gabbieheart844 gabbieheart844
  • 15-03-2022
  • Business
contestada

Suppose Erin receives an inheritance worth $50,000. If her MPC is 0.75, how much of the additional $50,000 that Erin earns will be spent

Respuesta :

nursolangi nursolangi
  • 15-03-2022

Answer:

$37,500

Explanation:

Since the MPC is the proportion of aggregate increase in income spent by consumer on consumption of goods or services.

MPC is already given as 0.75

So We will simply calculate the amount spent by Erin by multiplying Erin's additional income to MPC

(0.75 X $50,000) = $37,500

Answer Link

Otras preguntas

Which country worked with the US after World War Il to build rockets for the US space program?
What is a writer’s tone ?
Read the television ad below produced by the Utah Office of Tourism and answer the questions that follow. Snowflake #1: (Excited) “We’re going to Utah, Dude!”
While state courts will address violations of sate laws, hey are not equipped to handle cases in which _______. These cases are in the domain of the federal cou
Does anyone know what is (9 x 8) - (108 - 7564).
how do you find the diameter of a circle if you know the radius?​
Please help me with number 12
whats inside the center of the earth
What is the form of the first movement of a classical symphony?
True or false? Theodore Roosevelt’s Progressive party appealed to some Republicans am day others who wanted change and reform