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When Joe's Disposable Income Is $50,000,his Consumption Expenditure Is $45,000,and

Question 24

Multiple Choice

When Joe's disposable income is $50,000,his consumption expenditure is $45,000,and when his disposable income is $60,000,his consumption expenditure is $53,000.Joe's marginal propensity to consume is


A) $8,000.
B) 1.25
C) 80.
D) 100.
E) 0.80.

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