Multiple Choice
Jane supports herself at college by working in a bookstore earning $300 a month, which she spends entirely every month.If she gets a salary increase of $100 a month, she spends $90 more dollars on consumption expenditure.Jane's MPC is equal to
A) 1.00.
B) 0.90.
C) $90.
D) 0.10.
E) 0.50.
Correct Answer:
Verified
Correct Answer:
Verified
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