and the APS If Disposable Income rises from $50,000 to $70,000, and consumption rises from $40,000 to $55,000, calculate the MPC and the MPS.

Table 1 Disposable Income $50,000 Consumption $40,000 Disposable Income $20,000 Table 2 Use the information in Table 1 to calculate the APC and the APS. Saving $4,000 5. Use the information in Table 2 to calculate the APC and the APS If Disposable Income rises from $50,000 to $70,000, and consumption rises from $40,000 to $55,000, calculate the MPC and the MPS.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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