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Mandolina Mandolina
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6 years ago
When Jim's income increased by $1,000, he decided to spend $600 and save the rest. That means his marginal propensity
A) to save is 0.6.
B) to consume is $600.
C) to consume is 0.6.
D) to consume is 0.4.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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foliogefolioge
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6 years ago
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Mandolina Author
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6 years ago
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