Given the equation C = $1,500 + .70($3,000),

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Given the equation C = $1,500 + .70($3,000),

Given the equation C = $1,500 + .70($3,000),

• Marginal propensity to save is .30.

• Consumption is equal to $3,600.

• Autonomous consumption is $1,500.

• All of the above.

Textbook

Introduction to Agricultural Economics

Edition: 7^th

Authors: Penson, Rosson, Woodward

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