If entire additional income is saved then MPC is:(a). Zero (b). one(C). Infinity (d). Between 0 and 1
Question
Solution 1
To determine the marginal propensity to consume (MPC) when the entire additional income is saved, we need to understand the concept of MPC.
MPC represents the proportion of additional income that is spent on consumption. It is calculated by dividing the change in consumption by the change in incom Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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