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How to solve to get MPC for this sum.? Show full answers for this sum
Answers (4)
Information for income and savings was given. Calculate consumption from that. For Example: Income 0, Savings -20. It means consumption is 20 Income 50, Savings -10. It means consumption is 60 Income 100, Savings 0. It means consumption is 100 Income 150, Savings 30. It means consumption is 120 After arriving at consumption, you can calculate MPC
Yoga Vishnu
Information for income and savings was given. Calculate consumption from that. For Example: Income 0, Savings -20. It means consumption is 20 Income 50, Savings -10. It means consumption is 60 Income 100, Savings 0. It means consumption is 100 Income 150, Savings 30. It means consumption is 120 After arriving at consumption, you can calculate MPC
How to calculate MPC for this sum, I cannot get this, I calculated the APC ,but MPC I dont knw how to calculate
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